In this episode, we’re breaking down all the tax essentials for social media influencers, content creators, and anyone monetizing their online presence. From referral codes and affiliate links to brand collaborations and sponsored trips, we cover what counts as income and what you need to report. We’ll also talk about the tricky area of receiving gifts and how to handle barter transactions—yes, those fancy purses and free hotel stays could come with tax implications!
Join me and special guest, Jami Monte as we dive into:
- What counts as income (7:05)
- Barter transactions and gifts (9:55)
- Self-assessed HST/GST on barter deals: (16:30)
- Write-offs for content creators (18:04)
- Potential solutions if you have messed up on your filings (26:55)
- Invoicing (29:00)
Tune in to learn how to keep your finances in check while you grow your online empire!
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What is The Tax Chick Podcast?
Tax is complex, but it does not always have to be so complicated and shrouded in mystery. Host Amanda Doucette is a self-proclaimed foodie, spin class and Pilates enthusiast, and a tax lawyer. She fell into the practice of tax law despite having a life-long hatred of spreadsheets, math and numbers in general. Join Amanda and her guests as they unpack some serious Canadian tax topics and attempt to demystify the world of tax.