How to File Taxes as an Independent Contractor in Canada Using Form T2125

How to File Taxes as an Independent Contractor in Canada Using Form T2125

Independent contractors in Canada report self-employment income on a T1 personal return using Form T2125 (Statement of Business or Professional Activities). You enter gross revenue, subtract eligible business expenses, and the result becomes your net self-employment income (or loss) for the year. A separate question is GST/HST: if you stop being a “small supplier,” you […]

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