{"id":4718,"date":"2021-04-29T19:17:19","date_gmt":"2021-04-29T23:17:19","guid":{"rendered":"https:\/\/amyotgelinas.com\/is-your-work-part-of-the-on-demand-economy-heres-what-you-need-to-know\/"},"modified":"2021-04-29T19:17:19","modified_gmt":"2021-04-29T23:17:19","slug":"is-your-work-part-of-the-on-demand-economy-heres-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/amyotgelinas.com\/en\/is-your-work-part-of-the-on-demand-economy-heres-what-you-need-to-know\/","title":{"rendered":"Is your work part of the on-demand economy? Here&#8217;s what you need to know"},"content":{"rendered":"<p>The on-demand economy depends on temporary and freelance work, or short-term contracts. If you communicate with your customers using online platforms or applications, such as Clickworker, Crowdsource or Fiverr, to provide them with your services, you&#8217;re usually considered <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=3146833-1&amp;h=1045112713&amp;u=https%3A%2F%2Fwww.canada.ca%2Ffr%2Fagence-revenu%2Fservices%2Fformulaires-publications%2Fpublications%2Frc4110%2Femploye-travailleur-independant.html&amp;a=travailleur+ind%C3%A9pendant+plut%C3%B4t+qu%27un+employ%C3%A9\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">self-employed rather than an employee<\/a>. You can work anywhere, because online platforms enable you to stay in touch with the companies that hire you, no matter where they are in the world.  <\/p>\n<p><b>Tax obligations<\/b><\/p>\n<p>As a resident of <span class=\"xn-location\">Canada<\/span>, you must declare your income from all sources when you file your income tax return. This includes any income you earn from businesses located outside the country. <\/p>\n<p>If you paid tax on foreign income, you may be entitled to a <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=3146833-1&amp;h=1747851251&amp;u=https%3A%2F%2Fwww.canada.ca%2Ffr%2Fagence-revenu%2Fservices%2Fimpot%2Fparticuliers%2Fsujets%2Ftout-votre-declaration-revenus%2Fdeclaration-revenus%2Fremplir-declaration-revenus%2Fdeductions-credits-depenses%2Fligne-40500-credit-federal-impot-etranger.html&amp;a=cr%C3%A9dit+d%27imp%C3%B4t\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">tax credit<\/a>. In addition, you may be able to claim eligible expenses related to income you earned in the on-demand economy. To declare expenses, you must keep proper financial records, including:  <\/p>\n<ul>\n<li>a list of all income from on-demand work;<\/li>\n<li>details of when, how and where you earned the money;<\/li>\n<li>details of the expenses you incurred to earn the money, supported by invoices, receipts or vouchers.<\/li>\n<\/ul>\n<div class=\"uncode_text_column\">\n<p><b>GST\/HST obligations<\/b><\/p>\n<\/div>\n<p>If you operate online with a reasonable expectation of profit and your taxable supplies total more than $30,000 over four calendar quarters, you must register for GST\/HST, collect tax on your taxable sales and remit it to the Agency. For more information on GST\/HST registration requirements, see <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=3146833-1&amp;h=1744203751&amp;u=https%3A%2F%2Fwww.canada.ca%2Ffr%2Fagence-revenu%2Fservices%2Fimpot%2Fentreprises%2Fsujets%2Ftps-tvh-entreprises%2Fquand-inscirie-facture.html&amp;a=Quand+s%27inscrire+et+commencer+%C3%A0+facturer+la+TPS%2FTVH\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">When to register and start charging GST\/HST<\/a>. <\/p>\n<p>If you have any questions or comments about this or any other commodity tax issue, please do not hesitate to contact our team.<\/p>\n<p><strong>Sylvie Therrien |<\/strong> <strong>Associate &#8211; Commodity Taxes<\/strong><\/p>\n<p><strong>Telephone: 450 971-1550 ext. 3321<\/strong><\/p>\n<p><a href=\"mailto:stherrien@amyotgelinas.com\"><strong>stherrien@amyotgelinas.com<\/strong><\/a><\/p>\n<p><b>How to correct your tax situation  <\/b><\/p>\n<p>If you haven&#8217;t declared the income you&#8217;ve earned in the on-demand economy, you may have to pay taxes, penalties and interest. By voluntarily correcting your tax record, you can avoid or reduce penalties and interest. <\/p>\n<p>To correct your tax situation (including making corrections to your GST\/HST returns) and declare income you didn&#8217;t report in previous years, you can request :<\/p>\n<ul>\n<li>a <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=3146833-1&amp;h=2105858739&amp;u=https%3A%2F%2Fwww.canada.ca%2Ffr%2Fagence-revenu%2Fservices%2Fimpot%2Fparticuliers%2Fsujets%2Ftout-votre-declaration-revenus%2Fcomment-modifier-votre-declaration.html&amp;a=modification+%C3%A0+votre+d%C3%A9claration+de+revenus\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">change to your tax return<\/a><\/u>;<\/li>\n<li>an <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=3146833-1&amp;h=1639648699&amp;u=https%3A%2F%2Fwww.canada.ca%2Ffr%2Fagence-revenu%2Fservices%2Fservices-electroniques%2Fservices-electroniques-entreprises%2Fimpotnet-tps-tvh%2Fimpotnet-tps-tvh-modifier-declaration-remboursement.html&amp;a=modification+%C3%A0+votre+d%C3%A9claration+de+TPS%2FTVH\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">amendment to your GST\/HST return<\/a>;<\/li>\n<li>a correction through the <u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=fr&amp;o=3146833-1&amp;h=1242086663&amp;u=https%3A%2F%2Fwww.canada.ca%2Ffr%2Fagence-revenu%2Fprogrammes%2Fa-propos-agence-revenu-canada-arc%2Fprogramme-divulgations-volontaires-apercu.html&amp;a=Programme+des+divulgations+volontaires\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Voluntary Disclosure Program<\/a><\/u>.<\/li>\n<\/ul>\n<p>SOURCE <span class=\"xn-location\">Canada<\/span> Revenue Agency<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The on-demand economy depends on temporary and freelance work, or short-term contracts. If you communicate with your customers using online platforms or applications, such as Clickworker, Crowdsource or Fiverr, to provide them with your services, you&#8217;re usually considered self-employed rather than an employee. You can work anywhere, because online platforms enable you to stay in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,137,136],"tags":[],"class_list":["post-4718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","category-consumption-taxes","category-personal-finances"],"acf":[],"_links":{"self":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/comments?post=4718"}],"version-history":[{"count":0,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media\/4719"}],"wp:attachment":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media?parent=4718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/categories?post=4718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/tags?post=4718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}