I'm a canadian citizen living full time in canada. Part of my income is made from commission selling digital products on a US website. How do I calculate these taxes?

I do get paid in US dollars.

906

1 Best answer

Level 15

Oct 30, 2019 12:25:35 AM

You will need to report this income in Canadian Dollars by going to the:

Income Tab
Self Employment
Business & Professional Activities
Other Type of Business (Industry Code 454110 is suitable)
on the page - Other Information About Your Business, check off the bottom box about websites/pages.
complete the following page asking for http://'s and the remainder of the T2125 Statement as you would for any business.

Level 15

Oct 30, 2019 12:25:35 AM

You will need to report this income in Canadian Dollars by going to the:

Income Tab
Self Employment
Business & Professional Activities
Other Type of Business (Industry Code 454110 is suitable)
on the page - Other Information About Your Business, check off the bottom box about websites/pages.
complete the following page asking for http://'s and the remainder of the T2125 Statement as you would for any business.