Preparing Income Tax Returns for Sole Proprietors (Virtual)

Invest Ottawa is dedicated to helping Ottawa entrepreneurs make informed decisions about starting and growing their businesses. We promote Ottawa's economy, through the development of products and services that encourage entrepreneurship and support business growth.Invest Ottawa has a staff of dedicated business professionals, who provide advice and counsel to entrepreneurs on a variety of levels. As well, we provide links to other business organizations, seminars and entrepreneurial events, online training and many other tools and resources to assist the budding entrepreneur.

Invest Ottawa Education Centre

Covering record keeping basics + identifying and discussing the tax treatment of business income and expenses.

Entrepreneurship Starter Kit

Curated revolving topics covering the essential steps of starting a business, from exploring different forms of business organizations and understanding financial basics, to identifying your niche and crafting a compelling value proposition.

About this workshop:Preparing an income tax return is a must for any business, regardless of the business structure. Presented by Jasmin Atwal from <a href="https://logankatz.com/" title="https://logankatz.com/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Logan Katz</a>, this workshop will cover the basics of preparing a tax return for the sole proprietor.This course will be of interest to the unincorporated business owner as well as professionals belonging to a partnership. During this interactive hybrid 2-hour workshop, we will:<ul><li>discuss the Canadian Income Tax system</li><li>review record keeping basics</li><li>compare sole proprietorship vs. partnership vs. corporation</li><li>identify and discuss the tax treatment of business income and expenses</li><li>review tax form T2125 – Statement of Business or Professional Activities</li><li>prepare a basic form T2125</li></ul>This session is only held twice a year, so don't miss out! *Please note that you will receive an email with the link to join this webinar upon registering and before the session. If you do not receive it, please check your junk mailbox.

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