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Hello everyone

I did a small project for someone.

I earned $800 and the business owner paid me through a company cheque not a personal cheque...he never asked for my SIN or anything..

just wondering if I need to declare it when I do next year's taxes...
 

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Hello everyone

I did a small project for someone.

I earned $800 and the business owner paid me through a company cheque not a personal cheque...he never asked for my SIN or anything..

just wondering if I need to declare it when I do next year's taxes...
I think you should. What will you gain by not doing so? $100 in taxes? Is that $100 worth the lost sleep, worry and risk of CRA eventually catching up with you and doing an audit? That would cost you more in the long run.

Sleep well. Declare the income.
 

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I think you should. What will you gain by not doing so? $100 in taxes? Is that $100 worth the lost sleep, worry and risk of CRA eventually catching up with you and doing an audit? That would cost you more in the long run.

Sleep well. Declare the income.
A lot of people who rent rooms absolutely don't declare anything to the Taxwoman. What can CRA do if the money was paid cash?
 

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Hello everyone

I did a small project for someone.

I earned $800 and the business owner paid me through a company cheque not a personal cheque...he never asked for my SIN or anything..

just wondering if I need to declare it when I do next year's taxes...
I'd declare it in Statement of Business Activities. If you keep a separate work area in your home and use it exclusively for business, you'll be able to deduct home office expenses. If you keep receipts for money you spent in the course of your business activities, you'll be able to claim them as well.
 

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it was a transaction with another human being. declare it as they can always testify against you. even if they paid cash.....

only hide things that can't talk...
 

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To not report it would be tax evasion ... many people are perfectly willing to commit that crime ... are you?

You can be sure that the person who paid you will deduct, as an expense, the amount he paid you ... therefore, there is a paper-trail linking you to that income ... declare the income.
 

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What are you talking about? Nobody said anything about a promise. The client paid by company cheque, so obviously he's going to record the expense.
 
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