File your 2023 Uber/UberEats tax return for only $80! Limited spots available! Book now at instaccountant.com/uber-driver-tax-return-canada-2023-offer/
Thanks for sharing... I have a 2017 Honda Civic, that I own (bought brand new and now paid off). I have already claimed the depreciation on the car, when it was used as a taxi. Now, It's no longer a Taxi and I'm going to instead use it as an Uber vehicle. Can I charge depreciation on it. If so, how much?
Hey Murtaza! If I start ride share only this month, but have only done Uber eats since beginning of this year, and I buy a new car in October - does this mean I have almost no HST ITC to claim back? Or do just the HST I pay on finance payments in the car in the calendar year count?
Hi, 2 Questions: 1- Do We have to remit the HST if the rideshare income is less than 30K? 2- Do we have to remit HST if the overall self-employed income (from rideshare, after factoring the CCA of your car) is a loss? Thanks in advance.
Yes, you have to file HST return in any case if you are doing rideshare. Secondly, if you need to remit HST or not, depends on your HST output and inputs.
Thanks for your video. I have two questions; Should I include the Gst/Hst as part of my income? Do I have to deduct the uber service fee( or any other deductions) when reporting my income since these deductions did not include the amounts uber paid to me. Thanks
Gst/Hst is not a part of your income. You should deduct the Uber service fee as an expense, instead of deducting it directly from the income. This will have the same effect, but thats proper presentation of income.
Thx for sharing valuable content. My question is related with Instacart. How can I pay HST if I can’t see any deductions on my payments or cash out? I mean how can I fulfill the correct amount of HST for example in CAD50,000 in revenues during the year? Thx a lot in advance
If you are making over 30000, you need to register for HST. You are expected take care of HST, calculate the HST collected and remit to CRA, and file the return.
Uber rideshare drivers must register for GST/HST within 30 days of their first ride. For UberEats, registration is required once earnings exceed $30,000, according to the CRA.
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File your 2023 Uber/UberEats tax return for only $80! Limited spots available! Book now at instaccountant.com/uber-driver-tax-return-canada-2023-offer/
How much if i want to verify my uber drive tax 2023 please?
@@lifeincanada7473Contact on +1 647-243-2884 please.
V well explained thnx for sharing sch an amaizing video
Thanks for your appreciation as well.
Your explanation is Awesome 👍
Thank you soo much for your appreciation.
Thanks for sharing... I have a 2017 Honda Civic, that I own (bought brand new and now paid off). I have already claimed the depreciation on the car, when it was used as a taxi. Now, It's no longer a Taxi and I'm going to instead use it as an Uber vehicle. Can I charge depreciation on it. If so, how much?
You can charge the depreciation on the current value when you started Uber.
this is amazing thanks for the info ❤
Thanks for the encouragement dear.
Hi! Should I be saving fuel and maintanence expenses receipts too?
Yes, receipts serve as documentation to support your deductible expenses when filing your taxes.
You can use the Zoombooks app to scan and save your expense receipts.
Hey Murtaza! If I start ride share only this month, but have only done Uber eats since beginning of this year, and I buy a new car in October - does this mean I have almost no HST ITC to claim back? Or do just the HST I pay on finance payments in the car in the calendar year count?
You can claim HST, need to be worked upon in detail.
If I bought a car from dealership to driver for Uber can I claim ITC on the purchase price of the car? Thank you so much for the advice.
Yes you can, up to the limit and for the business portion.
@ thank you! :)
Does it change if I don’t drive next year? Do I’ve to payback the claimed ITC?
@@SaeedKhan-np2wo You may need to repay some or all of the claimed ITC based on the change in usage.
Hi, 2 Questions:
1- Do We have to remit the HST if the rideshare income is less than 30K?
2- Do we have to remit HST if the overall self-employed income (from rideshare, after factoring the CCA of your car) is a loss?
Thanks in advance.
Yes, you have to file HST return in any case if you are doing rideshare. Secondly, if you need to remit HST or not, depends on your HST output and inputs.
If the Uber ride sharing income under 30000$ do I have to pay tax ?
Yes, you have to file HST return in any case if you are doing rideshare. @@jwkk28
Thanks for your video. I have two questions; Should I include the Gst/Hst as part of my income? Do I have to deduct the uber service fee( or any other deductions) when reporting my income since these deductions did not include the amounts uber paid to me. Thanks
Gst/Hst is not a part of your income. You should deduct the Uber service fee as an expense, instead of deducting it directly from the income. This will have the same effect, but thats proper presentation of income.
Thank you
Thx for sharing valuable content. My question is related with Instacart. How can I pay HST if I can’t see any deductions on my payments or cash out? I mean how can I fulfill the correct amount of HST for example in CAD50,000 in revenues during the year?
Thx a lot in advance
If you are making over 30000, you need to register for HST. You are expected take care of HST, calculate the HST collected and remit to CRA, and file the return.
Hello, can you do a video on how to do CCA on car and how to take gst from it please?
Of course! I'll make a video on car CCA and GST soon. Subscribe and stay tuned!
@@instaccountant I’m very excited to see this is coming along. I’m subscribed!
Hello,
If in the summary if they specify HST Paid to uber, Do I need to deduct that amount too?
That will be used in HST tax return as ITC.
Very well thamk to share it ☺☺
Thank you too! Please subscribe
Most of your videos are theory and explination. Can you make practical video on a computer? Thanks alot
Sure, I'll prioritize making practical computer tutorials soon. Stay tuned for updates!
Hi I bought a car for Uber. Can I claim Hst paid on car around $4000 in ITC? Thanks 🙏
Did you confirm it? Let me know i also have the same query
thanks 4 sharing
Thank you too
Best of luck
Thanks
hi,do i deduct hst on the total of service fee or onthe total of hst i paid to uber or both ,can u clear where i do the deduction.thanks
Yes, you should deduct HST paid to Uber for its service.
@@instaccountant so If service fee is $5.00 I deduct HST paid on that $5.00? So 5.00 / 1.13 is what I deduct from total due HST?
@@hassu2149 Yes that's right
Nice job
Thanks
good
Thanks
Very nice information
Thank you for your value able feedback.
Hello sir
Uber se ek link aaya hu aa hai new id pe 70trip 23,000 rupees de rah h
Is it true that if you earn less then 30000$ you don’t have to pay any hst as an uber driver🙏🏻🙏🏻
Uber rideshare drivers must register for GST/HST within 30 days of their first ride. For UberEats, registration is required once earnings exceed $30,000, according to the CRA.