Are You an Uber Driver? Here Are Some Tax Tips for You

Doing taxes has never been easy. And when you add some additional income taxes, it just becomes a more annoying and complicated affair. So, here is a cheat list for you to do your uber income tax.

Let us start by knowing which forms you need to submit for your taxes.

As per the Canadian income tax rules, an uber driver is considered as a self-employed person. Therefore, along with the usual Income tax form, you also need to submit Form T2125 showing the income from your self-employed business.

Now that you are done with the list of forms, here is the list of documents you need to keep handy for doing taxes.

  • Annual tax summary
  • Bills, receipts, and all other statements for a tax deduction
  • Total vehicle mileage for the year
  • Kilometers driven for personal and business purposes
  • Social Insurance Number (SIN)
  • Documents related to any other employment
  • HST/GST number

Once you have all the necessary materials in hand, start by doing the taxes.

Step 1: Create a personal profile

Step 2: Create a tax profile

Step 3: Enter details regarding your income

Step 4: Complete Form T2125

Step 5: Review the form

Tada! You are done submitting your tax return form. If you need help with filling the form, we are here to help you. Our uber tax services will help you with all the tax issues and solutions offering you a stress-free experience while submitting income tax report.

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