T2125FederalTax

Statement of Business or Professional Activities

Statement of Business or Professional Activities

About this form

Used by self-employed individuals and freelancers to report business income and deductible expenses. Filed with the T1 return.

Used by self-employed individuals and freelancers to report business income and deductible expenses. Filed with the T1 return.

Who needs this form

Self-employed individuals, freelancers, and sole proprietors

What's in this form

  • Business information (industry code, address)
  • Business income
  • Deductible business expense details
  • Vehicle expenses (if used for business)
  • Home office expenses
  • Net business income calculation

Published by

Canada Revenue Agency (CRA)