T2125 Statement of Business and Professional Activities - Video

Updated: 2025-03-24

Get started with the basics of preparing a T2125 business statement in TaxCycle T1. Learn how to:

Create the T2125 form set
Find and enter industry codes
Apply income reported on a T4 slip or T4A
Claim expenses against income on T5013 slip
Enter business-use-of-home expenses
Import information from Excel or Xero
Complete the T1139 for alternate fiscal periods
Allocate a partnership share to a spouse or partner
Smart Copy/Paste to the partner’s T2125
Trigger the T2203 multiple jurisdiction calculation

Date of broadcast: March 21, 2024
Presented by: Parminder Kaur