I have an individual how has self employed income from more than one activity, do I need to submit a T2125 for each one?

I have a client who has more than one source of self employed income. What is the best way to report? On one T2125 or one for each


Thanks

Answer

It is not the activities which count, but whether it is the same business. If your client has, just for example a brick-laying business and a janitorial operation, which use the same bank account and have multiple expense items which apply to both activities then it could all go on one T2125. But if your client has Business A which tracks all of its activities separately from Business B, and are clearly independent of each other then two T2125s would be justified.

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