Completing Form T2125
You can use form T2125, Statement of Business or Professional Activities, to report your business and professional income and expenses.
For more information on how to fill out Form T2125, go to guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income.
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, go to Interpretation Bulletin IT-206R, Separate Businesses.
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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