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H
hone685878
April 18, 2022
Question

Are my Professional Fees considered the same as my Sales (Gross Income)?

  • April 18, 2022
  • 1 reply
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    1 reply

    C
    Carolina_22
    April 20, 2022

    No. Professional Fees are what is reported by "Professionals" (doctors, lawyers, accountants, etc…) who provide services rather than goods (T2125 Part 3B). 

     

    “Sales (Gross Income)” is what is reported by other types of businesses (T2125 Part 3A).

     

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