Business/Self-Employment Income & Exp -

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Personal Information

Tax Year *

Title

Mr.
Mrs.
Miss
Dr
Ms.
Other

Please specify title

First Name *

Last Name *

Email *

Have you filed a self-employment return with us before? *

Business or Professional Activities

• Use this form to calculate your self-employment, business and professional income.

General Business Information

Business Name *

Enter your registered business name or trade name

Business Number or GST/HST No

If you are registered for GST/HST, please enter your GST/HST number. Otherwise, enter your regular Business Number.

Type of Business Activity

General Business
Professional
Commission

Business Address *

Address Line 1

City

State / Province / Region

Postal Code

Country

Type of Business/Profession *

Enter main product/service offered *

Please enter your primary product or service (e.g., consulting, software, e-commerce, professional services, commission-based sales)

Fiscal Period (Start Date) *

Start and end date of the reporting period, e.g., January 1, 2025 – December 31, 2025

Fiscal Period (End Date) *

Business Status *

Business Structure *

Sole Proprietorship
Partnership

If a partnership, enter your percentage of the partnership

Returning Clients Information Update

Has any of the following changed since last tax year? *

Yes
No change

If nothing changed, select “No change” and you’re done.

Check all items that changed during the tax year. If nothing changed, select None. *

Business address changed
Type of business / business activities changed
Ownership or partnership percentage changed
Business ceased operation or permanently shut down during the tax year

Select changes that affect how your business activity is reported this tax year.

Update any information that has changed since last year

Update Business Address *

Address Line 1

City

State / Province / Region

Postal Code

Country

Enter your updated business address.

Update Type of Business

Type of Business/Profession *

Main Product/Service Offered *

Update Owner/Partner Details

Owner/Partner Name

Change Type *

New Ownership %

Required for ownership changes or new partners.

Address (optional)

Address Line 1

City

State / Province / Region

Postal Code

Optional: Enter only if this is a new partner or the address has changed.

Business Sold or Permanently Shut Down

Enter closure date *

Enter the date your business ceased operations or was permanently shut down

Closure confirmation

I confirm this business has permanently ceased operations and this is the final tax return *

Business/Professional Income & Expenses

Income Overview

Select all types of income you earned this year *

Income from selling goods (physical or digital products)
Income from services, include professional or other services (e.g., homecare, consulting, rideshare, IT).
Residential Rental income
Other income (e.g. grants, interest, investment income, royalties, etc.)
None of the above

Tick all that apply. When you click Next, you will enter the totals for each selected income type in the tables that appear.

Income

Enter year-end totals for each applicable income type. Enter the total amount separately for each type of income you earned.

Income from Selling Goods (include GST/HST) *

Total income from products you sold this tax year

Income from Services (include GST/HST) *

Total income from professional or other services you provided this tax year.

Other Income (include GST/HST)

Total other income for the year not captured above, e.g., rental or investment.

Other income (specify)

Example: interest income, referral fees

Rental Income (Separate Form)

Only rentals with extra services (cleaning, security, meals, etc.) are considered a business. Otherwise, report residential rentals on our Rental Income Form.

Please complete this form instead – Rental Income Form

Cost of Goods Sold

Enter totals for all products sold this year. If you don’t track inventory or direct costs, leave these fields blank or enter 0, and proceed to the next section.

Enter Beginning Inventory

Enter Purchases made during the year

Enter Direct Costs to Get Products Ready for Sale

Direct costs = extra costs to get the product ready for sale (e.g., shipping, import duties, brokerage, required packaging)

Enter Ending Inventory

Business & Professional Expenses

Enter all expenses related to your income-earning activities this year.

(Include only business/professional-related expenses. Retain receipts for atleast 6years for CRA verification.)

Business & Professional Expenses

Click Add button to add rows. Select Expense Category from drop-down list.

GST/HST) and use

Expense Category *

Choose the expense category. Use “Other expenses” if not listed and describe it in Notes.

Amount *

Enter the total expense amount for the year.

Notes (optional)

Provide optional clarification or description, especially if “Other expenses” is selected

Business/Professional – Vehicle Expenses

Did you use a motor vehicle for business purposes during the tax year? *

Note: Claiming vehicle expenses requires a detailed driving log showing total and business kilometres. If you don’t have a log, you can provide a reasonable estimate. Free mileage-tracking apps are available in your app store to help next year.

Vehicle Mileage

Click + to add a row per vehicle. Enter total and business km for the year.

Vehicle Details *

Enter the make, model, and year of each vehicle used

Total km for the year *

Enter the total kilometers driven for all purposes during the year for each vehicle.

Total business km *

Enter the business kilometers driven last year.

Business Activity *

Select type of business activity this vehicle was used for.

Business/Professional Vehicle Expenses

Click Add button to add rows. Select Expense Category from drop-down list.

Vehicle Expense Type *

Choose the expense category. Use “Other expenses” if not listed and describe it in Notes.

Amount *

Enter the total expense amount for the year.

Notes (optional)

Notes (Optional): Briefly describe the “Other” expense, if selected.

Vehicles Used in Business/Profession (Existing & New Purchases)

Prior‑Year Motor Vehicles Used for Business

Enter the details of any motor vehicles purchased in prior years that were used for business purposes during this tax year

Vehicle Details *

Make, Model and Year

Date/Year Purchased *

Enter the date and year the vehicle was purchased

Purchase Price *

Enter purchase price of vehicle before sales taxes (GST/HST)

Did you have any motor vehicles that were purchased in a prior year and used for business during this tax year?” *

If applicable, selecting “Yes” helps us maximize your vehicle expenses deductions and optimize your tax outcome.

