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Digital economy

Got Online Income? You Need to Report It!

Learn how to report your income from the digital economy.

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What’s the digital economy?

The digital economy is all the economic activities made possible by transformational digital technology and the Internet. It includes:

  • e-commerce (the sale of goods and services online via social media, transactional websites and digital platforms such as Amazon, eBay and Etsy)
  • the sharing economy (individuals sharing property, services or expertise on digital platforms such as Uber, DoorDash and Airbnb)
  • cryptoasset activities (including activities with cryptocurrency such as Bitcoin and Ethereum)
  • content creation (influencers, bloggers and other individuals who earn income online
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What about income tax? 

If you earn income from the digital economy, you must report it. However, reporting it doesn’t necessarily mean you’ll have to pay income tax. What’s more, it can help you:

  • get income tax credits
  • improve your standing with financial institutions, which can increase your borrowing capacity for a mortgage, car loan, etc.
  • be eligible for parental insurance benefits
  • increase your RRSP contribution ceiling
  • ensure your retirement pension from Retraite Québec is based on all your income

     
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Good to know!

Reporting your income can really pay off! Over 70% of the tax credits Revenu Québec pays out depend on taxpayers filing their income tax returns. 

Activities

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What do I have to do?

To report your income and expenses: 

  • complete form IN-80-V, Business or Professional Income and Expenses (see guide IN-155-V, Business and Professional Income); or
  • give us a financial statement showing all your income and expenses.
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Tip

Keep records and save supporting documents (receipts, etc.) so that you can deduct your expenses.

Got questions? We've got answers

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Want one-on-one help?

We offer content creators and meal delivery drivers free one-on-one help on a variety of topics related to being self-employed. We can meet by videoconference or in person (at your location of choice or our offices). We’ll tailor the information to your situation. For example, if you’re a meal delivery driver, we’ll take into account the business model used by your platform (SkipTheDishes, Uber Eats, DoorDash, etc.) when answering these and other questions:

  • What are my tax rights and obligations?
  • Which tax credits and refunds can I claim?
  • What are the most common mistakes?
  • What do I have to do when I get paid by a digital platform operator? 
  • When do I have to report a commission for services I provided?
  • Do I have to collect GST/HST and QST?
  • Do I have to make GST/HST and QST instalment payments?
  • What are My Account for businesses and clicSÉQUR?

To schedule a meeting or get more information, click Assistance Program

TAX CREDITS, DEDUCTIONS AND ALLOWANCES

TAX CREDITS, DEDUCTIONS AND ALLOWANCES

To see all the tax credits, deductions and allowances to which you may be entitled, click Tax Credits for Individuals and Deductions.

Solidarity tax credit

Tax credit for childcare expenses

Tax credits respecting the work premium

Amount for a person living alone

Deduction for workers

And much more!

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