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Flag   Canada Revenue
  Agency		   Agence du revenu
  du Canada		 Protected B when completed
Statement of Business or Professional Activities
 
•  Use this form to calculate your self-employment business and professional income.
 
•  For each business or profession, fill in a separate Form T2125.
 
•  Fill in this form and send it with your income tax and benefit return.
 
•  For more information on how to fill in this form, see Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income.
 
 
Part 1 – Identification
    
Your name Your social insurance number
 
Business name Business number
 
Business address City Prov/Terr Postal code
 
Fiscal period Date (YYYYMMDD)   Date (YYYYMMDD)  
  From  to Was this your last year of business? Yes  No 
Main product or service Industry code
(see Chapter 2 in Guide T4002)
 Accounting method Tax shelter identification number Partnership business number Your percentage
 (commission only) Cash Accrual of the partnership %
Name and address of the person or firm preparing this form
 
 
 
 
Part 2 – Internet business activities
  
 If your webpages or websites generate business or professional income, fill in this part of the form.

From how many Internet web pages and websites (including third-party platform websites) does your business earn income?
 Enter "0" if none. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
 
 Provide up to five main web page or website addresses:
 
 http://  
 
http://  
 
http://  
 
http://  
 
http://  
 
 Percentage of your gross income generated from the web pages and websites
 (If no gross income was generated from the Internet, enter "0".) %
 
 
 
T2125 E (23) (Ce formulaire est disponible en français.) Page 1 of 8 Canada Logo
   

Protected B when completed
Part 3A – Business income
Fill in this part onlyif you have business income. If you have professional income, leave this part blank and fill in Part 3B.
If you have both business and professional income, you have to fill out a separate Form T2125 for each.
 
Part 3B – Professional income
Fill in this part only if you have professional income. If you have business income, leave this part blank and fill in Part 3A.
If you have both business and professional income, you have to fill out a separate Form T2125 for each.
Note: You can no longer use the transitional rules which allowed you to include your work-in-progress (WIP) progressively in your income if you had made an
election to exclude your WIP. For more information on the inclusion of WIP in your income, see Chapter 2 of Guide T4002.
 
 
Part 3A – Business income
  
 
  Gross sales, commissions or fees (include GST/HST collected or collectible) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3A
  GST/HST, provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 3A). . . . . . . . . . .  3B
  Subtotal: Amount 3A minus amount  3B  3C
  If you are using the quick method for GST/HST – Government assistance calculated as follows:    
  GST/HST collected or collectible on sales, commissions and fees eligible for the quick method . . . . . .  3D    
  GST/HST remitted: (sales, commissions and fees eligible for the quick method plus        
  GST/HST collected or collectible) multiplied by the applicable quick method remittance rate . . . .  3E    
  Subtotal: Amount 3D minus amount  3E  3F
  Adjusted gross sales: Amount 3C plus amount 3F (enter on line 8000 of Part 3C) . . . . . . . . . . . . . . . . . . . . . . . . .  3G
 
 
 
Part 3B – Professional income
  
 
  Gross professional fees including work-in-progress (WIP) and GST/HST collected or collectible . . . . . . . . . . . . . . . . . . .  3H
       
  GST/HST, provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 3H) . . . . . . . . . . . . . .  3I
  Subtotal: Amount 3H minus amount  3I  3J
  If you are using the quick method for GST/HST – Government assistance calculated as follows:    
  GST/HST collected or collectible on professional fees eligible for the quick method . . . . . . . . . . . .  3K    
  GST/HST remitted: (professional fees eligible for the quick method plus GST/HST collected or        
  collectible) multiplied by the applicable quick method remittance rate . . . . . . . . . . . . .  3L    
  Subtotal: Amount 3K minus amount  3L  3M
  Adjusted professional fees: Amount 3J plus amount 3M (enter on line 8000 of Part 3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3N
 
 
 
