Question

Are my professional fees my total revenue from counselling?

Forum|Forum|4 years ago
April 10, 2022
1 reply
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Yes, the total income that you received from your counseling services would be considered professional fees.

Canada Revenue Agency mentions on this page Line 8860 – Professional fees that your professional income includes all fees you receive for goods or services you provide. These fees include money or other goods that have bartering or monetary value (such as credit units). Bartering means when two people agree to exchange goods or services without using money".

For more information on professional fees please visit this page of the Canada Revenue Agency: - Self-employed Business, Professional, Commission, Farming, and Fishing Income

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