Your T2125, done for you
Self-employed in Canada? The T2125 is how you report your business income and expenses to the CRA each year. Accountly handles it for you.
What is the T2125?
It's the CRA form called the "Statement of Business or Professional Activities." If you freelance, do gig work, or run your own business as a sole proprietor, you file one every year with your personal tax return.
Business income
What you earned
Operating expenses
What you spent
Net income
What you owe taxes on
Totals that update as you go
Every transaction you log gets mapped to the right T2125 category. By tax season, your numbers are already done.
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Income and expenses sorted into T2125 categories - Totals update in real time
- Adjust categories or amounts anytime
Don't miss a deduction
Home office, vehicle, meals, supplies. Accountly sorts your expenses into CRA categories so nothing slips through at tax time.
- CRA expense categories built in
- Snap receipts with your phone as proof
- GST/HST input tax credits tracked too
Hand it off to your accountant
Invite your accountant to review your T2125 data directly. No spreadsheets, no back and forth.
- Share read-only access with your accountant
- Receipts and transactions attached and audit-ready
- Export or review together before filing
How it works
Track as you go
Log income, snap receipts, and categorize expenses throughout the year.
Review your totals
Check your T2125 summary anytime to see where you stand.
File with confidence
Share a clean breakdown with your accountant, or use it to file yourself.
Common questions
What is the T2125 form?
It's the CRA form (Statement of Business or Professional Activities) that self-employed Canadians use to report business income and expenses. It gets filed as part of your personal tax return.
Who needs to file a T2125?
Anyone earning self-employment income in Canada. That includes freelancers, sole proprietors, gig workers, contractors, and professionals like real estate agents or consultants.
Does Accountly file my T2125 for me?
Accountly calculates your T2125 totals and organizes everything you need. You can use those numbers to file yourself through CRA My Account or NETFILE software, or share them with your accountant.
What expense categories does Accountly support?
All the standard T2125 categories: advertising, meals, vehicle, home office, supplies, professional fees, and more. You can adjust them if needed.
Can my accountant see my T2125 data?
Yes. You can invite your accountant to view your transactions, receipts, and tax summaries directly in Accountly.
Does Accountly handle GST/HST too?
Yes. It tracks the GST/HST you collect and your input tax credits, so you can report both your T2125 and GST/HST from the same data.
Tax season shouldn't be stressful.
Track your business, and your T2125 takes care of itself. Try Accountly free.