Business Income

This subsection covers the core Canadian tax terms that appear when income is earned outside a normal employee-payroll relationship.

What Belongs Here

Use this subsection when the question is about self-employed reporting, sole-proprietor activity, or the business-income language that later feeds into a personal return.

Best Starting Pages

• Business Income
• Professional Income
• Sole Proprietorship
• T2125 Statement of Business or Professional Activities

Practical Reader Path

• Start with Business Income if you are still deciding what type of income you are looking at.
• Start with Professional Income if the work is tied to a professional practice and the tax vocabulary seems more specific than general business income.
• Start with Sole Proprietorship if the question is about structure and who actually reports the income.
• Move to Business Forms when the next question is which reporting form or statement is involved.

In this section

• Business Income
  Business income is self-employment income reported from commercial activity after applying the relevant tax rules and records.
• Professional Income
  Professional income is self-employment income earned in a profession and reported through the taxpayer's business-filing workflow.
• Sole Proprietorship
  A sole proprietorship is a business structure in which the individual and the business are not separate personal income-tax filers.