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.
It’s tax time! You’ve got questions? We’ve got answers.
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.
Eight things to remember before you file your 2021 income tax and benefit return
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
Are you a peer-to-peer seller? Here’s what you need to know
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.
Before you call: Find the answers you need for the 2022 tax-filing season
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.