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New Member
posted Oct 30, 2019 4:28:57 AM

T2125 keep adding itself

this site suck ass

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1 Best answer
New Member
Oct 30, 2019 4:28:58 AM

The CRA considers amounts in box 20 and box 48 of the T4A slip as self-employment/business income. 

If you entered a T4A slip in your return with amounts in box 20 or box 48, you must complete a Form T2125: Statement of Business Activities. Only minimal entries are required; the business name can be your name and the business address can be your home address.

The industry code that applies to your business can be found on the following link http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVDPage1&db=imdb&dis=2&adm=8&TVD=118464  

  Here is a tax tip link on T2125 https://turbotax.intuit.ca/tips/small-business-tax-tips-filing-a-t2125-4119  


1 Replies
New Member
Oct 30, 2019 4:28:58 AM

The CRA considers amounts in box 20 and box 48 of the T4A slip as self-employment/business income. 

If you entered a T4A slip in your return with amounts in box 20 or box 48, you must complete a Form T2125: Statement of Business Activities. Only minimal entries are required; the business name can be your name and the business address can be your home address.

The industry code that applies to your business can be found on the following link http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVDPage1&db=imdb&dis=2&adm=8&TVD=118464  

  Here is a tax tip link on T2125 https://turbotax.intuit.ca/tips/small-business-tax-tips-filing-a-t2125-4119