david007co

May I ask, why closing inventory should be left empty, if I ended up with the inventory I purchased during the year? Thanks for your help.

For a new small business (self employed, not Inc.). Started the business in May 2023 with no initial inventory. We made purchases of inventory during the year for $1,027.01 We did not make any sales during the year. What do I put in: Opening Inventory Purchases during the year Closing Inventory Thanks for your help.

Contacted CRA and they said they can not help me with identifying my Industry Code. however, they suggested I contact StatsCanada who indeed mentioned that 458310 could be applicable. Thank you so much!

For an online retail store that sells handmade earrings (not manufactured by the company). I used NAICS 454110 Electronic shopping and mail order in the past. The code is no longer available on UFile 2023. I cannot find an comparable code for on line web sales what should I use now ? I checked the CRA website and cannot find a similar code. Thanks for your help

Thanks a lot for pointing it out. That was the correct answer.

Actually, I am not talking about the % of the house that I sued for work (in my case is 9%). I am asking that only 15% of the time worked last year was from home.. so I only used the home office 15% of the time.

As per the T2200 the employer only required to use home office 15% of the time. In UFile, this is entered in the "Home office expenses" tab. It only asks what % of the home was used to personal use, and then the total amount spent (for work + personal). Where can I specify that I only need to deduct the 15% portion? Thank you.