T2 sch 125 2026

1. Click ‘Get Form’ to open the t2 sch 125 in the editor.
2. Begin by entering the corporation's name and business number at the top of the form. Ensure that you also specify the tax year-end date.
3. In the 'Non-farming revenue' section, input your total revenue amounts in the designated fields. Use field codes provided for clarity.
4. Next, fill out the 'Non-farming expenses' section, detailing costs such as operating expenses and cost of sales. Make sure to reference field codes for accurate reporting.
5. If applicable, complete the 'Farming revenue' and 'Farming expenses' sections using their respective field codes. This is crucial for accurate income reporting.
6. Review all entries for accuracy before saving your work. If additional space is needed, attach supplementary schedules as required.

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