Maximize Your Earnings – Minimize Your Tax Burden!
The Canada Revenue Agency (CRA) requires all rideshare drivers (Uber, Lyft, and similar platforms) to file income tax annually. Since income tax is not deducted from your earnings throughout the year, it is your responsibility to report and pay taxes at tax time.
As a rideshare driver, you work hard—let Canada Professional Accountants help you keep more of your money by ensuring you claim all eligible deductions, including:
✔ Vehicle depreciation
✔ Fuel expenses
✔ Car washes
✔ Routine maintenance
✔ Passenger-related expenses and more!
📅 Book an Appointment Today!
🚨 Why Filing on Time Matters
Even if you can’t pay your full tax bill immediately, it’s still in your best interest to file on time. Failure to file leads to:
❌ Penalties for late filing
❌ Interest charges on the amount owed
❌ Increased risk of CRA audits
The CRA cross-references your reported earnings with data provided by Uber/Lyft. If discrepancies are found, you may face an audit—which can be costly and stressful.
How Canada Professional Accountants Can Help
At Canada Professional Accountants, we specialize in rideshare tax services and ensure your tax return is filed accurately and efficiently. Our experts will:
✅ Maximize deductions to lower your taxable income
✅ Ensure accurate income reporting to avoid CRA audits
✅ Provide guidance on tax payments and installment plans
✅ Assist with CRA audits & disputes, if necessary
If you’re unsure about your tax obligations, need help filing, or are facing a CRA audit, don’t wait—contact Canada Professional Accountants today and let our experts handle everything for you!
📞 Book your appointment now! 🚗💨
