If your business is a sole proprietorship or partnership, you can use Form T2125, Statement of Business or Professional Activities to report your income and expenses. This from is included in your T1 income tax form package.
If you are in farming or fishing industry, use one of the following forms instead of Form T2125:
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- Form T2042, Statement of Farming Activities;
- Form T1163, Statement A – AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Individuals;
- Form T1164, Statement B – AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operations;
- Form T1273, Statement A – Harmonized AgriStabilitity andAgriInvest Programs Information and Statement of Faming Activities for Individuals;
- Form T1274, Statement B – Harmonized AgriStability and AgriInvest Programs Information and Statement of Farming Activities for Additional Farming Operation; and
- Form T2121, Statement of Fishing Activities