So anyone consulted an accountant about this issue? Is HST due after 30k on the total fare or your gross from Uber?
Fellow driver DougR have you actually filed yet, or is that what you will be filling i scared of audit i cannot afford audit right now i am swamped with a cruel amount of work.HST Paid on what you earned, minus your expenses.
I have not filed yet however I have a tax accountant that I have that files for me.
So this means 30k or over on pay you actually receive from Uber right? So 36-40k in fares (not including the booking fee)?I would double check this. I believe 30k is for gross income. At which point you need to charge hst on the item that put you over the threshold and everything after that. Assuming it's in a 12 month span.
That's what I would/will do because technically you only gross what you get from uber.So this means 30k or over on pay you actually receive from Uber right?
Uber is such scum aren't they? The real reason they bothered to send those totals.That's what I would/will do because technically you only gross what you get from uber.
If in reality you did actually gross booking fees etc then pay uber it would be different. The reality is uber charges riders differently despite what they say, you have no access to rider payment information and thus I will not be claiming what uber says I gross.
Total fares or what uber paid you lets say uber paid you 1000 bucks but your total fares were 1375 what do you pay hst onHST on Gross income, if your gross income is over 30k.
Who did you use for taxesYup did tax today and paid $4500 HST & CPP
When you do tax, if your income over 30k expect to pay a huge HST fees.