Curious to know how the Canadian tax system applies to OnlyFans (OF)? Generally, you are responsible for paying your portion of income tax if you have joined OnlyFans as a performer and have begun earning money. Whether making $10 or $100,000 on the site, you
Article Key Takeaways Corporation automobiles are often used for different purposes, varying on the income and taxable benefits between personal use or business use Taxable benefits are found on T4 slips and deducted from payroll Charges and costs depend on the employer’s method of financing
Self-Employed Taxes In Ontario When you are deemed self-employed as either part of a partnership or as a sole proprietor, you need to record the company’s income/expenses relative to how much you own of the company as a part of your tax return for your
What Is A Capital Gain Or Capital Loss? A capital gain or loss is the difference between the purchase price of an investment and the proceeds received when it’s sold. The goal with any investment is to buy low and sell high so that you
Key Takeaways: Uber drivers are considered self-employed in Canada Self-employed individuals are subject to specific tax filing documents There are many deductible expenses that Uber drivers are eligible to claim, including mileage, accessories, insurance, etc. Uber drivers that make over $30,000 annually must file HST
