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Click ‘Get Form’ to open the Statement of Business or Professional Activities (T2125) in the editor.
Begin with Part 1 – Identification. Fill in your name, social insurance number, business name, and address. Specify your fiscal period dates and indicate if this was your last year of business.
In Part 2 – Internet Business Activities, enter the number of web pages generating income and provide up to five main website addresses. Indicate the percentage of gross income from these sources.
Proceed to Part 3A for Business Income or Part 3B for Professional Income. Enter gross sales or professional fees, along with any applicable adjustments like GST/HST.
Complete Parts 4 and 5 for net income calculations and deductions. Ensure all expenses are accurately recorded to reflect your business operations.
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Then, you must submit the 2024 Canadian T5013(s) and T2125(s) for each business/farm via the Application Requirements on the SFS Self-Service Portal.Read more
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