Re: I am confused about the professional fees on t...

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New Member

I am confused about the professional fees on the t2125. I just want to put in income.

 
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Employee Tax Expert

I am confused about the professional fees on the t2125. I just want to put in income.

If your question is about Line 3H of Part 3B of the Statement of Professional or Business Activities for: "Gross professional fees including work in progress (WIP) and GST collected or collectible," the term "fees" is referring to what we commonly think of as income i.e. what the professional has billed to others for professional work done. More information can be found at Part 3B of:

Self employed Business, Professional, Commission, Farming, and Fishing Income: Chapter 2 – Income

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