💼 Are You Reporting Your Side Hustle Income to the CRA?
Earn money from a side hustle? The CRA considers it business income—and yes, you must report it. Here’s what every Canadian side hustler should know.
💼 Are You Reporting Your Side Hustle Income to the CRA?
In today’s gig economy, side hustles are more common than ever. But whether it’s a few hundred dollars a month or thousands in extra income, the CRA sees it the same way — business income that must be reported.
Common Side Hustles Include:
🛍️ Selling on Etsy or Shopify
🚗 Driving for Uber, Lyft, or DoorDash
📝 Freelance writing, design, or consulting
📸 Content creation (YouTube, Instagram, etc.)
📚 Tutoring, coaching, or online teaching
❗ Why Reporting Matters:
If you're earning money — you're considered self-employed, even if it's part-time or casual.
👉 That means you’re required to:
Report all income on your personal tax return
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Track your business expenses
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Possibly charge and remit GST/HST (if over $30K/year)
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Keep proper records in case of a CRA review
💡 Pro Tip:
Even if you're not making much yet, start tracking your income and expenses now. It builds good habits and protects you from future penalties.
