Completing Form T2125

You can use Form T2125, Statement of Business or Professional Activities, to report your business and professional income and expenses.

This form can help you calculate your gross income and your net income (loss), which are required when you complete your General income and benefit return.

If you have both business and professional income, you have to complete a separate Form T2125 for each. You also have to complete a separate form for each business or professional activity you have, if you have two or more of either. For more information, see Interpretation Bulletin IT-206, Separate Businesses.

Note

We suggest that you print a copy of the form, it will make it easier for you to follow the instructions on how to calculate your income and expenses.

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