Part 3C – Gross business or professional income
  
  Adjusted gross sales (amount 3G) or adjusted professional fees (amount 3N) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8000  
  Reserves deducted last year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8290  
  Other income (specify)*: 8230  
Subtotal: Line 8290 plus line 8230 ►  3O
 
  Gross business or professional income: Line 8000 plus amount 3O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8299  
     
  Report the gross business or professional income from line 8299 on the applicable line of your income tax and benefit return as indicated below:  
  • business income on line 13499  
  • professional income on line 13699  
  • commission income on line 13899  
  * You may have received assistance from COVID-related measures from the federal, provincial or territorial governments. For more information on how to
report COVID-related assistance, go to canada.ca/en/revenue-agency/services/wage-rent-subsidies/report-subsidy-tax-return.html.
 
For Parts 3D, 4 and 5, if GST/HST has been remitted or an input tax credit has been claimed, do not include GST/HST when you calculate the cost of goods
sold, expenses or net income (loss). If you are using the quick method for GST/HST, include the GST/HST paid or payable when you calculate the cost of goods
sold, expenses or net income (loss).
 
 
Part 3D – Cost of goods sold and gross profit
  
  If you have business income, fill in this part. Enter only the business part of the costs.
  Gross business income (line 8299 of Part 3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3P
  Opening inventory (include raw materials, goods in process and finished goods) . . . . . . . . . . . . . . 8300  3Q
  Purchases during the year (net of returns, allowances and discounts) . . . . . . . . . . . . . . . . . . . . . . 8320  3R
  Direct wage costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8340  3S
  Subcontracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8360  3T
  Other costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8450  3U
Subtotal: Add amounts 3Q to 3U    3V
  Closing inventory (include raw materials, goods in process and finished goods) . . . . . . . . . . . 8500  
Cost of goods sold: Amount 3V minus line 8500 8518 ►  
 
  Gross profit (or loss): Amount 3P minus line 8518 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8519  
 
 
T2125 E (23) Page 2 of 8
 

Protected B when completed
 
Part 4 – Net income (loss) before adjustments
  
  Gross business or professional income (line 8299 of Part 3C) or Gross profit (line 8519 of Part 3D) . . . . . . . . . . . 4A
  Expenses (enter only the business part)
  Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8521  4B
  Meals and entertainment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8523  4C
  Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8590  4D
  Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8690  4E
  Interest and bank charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8710  4F
  Business taxes, licences and memberships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8760  4G
  Office expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8810  4H
  Office stationery and supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8811  4I
  Professional fees (includes legal and accounting fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8860  4J
  Management and administration fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8871  4K
  Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8910  4L
  Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8960  4M
  Salaries, wages and benefits (including employer's contributions) . . . . . . . . . . . . . . . . . . . . . . . . . 9060  4N
  Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9180  4O
  Travel expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9200  4P
  Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9220  4Q
  Fuel costs (except for motor vehicles) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9224  4R
  Delivery, freight and express . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9275  4S
  Motor vehicle expenses (not including CCA) (amount 16 of Chart A) . . . . . . . . . . . . . . . . . . . . . . . . 9281  4T
  Capital cost allowance (CCA). Enter amount ii of Area A minus any personal part and any
  CCA for business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9936  4U
  Other expenses   9270  4V
Total expenses: Total of amounts 4B to 4V 9368 ►  
  Net income (loss) before adjustments: Amount 4A minus line 9368 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   9369  
   
 
 
Part 5 – Your net income (loss)
  
  Your share of line 9369 or the amount from your T5013 slip, Statement of Partnership Income . . . .  5A
  Canadian journalism labour tax credit allocated to you in the year (box 236 of your T5013 slip)  5B
  GST/HST rebate for partners received in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9974  
Total: Amount 5A plus amount 5B plus line 9974   ►  5C
  Other amounts deductible from your share of net partnership income (loss) (amount 6F) . . . . . . . . . . . . . . . . . . . 9943  
  Net income (loss) after adjustments: Amount 5C minus line 9943 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5D
  Business-use-of-home expenses (amount 7P) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9945  
  Your net income (loss): Amount 5D minus line 9945 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9946  
     
