rbasic Posted April 13 Report Share Posted April 13 In 2023, I made a foreign income in Japan as a royalty ( I allowed my digital illustrations to be used). I do not have any business number, but I assume that this falls under the category of foreign income - business, self-employed in Canada. I selected "Foreign Income and Property" under the business foreign income on the Interview setup page. From here I am stuck. Do I enter the amount I received in Japanese yen before taxes in "Gross amount of Foreign Business Income" and "Foreign Business Income Entered as Business Income"? I also started to fill out T2125 for self-employment income. However, how do I enter the business income when my only income for the year was from this foreign income in Japan as a royalty and I do not have any other expenses? Do I report the business income of an amount before the taxes I have already paid to Japan in CAD dollars? If anybody can provide me with any advice, it would be really appreciated. Quote Link to comment Share on other sites More sharing options...
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