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April 12, 2023
Question

I did some self-employed nannying work last year and I'm not sure where to claim my income? I made just over $3500 but I don't have many expenses to claim.

  • April 12, 2023
  • 1 reply
  • 0 views
Can I put it under casual labor?

    1 reply

    April 15, 2023

    If you exceed $3,500 in gross income, you must report this as self-employment income and fill out a T2125 (Statement of Business or Professional Activities). 

    As per the Canada Revenue Agency (CRA), if your net income exceeds $3,500, you will have to pay CPP contributions on it.

     

    Please read this TurboTax article for more information: Guidelines for Reporting Self-Employment Income

     

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