Statement of business activities 2026

1. Click ‘Get Form’ to open the statement of business activities in the editor.
2. Begin by filling out the identification section. Enter your name, social insurance number, business name, and address details accurately.
3. Indicate your fiscal period by entering the start and end dates. Ensure that you specify if 2008 was your last year of business.
4. In Part 1, if you have business income, tick the appropriate box and provide details on sales, commissions, or fees. Deduct any applicable taxes and discounts to calculate adjusted gross sales.
5. If applicable, complete Part 2 for professional income by detailing professional fees and adjusting for taxes and work-in-progress.
6. Proceed to Part 3 to summarize your gross business or professional income. Make sure to enter this amount on the correct line of your tax return.
7. Complete Parts 4 through 6 as necessary, detailing costs of goods sold, net income calculations, and any other relevant expenses.

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