Report business income and expenses
To report business or professional income and expenses, we encourage you to use Form T2125.
We also accept this information on other types of financial statements.
Form T2125 can also be used to report business income and expenses from self-employed commission sales.
Topics
- Completing Form T2125
- Industry codes
Identify the industry code you should use on Form T2125 - Claiming capital cost allowance (CCA)
How to deduct the cost of capital property - Interest and penalties for individuals
Get information on when the CRA charges interest, the repeated failure to report income penalty and the false statements or omissions penalty