Sole proprietorships and partnerships
Self-employment income is reported on line 13500 to line 14300 of your income tax and benefit return. This income may be earned from a business you operate yourself as a sole proprietorship or with someone else as a partnership.
The topics below contain information about:
- line 13500, Business income
- line 13700, Professional income
- line 13900, Commission income
- line 14100, Farming income
- line 14300, Fishing income
There is information for sole proprietorships or partnerships involved in unique types of business operations. Go to farmers and fishers, or daycare in your home if your business involves these activities. If your income is from a property, go to rental income. If you sell lottery tickets, go to lottery prize commissions.
If your business is incorporated, go to corporations.
Note
Self-employed Canadians can now register to be eligible to receive Employment Insurance special benefits, which include maternity, parental, sickness and compassionate care benefits. For more information on eligibility and application, go to EI Benefits for Self-Employed People.
Topics
- What is a business?
Definition of a business and when does it start. - Business expenses
Common business expenses. - Report business income and expenses
Calculate and report your business income using Form T2125. - Investment tax credit
Information on the investment tax credit, the apprenticeship job creation tax credit and the investment tax credit for childcare spaces. - T5013 Partnership Information Return filing requirements
Reporting income, losses, GST/HST rebate, completing the partnership information return, capital cost allowance and eligible capital expenditure. - Accounting methods
Accrual or cash method. - Fiscal period
Choosing your fiscal period. - Business records
Your obligations for keeping records of your business activities. - Required tax instalments for individuals
Due dates for filing your returns and making your payments. Establishing a fiscal year-end and calculating instalment payments.
Forms and publications
Related links
Multimedia
- Video series: Businesses video gallery