Hi everybody!
In 2022 during the summer holidays, I worked as a CAD-designer, completing the requirement of my university for student practice education. I was paid with checks by my employer, without becoming an employee of his company, thus providing consultant's services as self-employed. I didn't receive a T4 or T4A slip.
In the interview setup under self-employment income T2125P I answered the questions about the fiscal period of my business (3 months), NAICS System code, that I am the sole proprietor etc. On the income page I wrote the gross professional fees (ca. $5000 incl. HST). I added the expenses for a home office (worked from home all the time), for 3 months only. I didn't have any further income in 2022.
At the end the review of the Federal summary the program shows me Net professional Income (line 13700) = Total income (line 15000) more than twice as much ($11,000+) as the income I put under Professional income ($5,000).
Why is this so and what can I do to change it?
Thanks in advance!
P.S. Could the fiscal year end and beginning be the problem? I started and finished work between June and September 2022.