topic Hi, I didn't work this year but I received income (ad revenue generated from Youtube). So do I report this income as self-employed or as other income ? in Getting started https://turbotax.community.intuit.ca/community/getting-started/discussion/hi-i-didn-t-work-this-year-but-i-received-income-ad-revenue-generated-from-youtube-so-do-i-report/01/940801#M14406 <P></P><P>Hi, I am full time student and still dependent. I didn't work this year but I received income (ad revenue generated from Youtube).&nbsp;</P><P>So do I report this income as self-employed or as other income ?&nbsp;</P><P>I read TurboTax tax preperation tips for self-employed canadians and it says that "according to the Canada Revenue Agency, if you provide a service or a product with an expectation of profit, you are considered self-employed".</P><P>I don't own a business so I think it falls under the category of other income...</P><P>I want a tax expert to help me please.</P> Thu, 31 Oct 2019 08:43:53 GMT Brian12444 2019-10-31T08:43:53Z Hi, I didn't work this year but I received income (ad revenue generated from Youtube). So do I report this income as self-employed or as other income ? https://turbotax.community.intuit.ca/community/getting-started/discussion/hi-i-didn-t-work-this-year-but-i-received-income-ad-revenue-generated-from-youtube-so-do-i-report/01/940801#M14406 <P></P><P>Hi, I am full time student and still dependent. I didn't work this year but I received income (ad revenue generated from Youtube).&nbsp;</P><P>So do I report this income as self-employed or as other income ?&nbsp;</P><P>I read TurboTax tax preperation tips for self-employed canadians and it says that "according to the Canada Revenue Agency, if you provide a service or a product with an expectation of profit, you are considered self-employed".</P><P>I don't own a business so I think it falls under the category of other income...</P><P>I want a tax expert to help me please.</P> Thu, 31 Oct 2019 08:43:53 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/hi-i-didn-t-work-this-year-but-i-received-income-ad-revenue-generated-from-youtube-so-do-i-report/01/940801#M14406 Brian12444 2019-10-31T08:43:53Z If the income you received from YouTube is under $3,500 (... https://turbotax.community.intuit.ca/community/getting-started/discussion/if-the-income-you-received-from-youtube-is-under-3-500/01/940802#M14407 <P>If the income you received from YouTube is under $3,500 (CAD) then you can report it as "other income"</P><UL> <LI>Go to the Income Tab &gt; Other Income Sources &gt; Income not reported on a T-Slip.</LI> <LI>Check the box -&nbsp;Received tips, gratuities, occasional earnings, or other employment income<B>.</B> </LI> <LI>Continue to the page "Other Employment Income Sources" and make your entry.</LI> </UL><P>If your occasional earnings exceed $3,500 gross, CRA requires you to report this a "Self-Employed" earnings on a T2125 Statement of Business Activities. You will be required to pay CPP contributions on any net amount (after expenses) that is over the $3,500 threshold. You will then need to navigate to the Self-Employment section of TurboTax and report this as an "Other type of Business".</P> Thu, 31 Oct 2019 08:43:55 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/if-the-income-you-received-from-youtube-is-under-3-500/01/940802#M14407 TurboTaxKim 2019-10-31T08:43:55Z Thank you @TurboTaxKim for replying!   Ok so how do I fil... https://turbotax.community.intuit.ca/community/getting-started/discussion/thank-you-turbotaxkim-for-replying-ok-so-how-do-i-fil/01/940803#M14408 Thank you <A href="https://turbotax.community.intuit.ca/users/493bb87b-4d13-4f06-ba91-a55f20b62959" rel="nofollow" target="_blank">@TurboTaxKim</A> for replying!&nbsp;&nbsp;<BR />Ok so how do I fill T2125 Business Identification and the other parts of this form if I am a Youtuber? Thu, 31 Oct 2019 08:43:56 GMT https://turbotax.community.intuit.ca/community/getting-started/discussion/thank-you-turbotaxkim-for-replying-ok-so-how-do-i-fil/01/940803#M14408 Brian12444 2019-10-31T08:43:56Z
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topic Hi, I didn't work this year but I received income (ad revenue generated from Youtube). So do I report this income as self-employed or as other income ? in Getting started
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https://turbotax.community.intuit.ca/community/getting-started/discussion/hi-i-didn-t-work-this-year-but-i-received-income-ad-revenue-generated-from-youtube-so-do-i-report/01/940801#M14406
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<P></P><P>Hi, I am full time student and still dependent. I didn't work this year but I received income (ad revenue generated from Youtube).&nbsp;</P><P>So do I report this income as self-employed or as other income ?&nbsp;</P><P>I read TurboTax tax preperation tips for self-employed canadians and it says that "according to the Canada Revenue Agency, if you provide a service or a product with an expectation of profit, you are considered self-employed".</P><P>I don't own a business so I think it falls under the category of other income...</P><P>I want a tax expert to help me please.</P>
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Hi, I didn't work this year but I received income (ad revenue generated from Youtube). So do I report this income as self-employed or as other income ?
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https://turbotax.community.intuit.ca/community/getting-started/discussion/hi-i-didn-t-work-this-year-but-i-received-income-ad-revenue-generated-from-youtube-so-do-i-report/01/940801#M14406
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<P></P><P>Hi, I am full time student and still dependent. I didn't work this year but I received income (ad revenue generated from Youtube).&nbsp;</P><P>So do I report this income as self-employed or as other income ?&nbsp;</P><P>I read TurboTax tax preperation tips for self-employed canadians and it says that "according to the Canada Revenue Agency, if you provide a service or a product with an expectation of profit, you are considered self-employed".</P><P>I don't own a business so I think it falls under the category of other income...</P><P>I want a tax expert to help me please.</P>
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If the income you received from YouTube is under $3,500 (...
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https://turbotax.community.intuit.ca/community/getting-started/discussion/if-the-income-you-received-from-youtube-is-under-3-500/01/940802#M14407
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<P>If the income you received from YouTube is under $3,500 (CAD) then you can report it as "other income"</P><UL> <LI>Go to the Income Tab &gt; Other Income Sources &gt; Income not reported on a T-Slip.</LI> <LI>Check the box -&nbsp;Received tips, gratuities, occasional earnings, or other employment income<B>.</B> </LI> <LI>Continue to the page "Other Employment Income Sources" and make your entry.</LI> </UL><P>If your occasional earnings exceed $3,500 gross, CRA requires you to report this a "Self-Employed" earnings on a T2125 Statement of Business Activities. You will be required to pay CPP contributions on any net amount (after expenses) that is over the $3,500 threshold. You will then need to navigate to the Self-Employment section of TurboTax and report this as an "Other type of Business".</P>
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Thank you @TurboTaxKim for replying!   Ok so how do I fil...
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https://turbotax.community.intuit.ca/community/getting-started/discussion/thank-you-turbotaxkim-for-replying-ok-so-how-do-i-fil/01/940803#M14408
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Thank you <A href="https://turbotax.community.intuit.ca/users/493bb87b-4d13-4f06-ba91-a55f20b62959" rel="nofollow" target="_blank">@TurboTaxKim</A> for replying!&nbsp;&nbsp;<BR />Ok so how do I fill T2125 Business Identification and the other parts of this form if I am a Youtuber?
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https://turbotax.community.intuit.ca/community/getting-started/discussion/thank-you-turbotaxkim-for-replying-ok-so-how-do-i-fil/01/940803#M14408
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