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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?
posted
February 21, 2024
12:53 PM
last updated
February 21, 2024
12:53 PM
5 Replies
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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".
February 21, 2024
1:04 PM
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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?
February 22, 2024
8:39 AM
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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.
February 22, 2024
8:44 AM
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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?
February 22, 2024
10:29 AM
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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:
- If you provide a product or service with the intention of making a profit you are considered self-employed.
- 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.
February 22, 2024
10:36 AM