Prep time: 15 minutes
Cook time: 20 minutes
Nutrition information per serving (1 arepa):
15 g protein;
12 g carbohydrate;
14 g fat;
5 g saturated fat;
50 mg cholesterol;
450 mg sodium;
2 g total sugars;
10% DV calcium;
10% DV iron.
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(NC) The sharing economy makes it easier for people or businesses to connect directly with others who can provide them with products and services they want.
Whether you’re renting out your cottage to help fund your retirement, driving for a ride-sharing company, or selling goods and services using online platforms or an app, there are plenty of opportunities to make money through the sharing economy. But be careful! This common new way of doing business comes with tax obligations.
What are your tax obligations in the sharing economy?
There are various tax implications to consider when income is earned through the sharing economy:
Getting your reporting right can help you avoid interest and penalties later.
Small business owners or self-employed individuals who need help understanding
their tax obligations can ask for a free visit from a CRA Liaison Officer at:
For more information about tax considerations when working in the sharing economy, visit Canada.ca/taxes-sharing-economy.