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Rita Form 48

Rita Form 48

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Video instructions and help with filling out and completing Rita Form 48

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Instructions and help about Rita Form 48

Hello, welcome to my channel. In this video, I will explain how to report  T4A Box 48 income on T2125 using UFile. If you receive a T4A with Box 48  amount, you have self-employment income. This means you have to complete the form T2125  Statement of Business or Professional Activities. However, please keep in mind you may not  receive a T4A from every company or client. Even if you didn’t receive a T4A, you  still have to report all of your income. If your situation is very complex, I would  recommend you to consult with a professional   accountant or tax preparer, to ensure you are  reporting your income and expenses correctly. The tax return filing deadline for  individuals with self-employment income, and spouse/ common-law partner of  self-employed individuals is June 15; however, if you have any taxes payable,   you have to pay your taxes before  April 30 to avoid interest charges. Let’s go to UFile. I am not going to discuss the basic setup   in UFile, as I h

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