I occasionally help my parents with their business...

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New Member

I occasionally help my parents with their business. i am claiming what they give me as occasional income. can I elect to pay CPP on this money?

 
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Level 7

I occasionally help my parents with their business. i am claiming what they give me as occasional income. can I elect to pay CPP on this money?

You might need to first determine the nature of your income. This affects how you report the income. Review the information at the following link: https://turbotax.intuit.ca/tips/casual-labour-or-self-employed-whats-the-difference-1324

Depending on your net income for the year, CPP and EI might apply to this income.

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