ottawa Posted April 23 Report Share Posted April 23 A friend had a sole proprietorship that ceased operating in 2022. We checked the box that says "last year was the final year of operation", still gave description of business including NAICS code (carried forward from UFile 2022), and gave year start and year end (1/1/2023-31/12/2023) since it seems to be mandatory. Getting an error that can't Netfile QC return because "You entered a business or a rental property without any relevant data.". We did add income=$0 but that didn't fix it. What's the best way to do this? What other information is QC demanding other than: business closed in 2022, $0 income in 2023. Thanks. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 23 Report Share Posted April 23 Hello ottawa, If zero Income and zero expenses then you do not need to file the T2125 ELSE you receive a Netfile error. (only for T2 corporation you must still file a nil return) Quote Link to comment Share on other sites More sharing options...
ottawa Posted April 23 Author Report Share Posted April 23 Thank you but it's a T1 return and there's a box to say "last year [2022] was my final year". What purpose does that serve if I can't file a T2125? I'm worried CRA and/or RQ will contact her to ask why there's no T2125. It's an easy answer but I don't want to make her nervous needlessly. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 23 Report Share Posted April 23 Hello ottawa, You are welcome. Normally the last year of business has Income or Expenses, you have neither, so it appears there is nothing to file. Please check with RevenuQuebec : CONTACT US 1-800-267-6299 (toll-free). https://www.revenuquebec.ca/en/contact-us/ Quote Link to comment Share on other sites More sharing options...
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