- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I don't have a business or business license but I sometimes do outsourcing work for an international company. What would I claim this income under?
Topics:
October 31, 2019
3:05 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Getting started
You need to claim this as Self-Employed income on a T2125 -Statement of Business Activities. You do not need a Business License or Number, but CRA requires that you report any income earned that exceeds $3,500 gross as Self-Employment and requires you to make CPP Contributions.
https://turbotax.intuit.ca/tips/what-is-a-business-for-tax-purposes-6180
October 31, 2019
3:05 AM