See how your province affects your gig tax. Compare take-home across all 10 provinces.
Yes. All gig income (Uber, DoorDash, SkipTheDishes, Etsy, freelancing, etc.) is considered self-employment income and must be reported on your T1 tax return. You'll file a T2125 form for business income.
Common deductions include vehicle expenses (km driven for work), phone/internet, supplies, home office, platform fees, insurance, and equipment. Keep all receipts — CRA requires documentation. The simplified home office deduction is $2/day up to $500.
Yes, self-employed individuals pay both the employee AND employer portions of CPP — double what an employee pays (11.9% total vs 5.95%). This is one of the biggest hidden costs of gig work.
If your worldwide revenue exceeds $30,000 in any 12-month period, you must register for GST/HST. Once registered, you charge GST/HST on your services and can claim Input Tax Credits (ITCs) to recover GST/HST paid on business expenses.
Provincial tax rates vary significantly on gig income. Alberta has the lowest combined rates while Quebec has the highest. On $60K in gig income, the difference between Alberta and Quebec can be over $4,000 in taxes.