The Canada Revenue Agency (CRA) is here to support you and your business in meeting your tax obligations.

If you are a self-employed individual, or your spouse or common-law partner is self-employed, you have until June 15, 2024, to file your 2023 income tax and benefit return. Since June 15, 2024 falls on a Saturday, you will be considered to have filed on time if we receive your return on or before June 17, 2024.

Whether the earnings you make from online platforms is your main source of income, or a small part of it, you are considered to be a platform economy participant. When it’s time to file your taxes, you must report all sources of your income, including gifts and donations.

What is the sharing economy?

In the sharing economy, individuals and businesses share their assets with others for a price. Arrangements are generally made using online platforms through a third party, or using a website or an application (app).

The sharing economy can take a variety of forms, such as:

• Transportation: ridesharing, rentals of bikes, boats, other motor equipment

• Accommodation sharing: renting out your home, rooms, cottage and more

• Space rentals: industrial kitchens, gardens, parking spots, workspaces, or laboratories

The Canada Revenue Agency (CRA) is committed to helping small and medium businesses by ensuring they have the information and guidance they need to stay organized and to better understand and meet their tax obligations.

Here’s what you can do to make sure you’re doing everything right:

• File and pay on time

• Organize your records and documents

• Resources for you – the CRA is here to help

Every tax season, thousands of people call us each week. They are looking for answers to their questions, trying to find information and wanting to solve any problems they have in doing their taxes.

We get it! We’re here to help you, and we want to offer you the best service possible, whether online or over the phone. We track the questions people ask us each year and use that information to design new services and improve our processes so you have better access to the tax and benefit information you’re asking for.

The 2021 tax-filing deadline for most individuals is April 30, 2022

Since April 30, 2022 falls on a Saturday, your tax return will be considered filed on time if:

• we receive it on or before May 2, 2022; or

• it's postmarked on or before May 2, 2022.

You have until June 15, 2022, to file your tax return if you or your spouse or common law-partner are self-employed. Please visit our Are you self-employed? The Canada Revenue Agency can help you understand your tax obligations tax tip for helpful information.

If you owe taxes to the Canada Revenue Agency (CRA), your payment will also be considered paid on time if we receive it, or it is processed at a Canadian financial institution, on or before May 2, 2022.

If you're self-employed, we understand that navigating your tax obligations may seem complicated. But don't worry! The Canada Revenue Agency (CRA) is focused on supporting you. To get ready for tax-filing season, we've put together helpful tips and information for self-employed individuals.

The 2021 tax-filing deadline for self-employed individuals is June 15, 2022. You have until June 15, 2022 to file your 2021 tax return if you or your spouse or common law-partner are self-employed.

The 2021 payment deadline is April 30, 2022. Although your 2021 tax-filing deadline is June 15, 2022, your payment is still due on April 30, 2022.

If you’re struggling to pay your tax debt, we understand and are here to help regardless of your tax situation. If you ignore your tax debt, it will grow with interest charges and penalties. Instead, let’s work together to figure out what your options are based on your financial situation.

Please note that penalties only apply if you file late or pay by instalments and your instalment payments are late or less than the required amount. Debts associated with COVID-19 Individual Emergency Benefits overpayments will not have penalties or interest assessed against the amount owing.

The Canada Revenue Agency (CRA) has observed a recent increase in Scientific Research and Experimental Development (SR&ED) claims containing false and/or fraudulent information. While the vast majority of claims filed for SR&ED tax incentives are compliant with filing requirements, the CRA is reminding you to make sure the information provided in your claim, including information submitted on your behalf by a representative, is valid.

What is SR&ED?

The SR&ED Tax Incentive Program is the largest Government of Canada program supporting research and development in Canada, providing more than $3 billion in tax incentives to over 16,000 businesses annually.

High call volumes to the Canada Revenue Agency's (CRA) Business Enquiries Line can result in long wait times to reach a client service representative.

Here are some quick and easy alternatives to finding the information you need (instead of calling).

Check Canada.ca: We're improving the information on our web pages to make it easier for Canadians to find what they need online. This includes services and information for:

• business number registration;

• business income tax;

• payroll;

• GST/HST for business; and much more.

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.

Employees of the Canada Revenue Agency (CRA) are working hard to answer questions you may have about your tax affairs. We want to help you file your income tax and benefit return and ensure you receive the benefits and credits you’re entitled to.

To help you, these are answers to the top questions we’re asked at tax time. You can also check out our questions and answers about filing your taxes page for more answers to common questions.

Getting ready to file your income tax and benefit return? We have a few tips that could help you prepare, save time and ensure you receive all the benefits and credits that you are entitled to:

1. File your return on time

2. File your return online

3. Claim all your benefits, credits, and deductions

4. Enter all your income and COVID-19 benefit payment amounts

5. Make the right claims

6. Simplify your life with My Account

7. Pay on time

8. Keep receipts and documents

A peer-to-peer (P2P) transaction involves the selling of goods from one person or party directly to another. You may be taking part in P2P selling if you are connecting with buyers through digital platforms like websites, online marketplaces or mobile applications (such as Etsy, eBay or Amazon).

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 through P2P or other transactions. If you paid foreign income tax, you could be eligible for a tax credit.

The tax-filing deadline for most individuals is April 30, 2022

Since April 30, 2022, falls on a Saturday, your return will be considered filed on time in either of the following situations:

• we receive it on or before May 2, 2022

• it is postmarked on or before May 2, 2022

You have until June 15, 2022, to file your tax return if you or your spouse or common law-partner are self-employed.