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S
seanflannery11
March 17, 2023
Question

Whats my business income

  • March 17, 2023
  • 1 reply
  • 0 views
do I include money spend on material

    1 reply

    T
    there_hey
    March 17, 2023

    As per the Canada Revenue Agency (CRA), business income is income you earn from a profession, a trade, a manufacture or undertaking of any kind, an adventure or concern in the nature of trade, or any other activity you carry on for profit and there is evidence to support that intention.  For example, income from a service business is business income. Business income does not include employment income, such as wages or salaries received from an employer.

     

    For more information, please visit the Canada Revenue Agency (CRA) link: Business income

     

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