General Income Tax and Benefit Guide - 1999

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Lines 135 to 143 - Self-employment income

Enter on the appropriate line your gross and net income or loss from self-employment. If you have a loss, show it in brackets. Include with your paper return a statement showing your income and expenses.

If your fiscal period does not end on December 31, 1999, the guide called Reconciliation of Business Income for Tax Purposes will help you calculate the business income to report on your 1999 return. If you filed Form T1139, Reconciliation of 1998 Business Income for Tax Purposes, with your 1998 return, you usually have to complete the 1999 version of this form and attach it to your paper return.

Note
You may have to make Canada Pension Plan contributions on your self-employment earnings. See line 310 for details.

The following guides contain additional information and forms you may need to help you calculate your self-employment income:

• Business and Professional Income (Form T2124, Statement of Business Activities, and Form T2032, Statement of Professional Activities)
• Fishing Income (Form T2121, Statement of Fishing Activities)
• Farming Income (Form T2042, Statement of Farming Activities) or Farming Income and NISA (Form T1163, Statement A - NISA Account Information and Statement of Farming Activities for Individuals, and Form T1164, Statement B - NISA Account Information and Statement of Farming Activities for Additional Farming Operations)

Note
If you are participating in the net income stabilization account (NISA) program and you are filing a paper return, use the envelope contained in the guide called Farming Income and NISA.

If you use your home for day care, the pamphlet called Using Your Home for Day Care has more information.

Generally, if you were a limited or non-active partner, you enter your net income or loss on line 122. However, if your net income or loss is from a rental operation, you enter the amount on line 126. If it is from a farming operation, enter it on line 141.

If you were an active partner and received a T5013 slip, report the amount from box 18 on the line of your return shown in box 05. This is your share of the partnership's income or loss. Also report the partnership's gross income as shown in box 29. Attach the T5013 slip to your paper return. If you did not receive this slip, you should attach the applicable self-employment form indicated above, or your financial statement.

For more information, contact the Business Enquiries section of your tax services office. For the address and telephone number, see the listings in the government section of your telephone book.

If you have a tax shelter, see "Tax shelters" on page 12.

Date modified:

2002-12-10