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How do I report my self-employment income on a T2125?
WebMar 22, 2024 · business and professional income earned; Your cost of goods sold and your gross profit; ... According to the Canada Revenue Agency, if your home office takes up 10% of the total floor space, you can deduct 10% of home maintenance costs, including home insurance, utilities and cleaning materials. You can also claim depreciation … WebThose who earn income from Business or Profession are subject to a Slab Rate that is applicable to them. The slab rates that are applicable for FY 2024–20 and AY 2024–21 are as follows: A further 4% Health and … fortnite action figures 2023
What Is The Difference Between Business & Professional Income?
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