Upload Vehicle Worksheet

If you owned this vehicle in a previous year, please upload last year’s Vehicle CCA summary from your T1 Vehicle CCA Worksheet. If you’re not sure, you can skip this section.

Upload prior-year vehicle CCA worksheet from your T1 (if vehicle expenses or CCA were claimed).

Upload Vehicle CCA Worksheet

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Document Upload Confirmation

I confirm uploading all required documents

Vehicles Purchased During The Tax Year

Did you purchase any motor vehicles for business purposes this tax year?

Enter details of the vehicle (s) purchased during the Year

Include vehicles purchased during the current tax year

Vehicle Details *

Make, Model and Year

Date Purchased *

Enter the date the vehicle was purchased

Purchase Price *

Enter purchase price of vehicle before sales taxes (GST/HST)

Did you sell or dispose of any motor vehicles used for business purposes this tax year?

Vehicle Sold/Disposed During the Year

Enter vehicles sold or disposed during the tax year

Vehicle Details *

Vehicle Make, Model & Year

Disposal Date *

Proceeds of Sale ($) *

Original Purchase Price

Enter the amount you paid when the asset was first bought excluding any GST/HST.

Did you use part of your home for business during the tax year? *

Home Office Expenses

Please provide details of any expenses related to maintaining a workspace in your home used for business purposes

Work-space Details & Related Expenses

Business Name

Area of Workspace (in sqm) *

Enter area of the space in your home used for workspace (in square meters)

Total Area of Home (in sqm) *

Enter the total area of your home (in square meters)

Percentage of time spent working from home

Work-from-Home Percentage *

Enter the percentage of your total work time that was spent working from home during the year. This should reflect the portion of your job duties performed from home.

Home-Office Expenses

Click Add button to add rows. Select Expense Category from drop-down list.

Expense Type *

Choose the expense category. Use “Other expenses” if not listed and describe it in Notes.

Amount *

Enter the total expense amount for the year.

Notes (optional)

Notes (Optional): Briefly describe the “Other” expense, if selected.

Business/Professional – Partners' Details

Enter other partners’ details

Spouse

Spouse First Name

Last Name

Street Address

City

Province

Postal Code

Percentage Share

Other Partners' Details

Partner Name

First Name

Last Name

Street Address

City

Province

Postal Code

Percentage Share

Other Business Capital Assets CCA

Do you have any capital assets (computers, equipment, furniture) purchased in prior years that were used for business this tax year? (e.g., computers, furniture, machinery) *

If applicable, select “Yes” and including prior year assets still in use.

Prior‑Year Capital Assets Used for Business (excluding vehicles)

Enter capital assets used for business purposes Add rows only if applicable. New clients: include prior-year assets still in use.

Asset Description

e.g., Office Chair, HP Laptop, Renovating rented office, Installing new shelving

Date/Year Purchased

Enter day / month /year purchased

Purchase Price

Enter the purchase price (exclude GST/HST) of the asset at the time of acquisition

%age of Business Use

Percentage of asset used for business (exclude personal use)

Upload Prior Year T2125 CCA Summary- Summary of CCA ForBusiness or Professional Activities

For capital assets owned in prior years, please provide last year’s CCA details from the T2125 of your T1 tax return.

Upload prior-year T2125 CCA Summary from your T1 (if vehicle expenses or CCA were claimed).

Upload LastYearBusinessCCA_Summary(T2125)

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Document Upload Confirmation

I confirm uploading all required documents

Did you purchase any capital assets (computers, equipment, furniture) for business purposes this tax year? *

If applicable, select “Yes” and including prior year assets still in use.

Capital Assets Purchased During the Year

Enter Capital Assets (excluding vehicles) acquired during the tax year. Click Add to enter more assets, and choose Type

Asset Description *

Briefly describe what was added or improved (e.g. HP Laptop)

Type *

For capital improvements, enter only items that increase an asset’s value or extend its life. Excludes minor repairs.

Date of Purchase *

Purchase Price *

Enter the purchase price (exclude GST/HST) of the asset at the time of acquisition

Percentage of Business *

Percentage of asset used for business (exclude personal use)

Did you sell or dispose of any any capital assets (computers, equipment, furniture) for business purposes this tax year?

Assets Disposed During the Year

Enter Capital Assets (excluding vehicles) sold or disposed of during the tax year. Click Add to enter more assets, and choose Type

Asset Description *

Briefly describe the asset disposed (e.g. photocopier)

Date of Disposal *

Proceeds from Disposal *

Enter the total proceeds from the disposal

Original Purchase Price

Enter the amount you paid when the asset was first bought excluding any GST/HST.

GST /HST Filing Service

Would you like us to prepare and file your GST/HST returns for this fiscal year? *

How often do you file GST/HST returns?

Annually
Quarterly
Monthly
Not sure

HST/GST collected on sales/services *

Enter the amount of HST/GST you collect on sales or services. TIPS — If you’re unsure of the exact numbers, provide an estimate based on your records or sales receipts

Total HST/GST paid on business expenses *

Enter the total amount of HST/GST paid on business expenses. TIPS — If you’re unsure of the exact numbers, provide an estimate based on your records or receipts

GST/HST Paid on Capital Asset Purchased

Enter the GST/HST paid on capital asset purchases (vehicles, equipment, tools, computers). (Please keep invoices — CRA often asks for these.)

Any unfiled GST/HST returns from prior years? *

Enter the period(s), if known. We will confirm the filing status with CRA.

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