Thank you for sharing this. Super helpful. Question on the fuel example - do we have to pro-rate the ITCs if say 70% of the fuel was used for business (uber) and 30% for personal?
i do uber taxi and my total income is 3500$ ..so in Line 101 in sales and revenue i have to write total income (3500$) or i have to minus my expenses and than put the remaining amount sales and revenue column??
Hi I live in Milton Ontario a student, just started Uber eats three days ago will take time to activate uber passenger, so How soon i will need GST/HST no? i know it will take a while to cross the threshold of $30000?
I have been driving with uberx for about 5 months, and forgot to register for hst gst number with cra. Is it to late to do that now and if it is not. Will cra penalize for the past 5 months of unpayed hst/gst?
hi sir , thanks for the info , but i have question , uber given me 2 subs - one is GROSS FARE BREAKDOWN-GST/HST you collected from Riders and second is FEE BREAKDOWN -GST/HST you paid to Uber - so i have to pay both of them ?
@@instaccountant one more thing sir - i created a business account but when i registering the account on CRA its not proceeding - saying NON - resident - what should I do ?
I bought a slightly used car to drive for Uber and I had to pay the 13% on the purchase price of car. Can this HST be used to off the HST I collected from rides? Secondly what if my HST paid is more than HST collected, will I get a refund?
Hi sir I am a full time Uber driver so I collected around 6000 hat from customers can you please tell me how much I should pay after showing my expenses . I want a rough calculation because I should get money from back home to pay hat now
Right now I do Uber eats/doordash, I know my income will be under the 30k so I will be exempt from having to register and pay the HST, am I still able to claim my expenses though? (fuel costs, vehicle repairs etc?)
hi, actually my concern is that i started uber driver through car last two months and approximately total amount is 2000$ should i need to get hst number and pay the tax?
Great sir, I have one doubt I have done uber eats delivery for the first time on a bicycle. I just downloaded my Tax summary of uber 2022, and I saw that there is a column stating that "GST/HST you collected from Riders and from Uber is Zero". So now do I need to apply for a TAX return 2022 for uber also? Do I need to get a GST/HST number?
Hi, great information about GST/HST, thanks. I started to collect GST/HST only in june of 2022, so i have like 7 months of additional numbers from Uber Eats that i put againt 12 months of expenses. Do I need to do some calculation to make sure it’s the right proportion or %? Thanks
Sir, I have a Question This year, I worked for five months as an employee for five months (Earned 10k) and uber grossed around 25k). Do I need to pay any GST/HST? Paid last year because the amount was more than 30k
Hi sir I make around 26000$ last year 2021 end up all my dedication I paid 1300$ hst back to Canada government! What is your opinion? Too high? Or normal? I already deducted my gas car maintaining any things else I can do to reduce my tax ? Thank you 🙏
Thanks for this information it’s very helpful, can you please tell us how to fill this same information for NON-RESIDENTS BUSINESS NUMBER & ACCOUNT REGISTRATION
why do they add music when it is an educational video, funniest thing ever, it is like challenging your ability to focus
Apologies for any inconvenience caused. The music was intended to enhance engagement, not to challenge focus. Thank you for your feedback.
Great information, I'm a new driver of uber eats delivering and this channel is exactly what I am looking for
Thank you soo much rusty. Keep watching!
Thank you for sharing this. Super helpful. Question on the fuel example - do we have to pro-rate the ITCs if say 70% of the fuel was used for business (uber) and 30% for personal?
Yes, only for the portion used for business.
i do uber taxi and my total income is 3500$ ..so in Line 101 in sales and revenue i have to write total income (3500$)
or i have to minus my expenses and than put the remaining amount sales and revenue column??
Report total income without deducting any expenses.
Hi I live in Milton Ontario a student, just started Uber eats three days ago will take time to activate uber passenger, so How soon i will need GST/HST no? i know it will take a while to cross the threshold of $30000?
Yes, register once you reach the $30k threshold.
I have been driving with uberx for about 5 months, and forgot to register for hst gst number with cra. Is it to late to do that now and if it is not. Will cra penalize for the past 5 months of unpayed hst/gst?
You should get HST soon as you can. All the related information for past 5 months needs to be accurately reported in HST return when you file it.
Hi ... I have a question ... For an uber x driver, can he claim hst paid on car purchase in the first year of purchase ??
Yes, certain conditions apply.
hi sir , thanks for the info , but i have question , uber given me 2 subs - one is GROSS FARE BREAKDOWN-GST/HST you collected from Riders and second is FEE BREAKDOWN -GST/HST you paid to Uber - so i have to pay both of them ?
Pay GST/HST amount collected from riders and claim another as an ITC.
@@instaccountant one more thing sir - i created a business account but when i registering the account on CRA its not proceeding - saying NON - resident - what should I do ?
