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I did some self-employed nannying work last year and I'm not sure where to claim my income? I made just over $3500 but I don't have many expenses to claim.
Can I put it under casual labor?
posted
April 12, 2023
12:32 PM
last updated
April 12, 2023
12:32 PM
1 Reply
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I did some self-employed nannying work last year and I'm not sure where to claim my income? I made just over $3500 but I don't have many expenses to claim.
If you exceed $3,500 in gross income, you must report this as self-employment income and fill out a T2125 (Statement of Business or Professional Activities).
As per the Canada Revenue Agency (CRA), if your net income exceeds $3,500, you will have to pay CPP contributions on it.
Please read this TurboTax article for more information: Guidelines for Reporting Self-Employment Income
Thank you for choosing TurboTax.
April 15, 2023
10:56 AM