Babysitting income where do i enter it

[peddle1954]

i have earn some money providing babysitting service. where do i enter the income. i dont have a business

[TurboTaxJeffrey · Accepted solution]

If the amount is less than $3500 you can enter it as casual income (other employment income).  Click "Income" then "Other Income Sources" then "Income not reported on a t-slip"

If the amount is over $3500 you should complete the business portion of the return.  Your business name is just your own name, and your business address is your own address.  As you don't have a business number you do not need to include one.  However you will also be able to deduct expenses against the income in order to reduce the tax liability.

[TonyC11]

Where do you see the $3500 limit?
According to CRA training you need to enter a NAICS code if you complete a T2125.
May depend on whether you receive a slip.

[TurboTaxJeffrey]

Not hard to figure out the NAICS code Tony.

[TurboTaxJeffrey]

http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVDPage1&db=imdb&dis=2&adm=8&TVD=118464

[Bethebestyou247]

I’m confused on where to enter my babysitting income

[TurboTaxHeba]

According to CRA, once your casual income is more than $3500, you will need to contribute to the CPP (Canada Pension Plan). In this case, you will have to report this income as business income. From the left-side menu, search for self-employment under income. Or you can search for self-employed using the magnifying glass on the top bar. Use "other type of business: to report babysitting income. This will open the T2125 business sheet:

https://turbotax.intuit.ca/tips/small-business-tax-tips-filing-a-t2125-4119

If you made less than $3500 in babysitting income, you can report it on line 10400 as casual income, and there is no need to fill the business sheet:

• Search for "income not reported on a T4 slip"
• select "Received tips, gratuities, occasional earnings, or other employment income"
• report it as "occasional earning"

I hope this was helpful