The 7 most commonly asked tax questions by Canadian YouTubers (What you should know)

[@CanadianAccountants]

- Do Canadian TH-camrs
have to pay taxes
on their earnings? - 0:10
- How much do
Canadian TH-camrs
need to earn
before having to pay
taxes on the income? - 0:54
- What can
Canadian TH-camrs
deduct on
their tax return? - 1:42
- How do
Canadian TH-camrs
report their earnings
and pay taxes? - 2:46
- What is a tax rate for
Canadian TH-camrs? - 4:15
- How can
Canadian TH-camrs
avoid or reduce the 30% withholding taxes
for non US residents? - 5:27
- What are the
consequences of
not reporting and
paying taxes on your
TH-cam income
in Canada? - 6:56

[@Protagnst]

Well that completely answers why I haven't been seeing that 10% from the W-8BEN come off! Thanks for the info!

[@DoppaD]

Awesome... great info, thanks.

[@musclebuildingshorts]

It’s been awhile since I filled out the adsense tax forms for youtube but looks like I had filled out the W-8-BEN form back in 2022. I just checked my last two YT/adsense payouts and looks like the tax withheld is landing between 20-22% so I guess I’m getting a bit of a break. Better than the full 30%. Might have something to due with who is viewing my content the most, US vs Canada vs wherever.

[@KerryTarnow]

Great info!

[@CanadianAccountants]

Glad it was helpful!

[@TheSuburbanGardenista]

This is beyond helpful! Thank you SO much!!! 💚💚💚

[@CanadianAccountants]

Happy to help!

[@Tarapeutic]

I filled out the forms wrong with Google Ad Sense!! For the past two tax years, they were withholding 30% despite me being Canadian. I'm guessing I have to file with the IRS now. Do you think I need a TIN for this ? I'm going to have to go see an accountant I think. 😅

[@CanadianAccountants]

Hi Tarapeutic. Yes, your only way to recover those extra taxes will be to file US returns for those two years and in order to file you will need to get a US tax number (ITIN). Don’t hesitate to reach out if you would like some assistance with this.

[@maximum80theband69]

Quick question: Do you report ONLY what's on the 1042 form from ad sense? (In Canada)

[@CanadianAccountants]

You need to report all income earned from Adsense. This should coincide with what is reported on your 1042(s) however not necessarily.

[@moosesquach9006]

Could you comment on how taxes work when using pledge/donation sites like patreon to earn income for their work on TH-cam.? Does the income earned this way taxed as well or is it different because its considered a donation?

[@CanadianAccountants]

Hi Moosesquach. Sadly, income from sites like patreon would still be considered income like any other and fully taxable. 😐

[@moosesquach9006]

@@CanadianAccountants I should've guessed haha. Appreciate the response guys! You do excellent work, thank you!

[@Chuuzus]

Hello can I report my youtube income without the 1042-s form from google? i deleted my google payments profile so i can't get the form but i have kept track of how much i was paid throughout the year

[@CanadianAccountants]

Hi Chuuzu. Yes, you don’t need the 1042-S form to report the income. The form just helps you know what the income was.