@@ishpreetkaur7964 if you are a non-resident, the process is slightly different. The best way will be to call CRA and discuss.
great video bro, also made me realize you do not end up saving much in Uber - Uber takes a big cut and then you pay HST too
Glad you liked it! Please Subscribe
I bought a slightly used car to drive for Uber and I had to pay the 13% on the purchase price of car. Can this HST be used to off the HST I collected from rides? Secondly what if my HST paid is more than HST collected, will I get a refund?
If your HST paid is more than HST collected, you can claim a refund for the difference by filing your HST return. (Proper record-keeping is essential)
Hi sir I am a full time Uber driver so I collected around 6000 hat from customers can you please tell me how much I should pay after showing my expenses . I want a rough calculation because I should get money from back home to pay hat now
It's impossible to calculate exact taxes owed without knowing your expenses and specific tax situation.
Right now I do Uber eats/doordash, I know my income will be under the 30k so I will be exempt from having to register and pay the HST, am I still able to claim my expenses though? (fuel costs, vehicle repairs etc?)
Yes you will claim expenses against income
hi, actually my concern is that i started uber driver through car last two months and approximately total amount is 2000$ should i need to get hst number and pay the tax?
You need to get a GST/HST number after your first Uber ride.
I have doubts about register GST number for UBER
Please contact me via email at info@instaccountant.com
Great sir, I have one doubt I have done uber eats delivery for the first time on a bicycle. I just downloaded my Tax summary of uber 2022, and I saw that there is a column stating that "GST/HST you collected from Riders and from Uber is Zero". So now do I need to apply for a TAX return 2022 for uber also? Do I need to get a GST/HST number?
If you earned any Uber income during 2022, you have to file income tax return as a self employed.
You don't have to unless Uber reports HST collected on your tax summary.
Hello sir
I am on open work permit
I am non resident
How to apply for HST, my uber account went into hold for not submitting HST number.
You can do this online through the Business Registration Online (BRO) service.
Hi, great information about GST/HST, thanks. I started to collect GST/HST only in june of 2022, so i have like 7 months of additional numbers from Uber Eats that i put againt 12 months of expenses. Do I need to do some calculation to make sure it’s the right proportion or %?
Thanks
Yes, you have to do that.
Hi there how to register for hst gst for a temporary resident of Canada i can't find the right link
It would be better to contact me via email for a personalized consultation. It's free!
you mentioned meals in the video. what meals can you deduct? I do separate the hst paid on the meals.
You can claim some meals amount only if you are full timer
Sir, I have a Question
This year, I worked for five months as an employee for five months (Earned 10k) and uber grossed around 25k).
Do I need to pay any GST/HST? Paid last year because the amount was more than 30k
If you did Uber rides, then yes. Otherwise you don't have to unless Uber reports HST collected on your tax summary.
Sir , I work full time on other job and do part time uber eats in my extra time , does it create any conflict? Or hardly do 100 to 150 $ / week
No that's perfectly fine. A lot of employed people like you do Uber eats as part time, which makes you extra money and saves tax.
@@instaccountant thank you for replying back. How to create HST /GST and we have to file tax each year or quarterly?
@@punitlad1966 You can register for HST online or by calling CRA. Annual filing is better for Uber drivers. It's your choice though.
But uber is not paying me gst just paying my net income only i drive uber x and registered for gst as well but ola does pay extra gst but not uber
Uber pays you amount that included gst and need to be reported in gst return.
Hi sir I make around 26000$ last year 2021 end up all my dedication I paid 1300$ hst back to Canada government! What is your opinion? Too high? Or normal? I already deducted my gas car maintaining any things else I can do to reduce my tax ? Thank you 🙏
I cannot comment on that unless I have complete information.
Great explanation! Thank you as always.
Glad you liked it!
Does it applies also for UberEats?
Yes
Hello sir , i am trying to get gst/hst for uber but when I entered my SIN number it shows ERROR-210
Are you a resident? Check with CRA.
How to register for gst/hst on student visa?
You will have to register as a non resident.
@@instaccountant yeah but how and where
Thanks for this information it’s very helpful, can you please tell us how to fill this same information for NON-RESIDENTS BUSINESS NUMBER & ACCOUNT REGISTRATION
I will make a video on non resident filings as well.
Very difficult topic but u explained well
Thank you soo much.
if the total UBer revenue is less than 30K, does it mean the HST is exempted. ?
You have to file HST if you did Uber rides, irrespective of the income amount.
surely the big amount was a surprise haha
My friend told me ! If Uber driver make less 30000$ don't have report the income to the government; thank you
You have to file HST if you did Uber rides, irrespective of the income amount.
Good job bro
Thank you soo much.
appreciate sir
Thank you soo much Sukhwinder. Keep watching & subscribe!
Zabardast great Job 👍
Thank you soo much.
Doing good job
Thank you soo much.
Please don't use this accent, talk normally, its very annoying
Thanks for your valued feedback.