Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Whether to supplement income or turn a passion project into a business, an increasing number of young Canadians are turning to the gig economy to make some extra cash. That’s prompting the Canada Revenue Agency (CRA) to pay closer attention to potentially under-reported tax returns of Etsy merchants, Uber drivers, social media influencers and beyond.

Source: BNNBloomberg.ca

Date: Mar 11, 2022

Link: https://www.bnnbloomberg.ca/how-to-navigate-the-tax-code-if-you-re-a-gig-economy-worker-1.1736255

Questions for discussion:

  • What are the taxation concerns for the small business operators as mentioned in this report?
  • What is the advice presented to these business operators?

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