TAX MYTH – Reporting Tip Income
Written By Kyle on April 28, 2017
Every year across Canada, some of the country’s service industry workers file their taxes without adequate support for their tip income. Tax Myth: I can report my tip income as a percentage of my T4 Although this is a common practice for some taxpayers in Canada, it is not an acceptable method of reporting tip income. In fact, in some cases the employees are not required to report tips at all as the responsibility may fall on the employer. Regardless of […]
