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/
The weekly Statement is confusing with regards to the HST (I mean Uber not Lyft). I'll give an example In a week I drove for Uber Earned income $96.11 Tips $9.00 Then, they deposited $111.85 on my bank account The statement mentions the HST as $19.03 Hang on The earned income which I assume is the Sales is 96.11, minus the tips ($9.00) ... $87.11 Then HST should be 13% of that ... that makes it $11.32 That's not close to what Uber mentioned on their statement ($19.03) Uber statement amount is 68% more!! Another way to calculate the HST is Assume the difference between the deposited amount and the earned amount as the HST. Then HST = $111.85 - $96.11 = $15.74 Still less than the statement amount (HST)!!
Thank you so much for your help. This is really an informative video that is going to help me a lot. I'm just thinking of getting into uber ride sharing, but confused for tax thing whether it can be filed under self-employed or not. I understood a lot through your video. I have one question, I am going to buy Tesla for Uber, will its charging cost be considered under tax claim?
I see lots of ppl taking about keeping mileage log to separate personal driving vs Uber driving. Uber has kms driven on a document at the end of the month. Is that enough to prove to cra what was driven for Uber vs personal?
I’m frustrated trying to get answers from Uber help line. On my tax statement Uber has a line that says tax -4.56. I’m wanting to know if Uber Canada deducts that as HST and pays it on my behalf or what else it may be. I’m getting no answer and they keep telling me they can’t give tax advice while my question has been what is that tax record mean. It’s not an income tax question it’s just a question to what they are including on my statement. Are they just telling me what I have to pay or are they collecting it from me? They needed my HST account number.
Thats quite unusual. This might have happened due to a payment refunded to a customer. You can share this explanation with Uber support for further assistance.
@@mrstephanwehner You need to get a GST/HST number after your first Uber ride. For UberEats, you should register when you make over $30,000, as per the CRA.
Bank or credit card statements only show the amount and date of the transaction, not the details of what you bought or who you paid. If you get audited, you will need receipts and invoices as well.
Get your Uber/UberEats driver tax return filed for just $60! Limited spots available! Book now at instaccountant.com/uber-driver-tax-return-canada-2023-offer/
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/
The weekly Statement is confusing with regards to the HST (I mean Uber not Lyft).
I'll give an example
In a week I drove for Uber
Earned income $96.11
Tips $9.00
Then, they deposited $111.85 on my bank account
The statement mentions the HST as $19.03
Hang on
The earned income which I assume is the Sales is 96.11, minus the tips ($9.00) ... $87.11
Then HST should be 13% of that ... that makes it $11.32
That's not close to what Uber mentioned on their statement ($19.03)
Uber statement amount is 68% more!!
Another way to calculate the HST is
Assume the difference between the deposited amount and the earned amount as the HST.
Then HST = $111.85 - $96.11 = $15.74
Still less than the statement amount (HST)!!
Thank you so much for your help. This is really an informative video that is going to help me a lot. I'm just thinking of getting into uber ride sharing, but confused for tax thing whether it can be filed under self-employed or not. I understood a lot through your video. I have one question, I am going to buy Tesla for Uber, will its charging cost be considered under tax claim?
Glad it was helpful!
Yes it will be
I see lots of ppl taking about keeping mileage log to separate personal driving vs Uber driving. Uber has kms driven on a document at the end of the month. Is that enough to prove to cra what was driven for Uber vs personal?
Ideally you should keep a log book. This can be used as a proof though.
I’m frustrated trying to get answers from Uber help line. On my tax statement Uber has a line that says tax -4.56. I’m wanting to know if Uber Canada deducts that as HST and pays it on my behalf or what else it may be. I’m getting no answer and they keep telling me they can’t give tax advice while my question has been what is that tax record mean. It’s not an income tax question it’s just a question to what they are including on my statement. Are they just telling me what I have to pay or are they collecting it from me? They needed my HST account number.
Thats quite unusual. This might have happened due to a payment refunded to a customer. You can share this explanation with Uber support for further assistance.
In the case of a tax audit, does the CRA accept a digital copy of receipts for expenses or does it have to be physical?
Digital copies are sufficient and you can use Zoombooks app to conveniently store and manage your receipts.
For all I know, the CRA only requires GST/HST payments once the annual income exceeds $30,000. If the income is less, no HST needs to be submitted
You have to file HST if you did Uber rides, irrespective of the income amount.
Oh is it a part of the contract with Uber? Does Uber require drivers to register for a GST/HST number?
@@mrstephanwehner You need to get a GST/HST number after your first Uber ride. For UberEats, you should register when you make over $30,000, as per the CRA.
@@instaccountant So if we made less than $30,000 in a year (say $300), there is no need to file it in our taxes?
@@mrstephanwehnernothing to do with Uber. You’re self employed under the tax system
Can we take ITC for new Car purchase using for uber and lyft?
Yes, you can
Hi do bank statements can be used as receipts
Bank or credit card statements only show the amount and date of the transaction, not the details of what you bought or who you paid. If you get audited, you will need receipts and invoices as well.
Kindly watch this video: th-cam.com/video/oK-wLZgz0po/w-d-xo.html
App not available in canada for IOS
Apologies! This is due to some technical issues that we are working hard to resolve.
The app you talked about bookkeeping Zoombook, is it paid ? where can I get it?
Zoombooks is a free mobile app that can be downloaded from the Google Play Store or App Store. (link in description)
Hi!
Can i use cost of safety standard (80+hst)certificate and police record cost(70$) as deductible when i file for taxes?
Yes you can@@zaidmohammad5179
Your cell no plz
Feel free to drop me a message on WhatsApp. +1 647-243-2884
Get your Uber/UberEats driver tax return filed for just $60! Limited spots available! Book now at instaccountant.com/uber-driver-tax-return-canada-2023-offer/