T2125 Business Statements

Updated: 2019-08-16

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

• Create a T2125 form set (3:26)
• Type of business activity (7:47)
• Alternate year-ends and T1139 (8:35)
• Find and enter industry codes (13:00)
• Bring in income reported on a T4 or T5013 slip (14:53)
• Import data from Excel® (20:06)
• Enter business-use-of-home expenses (26:19)
• Allocate a partnership share (27:55)
• Smart copy/paste statements between partners (31:05)
• Trigger a T2203 for multiple jurisdictions (33:30)

Date of broadcast: March 19, 2018
Presented by: Elizabeth Kohl