  Report the net income amount from line 9946 on the applicable line of your income tax and benefit return as indicated below:  
  • business income on line 13500
  • professional income on line 13700
  • commission income on line 13900
  Note: Do not report a loss resulting from the disposition of a flipped property on your income tax and benefit return. Any loss resulting from the disposition of a
flipped property is deemed to be nil. For more information, read Chapter 1 of Guide T4002.
 
Page 3 of 8
 

Protected B when completed
 
Part 6 – Other amounts deductible from your share of net partnership income (loss)
  
  Claim expenses you incurred that were not included in the partnership statement of income and expenses, and for which the partnership did not reimburse
you. These claims must not be included in the claims already calculated for the partnership.
  List details of expenses: Expense amounts
   
    6A
   
    6B
   
    6C
   
    6D
   
    6E
Total other amounts deductible from your share of the net partnership income (loss): Add amounts 6A to 6E    
  (enter this on line 9943 of Part 5)   6F
 
 
 
Part 7 – Calculating business-use-of-home expenses
  
 
  Heat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7A
  Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7B
  Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7C
  Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7D
  Mortgage interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7E
  Property taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7F
  Other expenses (specify):   7G
  Subtotal: Add amounts 7A to 7G   7H
  Personal-use part of the business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7I
  Subtotal: Amount 7H minus amount 7I    7J
  Capital cost allowance (business part only), which means amount ii of Area A minus any portion of capital    
  cost allowance that is for personal use or entered on line 9936 of Part 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7K
      Amount carried forward from previous year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   7L
  Subtotal: Add amounts 7J to 7L    7M
  Net income (loss) after adjustments (amount 5D) (if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7N
  Business-use-of-home expenses available to carry forward: Amount 7M minus amount 7N  
  (if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7O
  Allowable claim: Amount 7M or 7N above, whichever is less (enter your share of this amount on line 9945 of Part 5) . . . . . . . . . . . . 7P
 
 
 
Part 8 – Details of other partners
      
  Do not fill in this chart if you must file a partnership information return.
  Name of partner
 
  Address Prov./Terr. Postal code Share of net income or (loss) Percentage of partnership
  $   % 
  Name of partner
 
  Address Prov./Terr. Postal code Share of net income or (loss) Percentage of partnership
  $   % 
  Name of partner
 
  Address Prov./Terr. Postal code Share of net income or (loss) Percentage of partnership
  $   % 
  Name of partner
 
  Address Prov./Terr. Postal code Share of net income or (loss) Percentage of partnership
  $   % 
 
 
Part 9 – Details of equity
  
 
  Total business liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9931  
  Drawings in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9932  
  Capital contributions in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9933  
 
 
   
Page 4 of 8

Protected B when completed
Area A – Calculation of capital cost allowance (CCA) claim
1 2 3 4 5 6 7** 8 9 10  
Class
number		 Undepreciated
capital cost (UCC)
at the start of the
year		 Cost of additions
in the year
(see Areas B and
C below)		 Cost of additions
from column 3
that are DIEPs
(property must be
available for use
in the year)

Note 1		 Proceeds of
dispositions
in the year (see
Areas D and E
below)

Note 2		 Proceeds of
dispositions of
DIEP (enter
amount from
col. 5 that relates
to DIEP from
col. 4)		 UCC after
additions
and dispositions
(col. 2 plus col. 3
minus col. 5)		 UCC of DIEP
(col. 4 minus
col. 6)

Note 3		 Immediate
expensing amount
for DIEPs

Note 4		 Cost of remaining
additions after
immediate
expensing (col. 3
minus col. 9)		  
                     
                     
 
                     
 
                     
 
                     
 
