Benefits await gig workers who come clean with CRA
BNN Bloomberg
An estimated 28 per cent or 9 million Canadians are considered part of the gig economy, according to a recent H&R Block survey.
For some, part-time work is a sole source of income. For others, it’s a side hustle to full-time employment or a retirement income supplement.
In any case, the Canada Revenue Agency (CRA) considers it 'income' and that could spell trouble for gig workers who don’t declare their cash. (Added a link to CRA GIG workers for those who don't know what that is)
The H&R Block survey also finds 27 per cent of gig workers did not file last year and 32 per cent do not plan to file any gig-related income before the June 15 deadline for self-employed Canadians.
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