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Webinar (Zoom)
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Workshops and Seminars

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Register via:  https://us06web.zoom.us/webinar/register/WN_O6Mqlsu-TEKEPEOE1O8jjg

2022 Income Tax Preparation  

for 

Sole Proprietors and Partnerships 

Carey McMaster of Traicon will lead participants through the process of completing their 2022 Income Tax Return to report self-employed business income and expenses. 

In this webinar we will cover: 

• Setting Up a My Business Account with CRA 
• Submitting Your Personal and Self-employment Income Tax Remittance Online 
• Completing the Statement of Business or Professional Activities T2125 (copy attached) for 2022 Income Tax Filing 

• Part 1 – Identification 
• Part 2 – Internet Business Activities 
• Part 3 – Business & Professional Income 

• Part 3C – Claiming Grants 
• Part 3D – Cost of Goods Sold & Gross Profit 

• Part 4 – Net Income Before Adjustments 
• Part 5 – Your Net Income 
• Part 6 – Other Amounts Deductible From Your Share of Net Partnership 
• Part 7 – Calculating Business-Use-of-Home Expenses 
• Part 8 – Details of Other Partners 
• Calculation of Capital Cost Allowance (CCA) 
• Claiming Motor Vehicle Expenses 

• Common Income Tax Errors Made by Small Business 
• Financial Performance Benchmarks 

Resources: 

• Self-Employed Tax Preparation Checklist 
• Self-employed Business, Professional, Commission , Farming, and Fishing Income Guide T4002     
• Statement of Business or Professional Activities T2125   
• Statement of Farming Activities T2042  (if applicable) 
• Statement of Fishing Activities T2121  (if applicable) 
• FREE CRA Approved Online Income Tax Filing Software

Registration Link:

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Cost:

0

Contact Name:

Entrepreneur Centre