TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

How do I enter a T5018 if im not the owner of a business

Forum|Forum|2 years ago
April 30, 2023
1 reply
0 views

No text available

Hi there!

Treat the T5018 you received as record of at least some of the income that you will need to report in your tax return.

Box 22 of the T5018 shows the total amount of payments made by a contractor in their selected reporting period.

For unincorporated entities, the income should be reported on Form T2125, Statement of Business or Professional Activities, as revenue on line 4A. This amount is then reported on line 13499 on your Income Tax and Benefit Return. Since the contractor’s fiscal period may differ from the calendar year period which unincorporated entities must use, reconciliation may be required.