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Level 1
June 22, 2025
Question

Self-Employed

  • June 22, 2025
  • 1 reply
  • 3 views

I have a T4A, I have an amount in box48 for once a year casual work.  Turbo Tax will not allow me to continue entering info. without a self-employment statement.  All the drop down gives are like 20 random codes.  I cannot find a list anywhere of what these codes are (looked on CRA, searched the internet..nothing) so I can enter the appropriate statement code.  It wants to know if this is the last year of my business (not a business-casual proffessional services at best), what the fiscal year was (I have no idea?? because I'm not a business).  Is there anybody out there that can help sort this out?  I have temporarily entered that amount in box 28 - Other Income.  Is this even allowed?

    1 reply

    TurboTax_Susan
    Level 15
    June 23, 2025

    Do you mean your industry code? You can look up your industry code on the Stats Can website: North American Industry Classification System (NAICS) Canada 2022 Version 1.0 Or you can use the search tools on the NAICS website: NAICS & SIC Identification Tools It doesn't have to be exactly what you do, it just has to be close. 

     

    Your fiscal year can be Jan 1 to Dec 31, and you don't need to mark that it's your final year if you are going to do the same work next year.

     

    Box 28 is also self-employment income if it consists of fees collected for services you provided. But even if it wasn't the CRA will likely just move the amount back to the right box because that's what their copy of your T4A slip shows.