Reconciliation of business income - T1139If you are self-employed, you should use form T1139 only if you have made one of the following choices:
a) If your first fiscal period ending during the current tax year does not end on December 31st, or
b) If you completed this form last year.
For more information and instructions on completing this form, consult the CRA's guide RC4015, "Reconciliation of Business Income for Tax Purposes".
You can visit the following link:
If you want to enter the additional income until December 31st of the taxation year, please follow these steps:
1. On the page "T2125 - Business identification" of the "Left side menu on the Interview tab", enter the start date and end date of the fiscal year for your business;
2. On the ''Self-employment income'', of the ''Left side menu on the Interview tab'' choose ''Adjustment for non-December 31 year-end'' sub-section, and on the page that appears, enter the relevant information.
Otherwise, the program will perform the calculations for you on form T1139, including additional income for the period from the end of financial year to December 31st.
The program will generate federal form T1139 and, for Quebec residents, the Quebec form TP-80.1.
ID: 20191002162734NIXX.xml
Webpage: KPA320-20191002162734NI.htm