T4 Information

Forum|Forum|11 months ago
April 4, 2025
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I am a student trying to file taxes on my own. I have received a T4 slip from the university as I did a honorarium based role for them which amounts more than $500 in the service fee column of the document. The filing system is asking me to input what kind of service I provided with options being- Business Fess, Professional fees, Commission fees, Farming fees and fishing fees. If I select any of the first two, it is considering me as self-employed and asking me to add all the information regarding that. But I don't think I am self-employed. So how do I navigate through this?

TurboTaxSusan

If you've entered an amount from any of the boxes on the slips listed here, you have what the CRA considers to be self-employment or business income:

T4 slip: box 81, 82 or 83
T4A slip: box 20 or 48
T4A slip: box 28 and you answered Yes to the question Does the income declared in Box 028 consist of fees collected for services you provided? in TurboTax Online
T3 slip: box 24 (foreign business income)

If you have an amount in any of these boxes, TurboTax will ask additional questions to report the income as self-employment/business income. You only need to answer basic information, such as business name and address (can be your own), industry code, and fiscal period (Jan 01 to December 31).