Lines 13499 to 14300 - Self-employment income

Report your gross and net income (or loss) from self-employment income on lines 13499 to 14300 of your return. If you have a loss, show it on the applicable line in brackets.

If you received a government loan, the loan is not taxable but you have to include in your business income any portion of the loan that is forgivable in the year received.

If you received a subsidy, you must report it on your return for the tax year that you are considered to have received it in.

A subsidy under the Canada Recovery Hiring Program (CRHP), Tourism and Hospitality Recovery Program (THRP) or Hardest-Hit Business Recovery Program (HHBRP) is generally considered to have been received on the last day of the claim period it relates to.

You have to file Form T1139, Reconciliation of 2023 Business Income for Tax Purposes, with your 2023 return to keep a year-end that does not finish on December 31, 2023.

Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income, includes information you may need to calculate your selfemployment income, including enhanced capital cost allowance (CCA) calculations for certain property (for example, eligible zero-emission vehicles purchased after March 18, 2019).

If you were a limited or non-active partner, report your net income (or loss) from rental operations on line 12600 of your return and your net farming income (or loss) on line 14100 of your return. Report other net income or losses on line 12200 of your return.

If you were an active partner and you received a T5013 slip, report on your return the gross amount from boxes 118, 121, 123, 125 and 127. Report your share of the partnership's net income (or loss) from boxes 101, 103, 116, 120, 122, 124 and 126 on the applicable lines of your return. If you did not receive a T5013 slip, follow the instructions on the applicable self-employment form and report your share of the partnership's net income (or loss) on the applicable self-employment line of your return.

Attach to your paper return a copy of the applicable selfemployment forms or the partnership's financial statement showing your income and expenses.

For more information, call the CRA at 1-800-959-5525.

If you have a tax shelter, see "Other amounts you have to report on your return" on page 16.

See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required): Lines 13499 to 14300 - Self-employment income

5