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April 29, 2023
Question

Do I only submit expenses for a sole proprietor business for the months is was open? We closed the business on April 30th 2022

  • April 29, 2023
  • 1 reply
  • 0 views
Does the closure affect how I input the fiscal year?

    1 reply

    ailict
    May 1, 2023

    Yes, you only submit the expenses for the months the business was open. On Form T2125 input the period that the business was active and there should be a checkbox to indicate that the business closed that you will check!