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Completing Form T2124

To report your business income and expenses, you have to complete the Form T2124, Statement of Business Activities.

This is the generic form to report any business activities except professional businesses.

It allows you to calculate your gross income and your net income (loss), which are required to obtain your taxable income when you complete your General income tax and benefit return.

Note
We suggest that you print a copy of the form, it will make it easier for you to follow the instructions on how to calculate your income and expenses.

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Date Modified: 2007-01-02

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