Is My Side Hustle Income?
Understand how tutoring, freelancing, reselling and content may create reportable income.
A side hustle may include tutoring, lawn care, editing, design, selling products, commissions or content income. Calling it small does not remove possible tax obligations.
Business income
The CRA generally describes business income as income from an activity carried on for profit where evidence supports that intention.
Cash and non-cash benefits connected with commercial activity may have tax consequences.
Employment income differs from self-employment income.
Selling belongings
Selling one personal item is not automatically a resale business.
Repeatedly buying items to sell for profit may be a business activity.
The facts and purpose matter more than the platform used.
Track income
Keep records of cash, transfers, platform payments and other income.
Try this
- 1List everything of value you received: cash, e-Transfers, platform payments, tips, commissions and free products or services.
- 2Note the date and source of each.
3 questions
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Official sources
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