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- What is a social media influencer? Social media influencers use social media platforms, such as YouTube, Instagram, Twitch, Facebook, Twitter, or a blog to

A cryptocurrency is a type of virtual asset that is protected using cryptography. It typically uses a system called a blockchain to record and keep a history of

Canada's Income Tax Act requires every Canadian tax resident to pay tax on "taxable income."

HUNTSVILLE, ONT. -- You may think it is just a hobby, but CRA may disagree. If you are earning money through a little side hustle, business activity or other extra gig, CRA wants its fair share. The agency believes a lot of tax dollars in the past may have gone uncollected, and they arent happy about it. How and where you make money is shifting, and CRA has been paying close attention to what are referred to as "platform economies". A platform economy is simply a platform that brings buy...

What is the sharing economy? The sharing economy connects individuals and businesses that are looking for a product or service to those that offer it. Arrangements are generally made using online platforms through a third party, or using a website or an application (app). The sharing economy can take a variety of forms, such as: Transportation: ridesharing, rentals of bikes, boats, or food deliveries Accommodation Sharing: renting out your home, rooms, or cottage Space Rentals: industrial kitch...

Introduction: Cryptocurrency-Trading Businesses in Canada Canadian cryptocurrency-trading businesses face unique challenges. The mostly unregulated market brings higher risk of fraud and cyber-crime. The volatile markets may bleed profits. And some cryptocurrency traders dont even realize that theyre carrying on a business, misreporting their profits as capital gains. This article aims to educate cryptocurrency traders on a fundamental income-tax issue: calculating the costs of their cryptocurr...