How I Do My T2125 Statement of Business or Professional Activities

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Title	:	How I Do My T2125 Statement of Business or Professional Activities
Lasting	:	45.38
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Views	:	6,8 rb

Hey NaomibrI am an experienced Bookkeeper and I still found your video helpful Great to see how other professionals handle different situations Thank you!
Comment from : Helen Tudway-Cains

Hello Naomi What CCA class are camera lenses? Lets say, I bought a lot of 5 lenses on Ebay for $1100, is it class 8? Because each lens cost less than $500 or it is considered as a lot all together? Thanks!
Comment from : GoFishing International

Thank-you so much for your detailed explanations! I have been self-employed since 2020, and have missed claiming so much! Can I claim back for prior years?
Comment from : Lyla Drayson

Hello Naomi, If I am not mistaken, I can claim business expenses 3 later after they occur, correct? I had expenses 2022, should I reflect them in 2022 T2124 form if I want to claim them in 2025? Or should I just put 0 to all expenses? brThank you very much! )
Comment from : GoFishing International

Hi Naomi, This was such a helpful video I'm doing my taxes after having an accountant handle it and am realizing that there were things that could have been claimed that weren't What I'm finding most confusing is the CCA for a vehicle Your explanation is great, but I'm confused about how to add it in now, when it wasn't claimed before and also how to enter that data as you showed in your video into the T2125
Comment from : Gillian Escalante

Hi Naomi my family member just wants to declare cash and has no expenses or any business name etc He just does side labour and training
Comment from : Edwin Sugiono

is amortization an expense that should be on the t1215
Comment from : randomrazr

how can I proof to CRA, that I spent certain amount of fuel for my business and not other needs? can fuel related to running YouTube channel (as means of marketing of my products) be considered as business expenses?
Comment from : GoFishing International

Thank you SO much Naomi!! I am newly self employed and have been avoiding this task I appreciate your videos so much, and will be going through all your videos :)
Comment from : A P

You are amazing! U explain things very clear Thank you so much I really wish your channel grow Very honest and value content I hope it never change and if u do that is for good!
Comment from : Justinsaurius

Thank you so much Naomi! This video is very helpful brI have a cleaning business and I regularly purchase clients (leads) from door to door salesmen Wondering if this is a deductible expense and if so, under which category?
Comment from : Rodrigo Alonso

This video saved me, thank you! I was so confused, but nothing I looked up made sense to me Thank you for a clear and thorough explanation!
Comment from : Word Writer

Hi Your video is very helpful Just want to ask in the Income Section, you take out the net HST from Income to arrive at Net income How about on the expense side, do we need to take out the HST to arrive at the expense For example if a bill cost $113 (cost $100 plus HST $13) Do I need to input this expense as $113 or $100 in the Form 2125 Thanks
Comment from : flora lau

Hi Naomi I'm about to attemp using your spreadsheet I live in Quebec so I guess for the Income portion above I'll have to include both GST and PST box My question is regarding the direct costs, example Meals, Subcontracts, Office Expense, Professional Fees, etcdo I include the amount including taxes or just the amount before tax?
Comment from : Mini

Thank for making it very simple
Comment from : Muftah Dhaw

very helpful Thank you Naomi
Comment from : 小明之加拿大乐生活Mings House

How did you get the 15 regarding ure home office?
Comment from : Fahimeh

great video, very helpful Would be great to have time stamps!
Comment from : Andrea Lothrop

Hey Naomi, this is such a comprehensive walkthrough!brI referred one of my clients to this video so he could have a greater understanding of small business accounting brHe said you are easy to listen to I agree :)brbrThanks for your clear helpful videos!
Comment from : Narita Maharaj

Thank you so much i needed this help so badly!brthis is my first year doing my taxes but have been registered since 2018 brany help to get my 2019 taxes done would be greatly appreciated brcant thank you enough
Comment from : EkkoBullie