T2125 income and expense worksheet
Add income and expenses by T2125 line to see net business income.
Result
T2125 income and expense worksheet
Net of the lines entered
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Add a T2125 line and an amount to see the net.
Ballpark estimate, check before you buy or quote.
Form T2125 (2025). As of 2026-10-03. Source: https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2125.html. A simple estimate, not advice. This is not tax advice.
Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.
How this works and common questions
About this tool
Each row is a line number from Form T2125 (2025) and the amount you type. Net is income plus closing inventory, minus costs and expenses. A simple estimate, not advice. This is not tax advice.
How it works
Type a line number from Form T2125 (2025) and the amount. Income lines and closing inventory are added. Cost and expense lines are subtracted. The form's own total lines are not in the list, so they are not added on top of the lines that make them up.
Rules
Line names are from Form T2125 (2025), as of 2026-10-03. Amounts are the cents you type. The meals line is not cut to 50% and no other limit is applied. A simple estimate, not advice. This is not a tax return and it is not tax advice.
Questions
Which line numbers can I use?
The input lines listed in the rules, such as 8000 for sales and 8521 for advertising. Total lines such as 8299 and 9368 are left out so they are not counted twice.
How is the net worked out?
Income plus closing inventory, minus the cost and expense lines. Amounts stay in cents. Nothing else is rounded.
Does this fill in my T2125?
No. It adds the lines you type. It does not apply limits and it is not tax advice.
Do I need an account?
No. The tools work without one. You only need to sign in to save your work.
Is what I type saved?
No. Nothing is saved unless you sign in and choose Save. Otherwise it stays on the page.
Do you show ads or sell my information?
No. We show no ads and we do not sell your information.
Is this tax or legal advice?
No. Results are estimates for planning. Check rates and rules with the official source or a qualified professional.
Sign in to save this. Your entries stay on screen.
Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.