T2125 — Statement of Business or Professional Activities
To report self-employment income and expenses with your income tax return.
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Canada Revenue Agency (CRA)TaxGuide
To ask the CRA to cancel or waive penalties and interest because of extraordinary circumstances, financial hardship or CRA error.
The form is downloaded and submitted on the authority's website.
Explain why you are requesting relief from penalties or interest, with the years and amounts involved.
Any document supporting your request: medical certificates, proof of a disaster, a statement of income and expenses in case of financial hardship
Follow the filing instructions on the form or the official page: depending on the form, you give it to someone else (employer, medical practitioner), submit it online through My Account, or mail it.
The information on this page is general. If in doubt, the official source prevails.
To report self-employment income and expenses with your income tax return.
TaxView guide