In my previous 2 tax returns, I filed my freelance work under other-income instead of self-employed. Will this be an issue in the future and do I need to submit changes?
In my previous 2 tax returns, I filed my freelance work under other-income instead of self-employed. Will this be an issue in the future and do I need to submit changes?
First check this list out to see if you are considered a self-employed freelance:
How to know if you’re self-employed?
Self-employed income must be reported at tax time, under the “self-employed” category. Which is different from your traditional T-4 income process if you were an employee of a company.
Here’s a quick checklist you can use:
Are you selling products and being paid for your products or services?
Are you driving for a rideshare company?
Are you working as a part time freelancer?
Do you walk dogs on the weekend as a side hustle?
If you said yes to any one of these, you’re considered self-employed!
When it comes to changing your past taxes- it will depend on if you were actually considered self-employed back then. If you need more assistance, please contact the CRA as they will be able to direct you. Call 1-800-959-8281 to get tax information
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