Hi, one of my friend got mortgage licence last year, incurred some expenses in getting the licence (like FSCO fees, brokerage fees, etc). But he didn’t make any income (No T4A).

I understand that if you make commission income and get T4A, you can write off your business related expenses in T2125 agianst that T4A.

Now in this case, there’s no income and no T4A, can he still include T2125 in his return to write off expenses?

Statistics: Posted by tor1deal — Mar 15th, 2020 2:20 pm

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