Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
lesya34
New Member

I help filing taxes and received 100 dollars for it. Do I need to report them to CRA? When do I have to open my company for assisting with computer, and filing taxes?

 
5 Replies

I help filing taxes and received 100 dollars for it. Do I need to report them to CRA? When do I have to open my company for assisting with computer, and filing taxes?

Yes, you need to declare that income, but you don't need to open a business to do so. You can report the income as "Other Employment Income". 

lesya34
New Member

I help filing taxes and received 100 dollars for it. Do I need to report them to CRA? When do I have to open my company for assisting with computer, and filing taxes?

If I make $1000/month, do I need to open my own business? 

I help filing taxes and received 100 dollars for it. Do I need to report them to CRA? When do I have to open my company for assisting with computer, and filing taxes?

As you make less than $30 000 a year, you do not have to claim as a business. 

 

Thank  you for choosing TurboTax.

lesya34
New Member

I help filing taxes and received 100 dollars for it. Do I need to report them to CRA? When do I have to open my company for assisting with computer, and filing taxes?

If I make more than $30000 by doing administrative support (printing, filing, faxing, using computer) and also filing taxes and accounting support, what kind of business should I open? Can I be self-employed?

I help filing taxes and received 100 dollars for it. Do I need to report them to CRA? When do I have to open my company for assisting with computer, and filing taxes?

Yes you would be self-employed:

  1. If you provide a product or service with the intention of making a profit you are considered self-employed.
  2. You can deduct your self-employed business expenses on your tax return as long as they helped you generate income.

The Beginner’s Guide to Self-Employed Taxes

 

Thank you for choosing TurboTax.