
Enter your share of the net income or loss from the business on Line 9946 – Your net income (loss). For more information, see Line 9945 – Business-use-of-home expenses
Also, fill in the "Calculating business-use-of-home expenses" chart if it applies to you.
Fill in the "Other amounts deductible from your share of net partnership income (loss)" chart to claim any expenses for which the partnership did not reimburse you, or other amounts you may be able to deduct. For fishing income, enter the amount from box 126 (or box 103 if a limited partnership) of your T5013 slip at amount 5A of Form T2121. Enter the amount from box 124 (or box 101 if a limited partnership) of your T5013 slip at amount 5A of Form T2042 For farming income, enter the amount from box 125 of your T5013 slip at line 14099 of your income tax return. On your T5013 slip, you will find "Business income (loss)" at box 116, "Professional income (loss)" at box 120 and "Commission income (loss)" at box 122 For business and professional income, enter in Part 5 at amount 5A the income amount from your T5013 slip. If you are a partner in a partnership that has to file a partnership information return, fill in Form T2125, Form T2042 or Form T2121, whichever applies, as follows:
The details of your farming or fishing activities you have to give us depend on the type of partnership you are in. fishing income on Form T2121, Statement of Fishing Activities.
farming income on Form T2042, Statement of Farming Activities.business or professional income on Form T2125, Statement of Business or Professional Activities.If you are a sole proprietor, fill in all of the applicable areas and lines of: