Alberta - File Business or Professional Income

Advertisement

Procedure

Apply In-Person:

1. To file Business or Professional Income in person, the applicant has to visit the office of Canada Revenue Agency that is nearest to their location.
2. Address and contact details can be found in the following Contact link
3. Visit the office as applicable and obtain the Form T2125-Statement of business or professional activities, from the relevant department.
4. Application form download links are also available below:
   • PDF
   • PDF fillable/saveable
   • E-text
5. Complete the application form with all the required details and information in the respective fields.
6. After that, the applicant should attach the documents listed in the “Required Documents” section of this page, with the completed form.
7. Then, submit the application form and required documents to the relevant official at the office. The application process is free.
8. On receiving the completed form and the required information, the respective official will assess the submitted information and proceed to file the Business or Professional Income.

Apply through mail:

1. To file Business or Professional Income through mail, the applicant has to send an application to the office of Canada Revenue Agency that is nearest to their location.
2. Mailing addresses for various provinces can be found in the following Mailing addresses
3. First download the Form T2125-Statement of business or professional activities, from the links given below:
   • PDF
   • PDF fillable/saveable
   • E-text
4. Complete the application form with all the required details and information in the respective fields.
5. After that, the applicant should attach the documents listed in the “Required Documents” section of this page, with the completed form.
6. Then, send the application form and required documents to the respective mailing address. The application process is free.
7. On receiving the completed form and the required information, the respective official will assess the submitted information and proceed to file the Business or Professional Income.

Advertisement

Required Documents

• Completed T2125 form
  • PDF
  • PDF fillable/saveable
  • E-text
• Income Tax and Benefit Return
• Any supporting document (as instructed)

Office Locations & Contacts

Canada Place,
Floor Main,
9700, Jasper Avenue,
Edmonton,
AB T5J 4C8
Phone: +1 800-959-8281
Fax: 780-495-3533
Website link
Contact link

Eligibility

• Any individual in Alberta, who is involved in any business or professional activity and is eligible for a benefit return, can apply.

Fees

• The filing process is free.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Different formats of the application form can be found below:

• PDF
• PDF fillable/saveable
• E-text

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Please explain processing time taken in obtaining the document/certificate.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• The applicants should complete the application form with all the mandatory details provided with absolute legibility.
• The applicants are advised to attach all the required documents without any insufficiency, to avoid rejections and delay in processing.
• If the applicant has both business and professional income, they have to complete a separate Form T2125 for each. They also have to complete a separate form for each business or professional activity, if they have two or more of either.

Required Information

• Name of the applicant
• Social Insurance Number
• Business name, number and address
• City, province and postal code
• Fiscal period and other business details
• Particulars of Internet business activities
• Business and professional income details
• Cost of goods sold and gross profit
• Net income (loss) before adjustments
• Other deductible amounts
• Details of other partners
• Equity details
• Capital cost allowance (CCA) claim details
• Motor vehicle expenses
• Available interest expense
• Other relevant details

Need for the Document

• Statement or Filing of Business or Professional Activities is required to report the business and professional income and expenses.
• It also helps to calculate the gross income and the net income (loss), which is required for filing the Federal Income Tax and Benefit Return.

Information which might help

• Refer for other services and information Services and Information

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

• T1 income tax package
  

Others

More information which might help people.