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

Gold Isn’t In A Bubble, Currency Is. – Doug Casey

The Real Move Begins When They Cut Rates | Peter Krauth

Is Altamira Gold Sitting On Brazil’s Next Big Gold Discovery?

Recommended

Stifel Initiates Coverage On Goliath Resources With $5.00 Price Target

ESGold Completes Mill Building Construction, Final Equipment Procurement Underway

Related News

Long-End of Canadian Yield Curve Sent Soaring on Plan to Issue Record Debt

Canada’s federal government plans to issue a a record level of long-term debt in 2021,...

Tuesday, April 20, 2021, 02:34:00 PM

Canada’s Labour Market Gains Slowing Down as Unemployment Rate Declines by 0.7% in August

It appears that Canada’s labour market continues to rebound from its coronavirus-induced historic slump of...

Friday, September 4, 2020, 03:41:37 PM

Canada Positioned to Fill Europe’s Natural Gas Gap as Russian Imports End

Canada is positioning itself as a key liquefied natural gas exporter as Europe’s push to...

Monday, July 7, 2025, 12:50:00 PM

Food Prices: Average Households Expected To Pay $1000 More In 2023

Food inflation may be slowing down compared to last year’s pace but the average family...

Monday, April 10, 2023, 02:17:00 PM

Canadian Manufacturing Sales Fall by Record in April

Following strict social distancing measures and mandatory shutdowns in April, new data has emerged regarding...

Tuesday, June 16, 2020, 11:34:30 AM