Results 1 to 4 of 4

Thread: A message to all of our supporting members

  1. #1
    Administrator Fred Zed's Avatar
    Join Date
    May 2002
    Location
    UP ABOVE SMILING
    Posts
    690

    A message to all of our supporting members

    Please dont forget to ask for your tax receipts for 2018. The gov't filing deadline is at the end of this month. Thanks
    "Oh, so they have internet on computers now!" - Homer
    ______________________________________________
    Fred Zed\Administrator

  2. #2
    But, if you are a self employed sex worker and you are filing on your sex work income, from Wikipedia at https://en.wikipedia.org/wiki/Tax_return_(Canada)

    Tax returns for self-employed individuals and their spouses must be filed by June 15 of the following year. However, any Goods and Services Tax/Harmonized Sales Tax owing for the period is due April 30.

    and from Quickbooks at https://quickbooks.intuit.com/ca/res...ent-tax-forms/

    Calculating Gross and Net Self-Employment Income Using Form T2125

    As a self-employed person, you need to fill out Form T2125, the Statement of Business or Professional Activities. This form helps you calculate your gross income, which is the total amount of money you brought in during the year. It also helps you figure out your business expenses, which you can deduct from your gross income to lower your taxable income so you pay less in income taxes. When you’re self-employed, these deductions can have a big impact on your bottom line.

    On Form T2125, expect to provide the following details:

    Information about your business, including a description of your products and services
    Income that comes from internet business activities, such as affiliate sales or ad traffic revenue
    Business or professional income
    Goods and Services Tax (GST)/Harmonized Sales Tax (HST) you paid
    Costs paid while making and selling goods
    Business expenses
    Expenses you paid while running a business from home
    Information about your business partners (where applicable)

    After you complete Form T2125, you know your net and gross incomes for the year. Use these numbers to fill out your T1 tax return. You should fill out a separate T2125 for each business you run. If you sell crafts on Etsy and also provide writing services, for example, you should fill out two different T2125 forms.


    and

    Deadlines for Filing Self-Employment Tax Forms

    Most Canadians need to file their taxes by April 30 of each year. If you’re a full-time, self-employed professional, you’re eligible for an extension and can file your taxes up until June 15. However, you should still pay any taxes you owe by April 30. If you work for another company as a traditional employee, even part-time, you need to file your T1 return by April 30. If you prefer to file online, you can do so beginning on February 26.


    The industry code for sex work is 892100.

  3. #3
    Administrator Fred Zed's Avatar
    Join Date
    May 2002
    Location
    UP ABOVE SMILING
    Posts
    690
    ,..........Bump
    "Oh, so they have internet on computers now!" - Homer
    ______________________________________________
    Fred Zed\Administrator

  4. #4
    Laid-back User
    Join Date
    Aug 2015
    Location
    Nanaimo
    Posts
    271
    Quote Originally Posted by treveller View Post
    The industry code for sex work is 892100.
    Did you mean 812900?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •