T1 vs T2

Forum|Forum|1 year ago
April 6, 2024
2 replies
0 views

I need to file T1 form, but at the same time I need to file T2 form cause I have a corporation, so what should I put information in T1 form? Employed, not Employed,.....?

Best answer by TurboTaxSusan

Sure, if you would like.

TurboTax is asking you if you worked because it needs to know what pages to show you ex: T4, T4A, Employment Expenses, etc.. If you would like to answer Yes, that's fine. It won't change anything on your return unless you check something off.

InnaE

It would be best to contact the Canada Revenue Agency for the clarification on your specific situation.

TurboTaxSusan

@SB98 You would answer based on however you are paid by your corporation. If it pays you a salary and issues you a t-slip, then you are employed. If you get dividends then you are not employed.

SB98Author

Thanks. I get dividends. My confusion is how to fill out the T1. It asks if I worked in 2023. I assume I say yes even though I am not considered an emloyee. So Do do I say yes and leave everything else blank?