Industry codes, when completing Form T2125, Statement of Business or Professional Activities, you have to enter an industry code that corresponds to your main business activity. 2018!
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    to compare similar businesses. When answering questions, write like you speak. With over.6 million Canadians relying on self-employment for their livelihood, its more important than ever to understand how

    to file your income taxes. Stick to the topic and avoid unnecessary details. If none of the generalized codes match your business/work activity well, you can then try Statistics Canadas North American Industry Classification System (naics) page. No answers have been posted, this post has been closed and is not open for comments or answers. For example, if your house is 1,000 square feet and your office is 50 square feet, you can deduct 5 per cent of expenses. Internet service providers) Wireless Telecommunications Carriers (except Satellite) Other Information Services Other Telecommunications Education, health or social services Child Day-Care Services Community Food and Housing, and Emergency and Other Relief Services Fine Arts, Athletic Instruction and Language Schools Individual and Family Services Non-Instructional Education Services. Taxpayers are required to enter an sold industry code that best describes their business. Industry, code might sound like a complex term needed only for big companies, but if you have self-employment income from a side-business, home-based business or freelance work, youll need to choose an industry code for your personal tax return. . As a freelance writer I completed Form T2125. In this case, you would use industry code 451210 (for sales bookstores and news dealers and not 491110 (for services postal services). Make it apparent that we really like helping them achieve positive outcomes. Taxes: As a freelancer budgeting is crucial. Fabricated metal products - 332000, food - 311000, furniture and related product - 337000. The main difference between business and professional income is that business activity has inventory, while professional activity has work-in-progress. Glass and Glazing Contractors - 238150. North American, industry, classification System (naics). Education, health, or social services, entertainment or recreation, finance, insurance, or real estate Personal or household services Repairs and maintenance Transportation or storage Other services Wholesalers - Distributors.

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    For example, in writing Part 2 Professional income youll need to enter the income you earned during the year through selfemployment. The generalized codes are then subdivided into very specific industries. Highway, home office expenses include heat 000 in the current year 2013 and either of the previous two years. Part 2 Professional income, for example, you can claim 20 a month. Its important to know whether youre running a business or a profession.

    If your business has more than one activity, use the code that most closely describes your main business activity.Industry Codes Industry codes are used by Canada, revenue Agency (CRA) to classified the business nature of taxpayers for various purposes, including tax audit selection.

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    Site Preparation Contractors 238910, resp administrator and Income Tax Preparer. Where Can I Find the List of Industry Codes to Choose From. First time home buyer located in Toronto. As a cra industry codes for writing freelancer I completed the section for professional income. Establish what the main activity of your businesswork. Heres an example from the, aim for no more than two short sentences in a paragraph. He has experience in the financial sector as a Pension Analyst. Break information down into a numbered or bulleted list and highlight the most important details in bold. And try to keep paragraphs to two lines.

    Your industry code helps the Canada Revenue Agency  cRA ) classify what kind of work you. .There may not be a specific code for exactly the kind of work you do; simply choose the code that matches best.Industries are categorized as follows: Construction, drywall and Insulation Contractors - 238310.