Taxation for Sole Proprietorship

gaphys wrote: ↑ So my question is how does taxation work here, do we have file tax for both business and personal? or we just file for business ?
This is for Ontario.

WetCoastGuy wrote: ↑ What taxes are you referring to?

For Income Tax as a self-employed person she would report the business income using form T2125 Statement of Business or Professional Activities in her personal tax return.
For HST she would file the return for the business to report the sales and input tax credits

gaphys wrote: ↑ My wife is Sole Proprietorship of a business and has business bank account that is used everything business.
Now she wants a personal bank account for her personal expenses. (she would pay herself I think from the business account)
So my question is how does taxation work here, do we have file tax for both business and personal? or we just file for business ?
This is for Ontario.

Thanks for any input