When working for a food delivery company, you are considered self-employed because you are free to carry out the duties as you please since you are contracted independently, not hired as an employee.
You will report your self-employment income on the T2125 – Statement of Business or Professional Activities form.
Step 1: Create your Personal Profile
First, you will need to enter your personal information to create your Personal Profile, which includes;
- Name
- Birthday
- Marital Status
- Residency
- Contact Information
- Dependants (and their SIN’s, if applicable)
- Language Preference with the CRA
Step 2: Create your Tax Profile
Step 3: Enter Your Income Information
Identifying the Type of Self-Employment
You will be asked to choose the type of self-employment income you are reporting. Ride-Sharing income is considered an “Other Type of Business”.
Step 4: Completing Form T2125
4a. Business Statement
On this page you will report information about your business:
- Operation period: the start and end date of your business
- Address: for Ride-Sharing, use your personal address
- industry code: check this code every year.
- business/GST number: your employer will register a GST number for your business
- internet activities and more.
4b. Business Income
After this step, you have to deduct any expenses to calculate the net business income.
If you need more information, please visit Ride-Sharing Income Taxes
Thank you for choosing TurboTax.
