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Level 1
posted Mar 20, 2024 5:12:37 PM

RE: T5 and Professional Income

If I make income from a T5 form, do I also include that same income in the general 'how much have you made from professional income?' section? or is that now double income?

 

Thanks!

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1 Best answer
Moderator
Mar 20, 2024 5:52:56 PM

What kind of income do you have on the T5? If you have received dividends from an incorporated business that you own, then you only need to enter the T5. You don't need to fill out the self-employment forms.

2 Replies
Moderator
Mar 20, 2024 5:52:56 PM

What kind of income do you have on the T5? If you have received dividends from an incorporated business that you own, then you only need to enter the T5. You don't need to fill out the self-employment forms.

Level 1
Mar 20, 2024 6:05:28 PM

Yes it's my company!

Great, thanks.