                     
 
                     
 
Total immediate expensing claim for the year: Total of column 9    i  
 
11 12 13 14 15 16 17 18 19  
Cost of remaining
additions from
column 10 that
are AIIPs or ZEVs

Note 5		 Remaining UCC
after immediate
expensing (col. 7
minus col. 9)		 Proceeds of
dispositions
available to
reduce additions
of AIIPs and ZEVs
(col. 5 minus
col. 10 plus
col. 11). If
negative, enter "0"		 UCC adjustment
for current-year
additions of AIIPs
and ZEVs
(col. 11 minus
col. 13)
multiplied by the
relevant factor. If
negative, enter "0"

Note 6		 Adjustment for
current-year
additions subject
to the half-year
rule.
1/2 multiplied by
(col. 10 minus
col. 11 minus
col. 5). If negative,
enter "0"		 Base amount
for CCA
(col. 12 plus
col. 14 minus
col. 15)		 CCA
rate
%		 CCA for the year
(col. 16 multiplied
by col. 17 or a
lower amount,
plus
col. 9)		 UCC at the end of
the year
(col. 7 minus
col. 18)		  
                   
                   
 
                   
 
                   
 
                   
 
                   
 
                   
 
Total CCA claim for the year: Total of column 18 (enter on line 9936 of Part 4 amount ii   ii
minus any personal part and any CCA for business-use-of-home expenses***)  
 
**  If you have a negative amount in column 7, add it to income as a recapture in Part 3C on line 8230. If no property is left in the class and there is a positive amount in this column, deduct the amount from
income as a terminal loss in Part 4 on line 9270. Recapture and terminal loss do not apply to a Class 10.1 property unless it is a DIEP. For more information, read Chapter 4 of Guide T4002.
*** For information on CCA for "Part 7 – Calculating business-use-of-home expenses," see "Special situations" in Chapter 4 of Guide T4002. To help you calculate the CCA, see the calculation charts
in Areas B to G.
See next page for notes 1 to 6.
 
T2125 E (23) Page 5 of 8  

Protected B when completed
Note 1: Columns 4, 6, 8 and 9 apply only to designated immediate expensing properties (DIEPs). See subsection 1104(3.1) of the federal Income Tax
Regulations for definitions. A DIEP is a property that you acquired after December 31, 2021, and that became available for use in the current year. For
more information, see Guide T4002.
 
Note 2: The proceeds of disposition of a zero-emission passenger vehicle (ZEPV) that has been included in Class 54, or a passenger vehicle bought after
April 18, 2021, that has been included in Class 10.1, and whose cost is more than the prescribed amount will be adjusted based on a factor equal to its
prescribed amount as a proportion of the actual cost of the vehicle. For dispositions after July 29, 2019, you will have to adjust the actual cost of the vehicle
for any payments or repayments of government assistance that you may have received or repaid for the vehicle. If the passenger vehicle in Class 10.1 is
not designated for immediate expensing treatment, this special rule does not apply. For more information on proceeds of disposition and prescribed
amounts, read "Class 10.1 (30%)" and "Class 54 (30%)" in Guide T4002.
 
Note 3: The amount you enter in column 8 must not be more than the amount in column 7. If the amount in column 7 is negative, enter "0."
 
Note 4: The immediate expensing applies to DIEPs included in column 8. The total immediate expensing amount for the tax year (total of column 9) is limited to
the lesser of:
 
• the immediate expensing limit, which is equal to one of the following, whichever is applicable:
 
  - $1.5 million, if you are not associated with any other eligible person or partnership (EPOP) in the tax year
  - amount iii of Area G, if you are associated with one or more EPOPs in the tax year
  - zero, if you are associated with one or more EPOPs and an agreement that assigns a percentage to one or more of the associated EPOPs
was not filed with the minister in a prescribed form
  - any amount allocated by the minister under subsection 1104(3.4) of the Regulations
• the UCC of DIEPs in column 8
• the amount of income, if any, earned from the source of income that is a business (before any CCA deductions) in which the relevant DIEP is
used for the tax year
  For more information, see Guide T4002.
 
