H&R Block Canada found that 28% of the 1,501 adults surveyed have taken jobs in the gig economy to boost their income, up from 13% in 2022
puts pressure on their finances, but many of them are tempted to not declare all the extra income they’re earning, according to a new survey by H&R Block Canada Inc.
But 49 per cent of those who currently have a side hustle indicated they would be willing to risk not declaring all their related income, and a further 44 per cent said they would be willing to risk not declaring any of it. “The good news is there are literally hundreds of potential deductions and expenses that can be claimed; many of which put money back into your pocket,” Lemay said. “The gig workforce is incredibly diverse, so navigating tax-related benefits can be complex. What’s important is having a full understanding of your specific tax situation, so you don’t inadvertently leave money on the table when filing your taxes.
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