A friend pays me cash to manage their rental property. They pay me a percentage of total rents every month, about 10%.
I don't have a business or corporation, but I basically take care of everything on the property and in turn they pay me for it.
How do i claim this income on my taxes?
Do i claim it as "other income" or do i declare my self as "self employed"
I don't have any other income.
Only you can make that decision. For guidance, please see the Canada Revenue Agency (CRA) about Line 13000 – Other Income and our TurboTax article: Guidelines for Reporting Self-Employment Income.
Thank you for choosing TurboTax.
Thanks, I did read all of those prior to posting, but am still confused. I dont plan on claiming any expenses against this income so not sure i need to declare self employed, but it is a service offered so am not sure.