sunshine shopper Wrote:
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> All right!! Another montrealer, thank goodness..!
> I´m new here.. anyone know the kinks & bolts
> regarding mystery shopping & taxation in the
> Federal-Provincial system? I´ve been trying to
> find information about wether or not you have to
> declare your earnings (and how)... since I heard
> that if you earn up to $500 a year it is not worth
> declaring, but more than that you have to do so..
> is that true?? I have visited the taxation sites
> of both Provincial-Federal but where do I have to
> look for just an indication that mystery shopping
> income is taxable? Are we (independent
> contractors) in the same league as independent
> representatives, for example, from Avon? Do
> companies send us T4 forms?
Bonjour! I have some info on this subject.
All income must be declared. You are considered an independant contractor (travailleur autonome). You will not get any T4 forms because you don't work for any companies, only yourself. You must keep track of your expenses and income because lots of stuff is deductible at the end of the year, i.e. car depreciation, gas, insurance, lots of different stuff if you work out of your home like your internet connection, part of your hydro, part of your phone bill, etc.
If you make more than $30K, you must apply for a GST fax form. I have not bothered to do this yet as I don't think it's necessary and frankly, I don't make $30 doing this.
Your best bet is to consult an accountant - that's what I did and got the answers I needed from someone who knew.
Good luck!