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April 30, 2024
Question

If I have all my income reported on a T4A slip, what do a I put in the professional fees box? Just my GST?

  • April 30, 2024
  • 1 reply
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    1 reply

    TrentS
    April 30, 2024

    Hi @loanedwolf - Trent here from TurboTax to help!

    If the income reported on your T4A slip is related to a Self-Employment income you will have to complete a T2125 Form (Self-Employment Income) and there you can enter all the expenses and other information that are required to complete your return. 

    Here are some links that might help:
    https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/completing-form-t2125.html 
    https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2125.html