Claiming Income from CJ on ONTARIO income tax

Discussion in 'Commission Junction' started by firegirl29, Jul 14, 2009.

  1. #1
    Does anyone know how to go about claiming income received from CJ?
    I would think it would be as simple as adding in the column "other income". I have heard people say they don't even bother claiming anything as the funds come from the US - not sure if that is such a good idea ... could someone let me know.

    Thanks!
    M
     
    firegirl29, Jul 14, 2009 IP
  2. Kevin T Perry

    Kevin T Perry Peon

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    #2
    How much are we talking here? If its a few hundred dollars I wouldn't bother, but if we're talking thousands then you may want to claim it. If you are making a considerable amount you may also want to look into setting up a business license...you can then claim things like internet charges, cell phone bills, etc.

    Kevin
     
    Kevin T Perry, Jul 14, 2009 IP
  3. firegirl29

    firegirl29 Member

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    #3
    Thank you for your reply :)
    I am talking anywhere from $200 - $400 / month. I think I made around $2,000.00 in the last ten months.

    Do you think I need a licence for that amount? And would you claim that much if you were me?
     
    firegirl29, Jul 14, 2009 IP
  4. Kevin T Perry

    Kevin T Perry Peon

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    #4
    For that amount I don't think it would be necessary. I would probably claim if I was in the $5000 to $10000 range. I would say if you're making over $10000 I would look into registering yourself as a business, otherwise I don't think you would benefit much.

    Hope this helps

    Kevin
     
    Kevin T Perry, Jul 14, 2009 IP