Reconciliation of business income - T1139
If you are self-employed, you should use
form T1139 only if you have made one of the
following choices:
a) your first fiscal period ending during the current tax year
does not end on December 31st;
b) 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:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/changes-your-business/change-fiscal-year-end.html
If you want to enter the additional income until December 31st
of the taxation year, please follow these steps:
Go to the section ''Self-employment income'' from the
"Left side menu on the Interview tab".
In the subsection "Identification", enter the start date
and end date of the fiscal year for your business;
In the subsection ''Adjustment for
non-December 31 year-end", 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: 20200107170321NI.xml
Webpage: KPA320-20200107170321NI.htm
