HST for Uber (Rideshare) Drivers in Canada: By Accountant

If you are an Uber driver in Canada, you need to know your HST obligations. HST stands for Harmonized Sales Tax, which is a combination of federal and provincial sales taxes. As an Uber driver, you are considered a self-employed person who provides a taxable service. This means you have to register for HST, collect HST from your customers, and file HST returns to the Canada Revenue Agency (CRA).

To register for HST as an Uber driver in Canada, you need to have a business number (BN) from the CRA. You can apply for a BN online, by phone, or by mail. Once you have a BN, you can register for an HST account online or by phone. You will receive a GST/HST number that you will use to report your HST.

You have to collect HST from your customers on the fares and fees that you charge them. Uber will automatically add HST to your fares and fees and remit it to the CRA on your behalf. However, you are still responsible for reporting your HST on your own HST return.

You have to file an HST return every year, even if you have no HST to report or pay. The deadline for filing your HST return is June 15 of the following year. You can file your HST return online using the CRA's My Business Account service or by mail using the paper form.

As an Uber driver, you may be able to claim some tax deductions for your business expenses, such as gas, maintenance, insurance, and depreciation of your vehicle. You can also claim an input tax credit (ITC) for the HST that you paid on these expenses. To claim these deductions and credits, you need to keep accurate records of your income and expenses and keep all your receipts and invoices.

HST for Uber drivers in Canada can be complicated, but it is important to comply with the tax laws and avoid penalties and interest. If you need help with your HST registration, filing, or reporting, you can consult a professional accountant who specializes in Uber taxation.

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