Sole proprietorships and partnerships

Self-employment income is reported on the T1 General return on line 135 to line 143 and may be earned from a business you operate yourself as a sole proprietorship or with someone else as a partnership.

The topics below contain information about business income (lines 135 and 162), professional income (lines 137 and 164), and commission income (lines 139 and 166).

There is specialized information for sole proprietorships or partnerships involved in unique types of business operations. See Farming or Fishing, if your business involves these activities. See Rental income if your income is from a property.

If your business is incorporated, please see Corporations.

What's new for sole proprietorships and partnerships

My Payment is a new payment option that allows individuals and businesses to make payments online, using the Canada Revenue Agency’s Web site, from an account at a participating Canadian financial institution. For more information on this self-service option, go to My Payment.

Forms and publications

• Business and Professional Income guide (T4002)
• Form T2125, Statement of Business or Professional Activities
• Business Consent Form (RC59)

Related topics

• Authorize a contact person / representative
• Tax payments
• Instalment payments
• Tax Shelters