Note 5: Columns 11, 13 and 14 apply only to accelerated investment incentive properties (AIIPs) (see subsection 1104(4) of the federal Income Tax Regulations
for the definition), zero-emission vehicles (ZEVs), ZEPVs and other eligible zero-emission automotive equipment and vehicles that become available for
use in the year. In this chart, ZEVs represent zero-emission vehicles, zero-emission passenger vehicles and other eligible zero-emission automotive
equipment and vehicles. An AIIP is a property (other than a ZEV) that you acquired after November 20, 2018, and that became available for use before
2028. A ZEV is a motor vehicle included in Class 54 or 55 that you acquired after March 18, 2019, and that became available for use before 2028, or
eligible zero-emission automotive equipment and vehicles included in Class 56 acquired after March 1, 2020, and that became available for use before
2028. For more information, see Guide T4002.
Note 6: The relevant factors for properties available for use before 2024 are 2 1/3 (Classes 43.1, 54 and 56), 1 1/2 (Class 55), 1 (Classes 43.2 and 53), 0
(Classes 12, 13, 14 and 15) and 1/2 for the remaining AIIPs.
For more information on AIIPs, see Guide T4002 or go to canada.ca/taxes-accelerated-investment-income.
 
Area B – Equipment additions in the year
1 2 3 4 5
Class
number		 Property
description		 Total cost Personal part
(if applicable)		 Business part
(column 3 minus
column 4)
         
 
         
 
         
 
Total equipment additions in the year: Total of column 5 9925
Area C – Building additions in the year
1 2 3 4 5
Class
number		 Property
description		 Total cost Personal part
(if applicable)		 Business part
(column 3 minus
column 4)
         
 
         
 
         
 
Total building additions in the year: Total of column 5  9927
 
Area D – Equipment dispositions in the year
1 2 3 4 5
Class
number		 Property
description		 Proceeds of
disposition (should
not be more than
the capital cost)		 Personal part
(if applicable)		 Business part
(column 3 minus
column 4)
         
 
         
 
         
 
  Total equipment dispositions in the year: Total of column 5  9926
Note: If you disposed of property in the year, see Chapter 4 of Guide T4002 for information about your proceeds of disposition.
   
T2125 E (23) Page 6 of 8
Protected B when completed
 
Area E – Building dispositions in the year
1 2 3 4 5
Class
number		 Property
description		 Proceeds of
disposition (should
not be more than
the capital cost)		 Personal part
(if applicable)		 Business part
(column 3 minus
column 4)
         
 
         
 
         
 
  Total building dispositions in the year: Total of column 5 9928
Note: If you disposed of property in the year, see Chapter 4 of Guide T4002 for information about your proceeds of disposition.
 
Area F – Land additions and dispositions in the year
 
Total cost of all land additions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9923  
Total proceeds from all land dispositions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9924  
 
Note: You cannot claim capital cost allowance on land. For more information, see Chapter 3 of Guide T4002.
 
Area G – Agreement between associated eligible persons or partnerships (EPOPs)
 
Are you associated in the fiscal period with one or more EPOPs that you have entered into an agreement with under
subsection 1104(3.3) of the Regulations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
 
If you answered yes, fill in the table below.
 
Enter the percentage assigned to each associated EPOP (including your business) as determined in the agreement.
 
This percentage will be used to allocate the immediate expensing limit. The total of all percentages assigned under the agreement should not be more than
100%. If the total is more than 100%, then the associated group has an immediate expensing limit of zero. For more information about the immediate
expensing limit, see Guide T4002.
 
