CanadaGuideNo. TD1
TD1 — Personal Tax Credits Return
The form your employer or payer uses to work out how much tax to deduct from your pay.
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Canada Revenue Agency (CRA)TaxGuide
T2125 — Statement of Business or Professional Activities
To report self-employment income and expenses with your income tax return.
The form is downloaded and submitted on the authority's website.
What this form is for
Calculate the net income of a sole proprietorship or professional practice: gross income, allowable expenses, capital cost allowance.
Documents to have ready
- Your sales invoices and income records
- Receipts for business expenses
- A list of your depreciable property
Where to send it
It goes with your income tax and benefit return. If you file online, your certified software includes it.
Our tips
- Always download the latest version from the official page: tax forms often change from year to year.
- Keep a copy of everything you send, with the date you sent it.
Frequently asked questions
- Do I need one form per business?
- Generally yes: a separate statement per business. The official guide covers special cases (partnerships, several activities).
The information on this page is general. If in doubt, the official source prevails.
Related forms
- CanadaGuideNo. RC4288
RC4288 — Request for Taxpayer Relief
To ask the CRA to cancel or waive penalties and interest because of extraordinary circumstances, financial hardship or CRA error.
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