Skip to main content
April 30, 2025
Question

in discounts allowances and returns. do i count the money lost to the discount or the amount purchased with use of a discount?

  • April 30, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    April 30, 2025

    Hello!

    On your T2125, in the income section (Part 3A, Line 3B), you put the discounts and allowances offered to your clients if it's included in Line 3A("the money lost to the discount");

    In the expense section(Part 3D, Line 8320), you put your purchases during the year net of returns, allowances and discounts ("the discount you received")