1 2 3
Name of the EPOP Identification number

Note 7		 Percentage assigned under the
agreement
 
 
 
 
 
 
 
 
Total of percentage assigned: Total of column 3
 
Immediate expensing limit allocated to your business: Multiply 1.5 million by the percentage assigned to your business in
column 3 (see note 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii
 
Note 7: The identification number is the EPOP's social insurance number, business number or partnership account number.
 
Note 8: If the total of column 3 is more than 100%, enter "0."
 
T2125 E (23)   Page 7 of 8

Protected B when completed
 
 
Chart A – Motor vehicle expenses
  
  Kilometres you drove in the fiscal period that was part of earning business income . . . . . . . . . . . . . . . . .  1
  Total kilometres you drove in the fiscal period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
 
  Fuel and oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3
  Interest (use Chart B below) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4
  Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5
  Licence and registration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6
  Maintenance and repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
  Leasing (use Chart C below) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  8
  Electricity for zero-emission vehicles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
  Other expenses (specify):    10
     11
  Total motor vehicle expenses: Add amounts 3 to 11    12
 
  Business use part: amount 1: x amount 12: . . . . . . . . . . . . . . . . . . . . . . . . . = 13
  amount 2:  
 
  Business parking fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
  Supplementary business insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
  Allowable motor vehicle expenses: Add amounts 13 to 15 (enter this total on line 9281 of Part 4) . . . . . . . . . . . . 16
     
  Note: You can claim capital cost allowance on motor vehicles in Area A.
   
 
Chart B – Available interest expense for passenger vehicles and zero-emission passenger vehicles
  
  Total interest payable (accrual method) or paid (cash method) in the fiscal period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
 
  $10**** x the number of days in the fiscal period for which interest . . . . . . . . . . . . . . . = 18
  was payable (accrual method) or paid (cash method)  
 
  Available interest expense: Amount 17 or 18, whichever is less (include this in amount 4 of Chart A above) . . . . . . . . . . . . . . . . . . 19
     
  **** For passenger vehicles bought after 2000.
 
 
 
Chart C – Eligible leasing cost for passenger vehicles
*****		  
  Total lease charges incurred in your current fiscal period for the vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
  Total lease payments deducted before your current fiscal period for the vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
  Total number of days the vehicle was leased in your current and previous fiscal periods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
  Manufacturer's list price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
  Use a GST rate of 5% or HST rate applicable to your province. 
  Amount 23 or ($42,353 + GST and PST, or HST on $42,353), whichever is more (see note 9) ► x 85%  = 24
 
  [($950 + GST and PST, or $950 + HST) x amount 22] ÷ 30 (see note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = 25
  Amount 25: – amount 21: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = 26
 
  [($36,000 + GST and PST, or $36,000 + HST) x amount 20] ÷ amount 24 (see note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = 27
 
  Eligible leasing cost: Amount 26 or 27, whichever is less (enter in amount 8 of Chart A above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
     
  ***** Includes a vehicle that would qualify as a zero-emission passenger vehicle if you owned it.
  Note 9: For leases entered into in 2022, it's amount 23 or ($40,000 plus GST and PST, or HST on $40,000), whichever is more. For leases entered into before
2022, it's amount 23 or ($35,294 plus GST and PST, or HST on $35,294), whichever is more.
  Note 10: For leases entered into in 2022, amount 25 is equal to [($900 plus GST and PST, or $900 plus HST) multiplied by amount 22], divided by 30.
For leases entered into before 2022, amount 25 is equal to [($800 plus GST and PST, or $800 plus HST) multiplied by amount 22], divided by 30.
  Note 11: For leases entered into in 2022, amount 27 is equal to [($34,000 plus GST and PST, or $34,000 plus HST) multiplied by amount 20], divided by
amount 24. For leases entered into before 2022, amount 27 is equal to [($30,000 plus GST and PST, or $30,000 plus HST) multiplied by amount 20],
divided by amount 24.
 
See the privacy notice on your return.
 
 
 
 
T2125 E (23) Page 8 of 8