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Access the form in the PDF editor without uploading anything.

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Fill in your personal and business information accurately.

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List all sources of business income.

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Deduct all allowable business expenses.

Step 05

Calculate your net income or loss.

Step 06

Submit the completed form with your T1 Federal Income Tax Return.

Canada Revenue Agency - Form T2125

What is a T2125 (2024) used for?

Form T2125 is used by self-employed individuals and partnerships in Canada to report business income and expenses to the Canada Revenue Agency (CRA). Completing this form accurately is important as it affects tax liabilities and potential refunds.

Who needs to fill out a T2125 (2024) form

Self-employed individuals and partnerships in Canada who earn income from business or professional activities.

What is Form T2125?

Form T2125 is used by self-employed individuals to report their business income and expenses to the CRA.

Who is required to file Form T2125?

Self-employed individuals and partnerships earning income from business or professional activities must complete this form.

When is Form T2125 due?

The form is due by June 15 of the year following the income tax year, but any owed taxes must be paid by April 30.

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