CRA Updates Jason Smith CRA Updates Jason Smith

Do you work in the gig economy? Here’s what you need to know

As a resident of Canada, you must report your income from all sources on your income tax return. This includes any income you earn inside and outside of Canada, whether it is income from temporary, freelance work, short-term contracts or from other revenue sources.

If you paid foreign income tax, you could be eligible for a tax credit.

You can also claim eligible business expenses relating to income you earned through the gig economy.

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