How to Read Lyft Tax Summary 2023 in Canada | Calculate Lyft Driver Earnings and Deductions

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  • เผยแพร่เมื่อ 11 ธ.ค. 2024

ความคิดเห็น • 9

  • @fanglu1623
    @fanglu1623 8 หลายเดือนก่อน +2

    Hi thanks for the video. It's very helpful. I have a question: do you include the kilometers you drove to the customer's place?

  • @AmanSharma-jl6hs
    @AmanSharma-jl6hs 6 หลายเดือนก่อน +1

    Hi. I have a doubt about Canada’s tax deduction system.
    Like the tax deduction increases with increased work hours bi-weekly.
    Does this mean I should work for less hours or is it worth working more only? Can I get a return of the taxes my employer is deducting right now?
    I’m a student and I’m confused what to do.
    Like I can decrease my shift hours and focus on uber and rides rather than taking an extra shift and paying that days money as taxes.
    Can you please give me some clarity on this doubt please?

    • @instaccountant
      @instaccountant  6 หลายเดือนก่อน

      In Canada, taxes are deducted at the source based on income brackets, not hours worked.

  • @salmanmehmood9540
    @salmanmehmood9540 7 หลายเดือนก่อน +1

    Hey there! I'm curious to know if it's possible to file both Lyft and Uber income together on a single form, specifically with T2125.

    • @instaccountant
      @instaccountant  7 หลายเดือนก่อน

      Yes, you can combine income from multiple sources.

  • @CanadianImmigrantLife
    @CanadianImmigrantLife 8 หลายเดือนก่อน +1

    the sound goes off in between...

    • @instaccountant
      @instaccountant  8 หลายเดือนก่อน

      Apologies for the interruption.

  • @SereneHorizonsWellness
    @SereneHorizonsWellness 7 หลายเดือนก่อน +1

    No proper explanation. What you are telling everyone knows that. People don't know is how to use this while tax filing.

    • @instaccountant
      @instaccountant  7 หลายเดือนก่อน

      Thank you for your feedback. I'll work on providing more detailed guidance.