Canada to Start Tracking Gig Workers’ Income Under New Tax Rules

Canada will require digital platforms like Uber and DoorDash to disclose their workers’ earnings to tax authorities from 2024, marking a significant change for millions of gig workers under new federal legislation.

The amendment to the Income Tax Act, Bill C-47, sets a January 31 deadline for platforms to report to the Canada Revenue Agency. The requirement applies to workers earning above $2,800 annually who complete more than 30 platform activities.

“It does not change how you should look at your taxes, because the rules for taxpayers did not change,” H&R Block tax expert Yannick Lemay told The Toronto Star. “But it changes how CRA might reconcile your income to find out if you have, indeed, declared all your income.”

Platforms must provide workers with copies of their CRA filings, though disclosure formats may differ between companies. The legislation affects a growing gig workforce, with Statistics Canada reporting more than 800,000 people rely on such work as their primary income.

A survey by H&R Block found that among nine million Canadians in the gig economy, 43% said they would consider risking not declaring all income to reduce their tax burden. Both Uber and DoorDash confirmed they will comply with the new requirements, while Lyft and Skip the Dishes did not respond to requests for comment.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Hidden Environmental Cost of Fertilizer | Robin Dow

Could Silver Stay This High? | Joaquín Marias – Argenta Silver

Can Historic Silver Data Turn Into a New Mine? | Rob Macdonald – Equity Metals

Recommended

First Majestic Drills 3.43 g/t Gold Over 24.4 Metres At Jerritt Canyon

Goliath Resources Secures 100% Ownership of Golddigger Property in BC’s Golden Triangle

Related News

Binance To No Longer Service Ontarians Following OSC Crackdown On Crypto Exchanges

It appears that the writing might finally be on the wall for the use of...

Saturday, June 26, 2021, 11:18:19 AM

Canadian Aluminum Exports To The US May Become Subject To 10% Tariff

Due to the coronavirus pandemic bringing the US economy to a sudden standstill, many domestic...

Wednesday, June 24, 2020, 01:25:00 PM

Continued Low Employment Levels Suggest Canada’s Job Recovery has Slowed Down

Despite the Canadian economy reopening alongside the lifting of various restrictions, it appears the job...

Friday, July 10, 2020, 11:30:00 AM

Canada’s Unemployment Rate Rises To 6.4% As Job Market Stalls

Canada’s labor market unexpectedly shed jobs in June, with the unemployment rate climbing to 6.4%,...

Friday, July 5, 2024, 09:33:11 AM

Latest Polls Show Conservatives Gaining More Support, Majority of Canadians Think Trudeau Should Step Down

As the fall season approaches, Prime Minister Justin Trudeau’s political future hangs in the balance,...

Tuesday, August 29, 2023, 12:40:00 PM