Posted By: referwithcaution
Individual CRA Applications - 05/16/22 04:15 PM
Good Morning/Afternoon,
I am still pretty new to HMDA/CRA, and am working to finish a report. Brief question:
For Loans where the borrowing entity is a natural person, and no non-natural person or entity is included in the loan...what is the appropriate code to list as "Business Revenue".
When there are applications like these for natural persons for "business investments", how am I to accurately report "business income" on a personal tax return if not "business income" is found on personal tax returns? Should I just rely on wages?
I am still pretty new to HMDA/CRA, and am working to finish a report. Brief question:
For Loans where the borrowing entity is a natural person, and no non-natural person or entity is included in the loan...what is the appropriate code to list as "Business Revenue".
When there are applications like these for natural persons for "business investments", how am I to accurately report "business income" on a personal tax return if not "business income" is found on personal tax returns? Should I just rely on wages?