Income tax for sole proprietors and partnerships

How do I report my business income for income tax purposes?

The answers are on the following Web pages. Please click the one that applies to you:

• Reporting your business income and expenses
• Farming Income
• Fishing Income

The income tax return

How do I file my return?

Find out how by clicking on the appropriate guide for your business activity:

• Business and Professional Income
• Farming Income
• Fishing Income

When do I file my return?

Find the answer under the link Returns in the Important dates for 2004 (Businesses) page on our Website.

Instalments and Payments

Do I have to pay by instalments and, if so, when and how?

See the Paying by instalments page on our Website.

How can I pay a balance and make monthly instalments electronically through my financial institution?

Check out our Electronic Payments for Individuals page to find out more about how to make electronic payments.

Penalties and interest

What penalties and interest does the CRA charge for non-compliance?

Find the answer under What penalties and interest do we charge? in our General Income Tax and Benefit guide.

What are my rights and obligations when I have personal taxes owing to the Government of Canada?

Find the answer in our guide called Canada Customs and Revenue Agency's Collections Policies.

CRA Contacts

How can I get help or find more information?

• Go to the Sole Proprietor / Partnership page on our Website.
• Go to the What if you need help? section in our General Income Tax and Benefit guide.
• You can also contact our Business Window at 1-800-959-5525. Our knowledgeable staff will be pleased to assist you.