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Do I need to report this income?
A short guide to business income, employment and cases to confirm.
Payment method does not decide income status
Report taxable income even if paid in cash, e-transfer, WeChat or Alipay, or without a slip. There is no general $30,000 income-tax exemption for side work. Genuine gifts, personal-item disposals and registered investments have their own rules; they are not automatically business revenue. CRA considers the whole working relationship, with different legal factors in Quebec.