You could be selling your art on Etsy or delivering late-night orders for Uber Eats.
Maybe you dog-sit on weekends for out-of-town pet owners, or tutor kids who need help with their homework after school.
No matter the side hustle, financial experts say it’s important to be aware of the rules surrounding your income declaration, especially as key deadlines for tax-filing season approach.
Misconceptions are common among self-employed workers—often those with side gigs—when it comes to rules for filing taxes, said Yannick Lemay, a tax expert with H&R Block Canada.
He said clients often get confused about how much income they need to earn to be required to declare it on their tax filings. The simple answer, he said, is that “there’s no such threshold.”…