How is an Internet business taxed?
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How is an Internet business taxed?

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This topic contains 1 reply, has 1 voice, and was last updated by Avatar of Robert Robert 7 years, 11 months ago.

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    Avatar of Robert
    Robert
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    We have a question from a client:
     
    How is an Internet business taxed?

    #5076
    Avatar of Robert
    Robert
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    An Internet business is taxed just like any other business. If the business is a sole proprietorship or a partnership, the individual must complete Form T2125 Statement of Business or Professional Activities as part of their T1 Personal Tax Return filing. If the business is a corporation, a T2 Corporation Income Tax Return must be filed.

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