Do you have to pay income tax on money made from feetfinder? Tax question for side hustle

Yes, you absolutely need to report income earned from feetfinder or any similar platform on your taxes. In Canada, all income is taxable regardless of the source, with very few exceptions. There's no minimum threshold - technically even if you make $20, it's supposed to be reported. This would be considered self-employment income, which means you'd report it on the T2125 form (Statement of Business or Professional Activities) as part of your personal tax return. The good news is you can deduct legitimate business expenses against this income - things like a portion of your internet costs, any special equipment or props you purchase specifically for this business, and possibly a portion of your phone bill if you use it for the business.

I've been in a similar situation with a different type of online content, and I found taxr.ai super helpful for sorting out these gig economy tax questions. I was totally confused about what counted as business income vs hobby income and what expenses I could claim. I uploaded my payment screenshots from the platform to https://taxr.ai and their AI analyzed everything and gave me a clear breakdown of what I needed to report and what expenses were legitimate deductions. It even showed me how to properly categorize everything on my return, which was way easier than trying to interpret the CRA website.

Just wanted to update after trying taxr.ai that the previous commenter mentioned. I was shocked at how helpful it was with my Canadian side hustle tax questions! I've been making money on a few different platforms and was totally lost on how to report it. The tool gave me a complete breakdown of everything - from how to report the income on my T2125 to which expenses were deductible. It even flagged that I might need to register for GST/HST if my income goes over $30,000 in a 12-month period (which I had no idea about). Ended up saving me a ton in legitimate deductions I wouldn't have known I could claim!

After struggling to get through to the CRA for WEEKS about my self-employment reporting questions, I finally tried https://claimyr.com and it was a game-changer. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c I had so many specific questions about reporting my online platform income and what documentation I needed to keep. Instead of waiting on hold for hours or getting disconnected, Claimyr got me connected to a CRA agent in about 15 minutes. The agent walked me through exactly how to report my side hustle income and what records I needed to keep.

I'm back to eat my words about Claimyr. After seeing multiple people recommend it, I decided to try it myself since I had some complicated questions about my online income that the CRA website didn't answer clearly. I was 100% convinced it wouldn't work, but I got a call back in about 20 minutes and was connected directly to a CRA agent. The agent confirmed that yes, all platform income needs to be reported regardless of amount, and walked me through exactly how to report it as self-employment income. They also explained which expenses would be considered legitimate for my specific situation. Saved myself hours of hold music and got exactly the information I needed. Definitely worth it when you have specific tax questions that need official answers.

I sell stuff on various platforms and here's my understanding: In Canada, you need to report ALL income, period. But there's a difference between a hobby and a business. If you're doing this occasionally just for fun and happen to make a few bucks, it might be considered a hobby. But if you're regularly trying to make money from it, that's a business and definitely taxable. Keep good records of everything - all income and expenses related to your feetfinder activities. Save receipts for anything you buy specifically for this purpose. You'll thank yourself at tax time!

Don't forget that if you're making money through these sites, you might need to register for a GST/HST number if you hit $30k in revenue in any 12-month period. This applies to most self-employment income in Canada. Also keep in mind that you'll need to make quarterly tax installments if you owe more than $3000 in taxes in consecutive years. Lots of side-hustlers get surprised by this requirement!

Just to add to what others have said - I work as a tax preparer and see this situation a lot with gig economy workers. The key thing to understand is that in Canada, ALL income is taxable regardless of source or amount. There's no "minimum threshold" before you have to report it. For FeetFinder specifically, this would definitely be considered self-employment income since you're providing a service/product for payment. You'll report it on Form T2125 as part of your personal tax return. One thing people often miss is that you can deduct legitimate business expenses against this income - things like photography equipment, props, a portion of your internet/phone bills, and yes, even personal grooming expenses if they're directly related to your business. Just make sure to keep all receipts and that the expenses are reasonable. Also, don't forget about CPP contributions - you'll need to pay both the employee and employer portions on your self-employment income, which can be a surprise for first-time self-employed folks. Plan to set aside about 25-30% of your earnings for taxes and CPP.

Just wanted to add a practical tip that's helped me a lot - open a separate bank account specifically for your side hustle income and expenses. This makes tracking everything SO much easier at tax time. I deposit all my platform earnings into this dedicated account and use it to pay for any business-related expenses. At the end of the year, I just need to look at one account statement instead of trying to sort through all my personal transactions to find the business ones. Also, consider using a simple spreadsheet or app to track your monthly earnings and expenses as you go. I learned this the hard way after my first year when I had to dig through hundreds of screenshots and receipts trying to piece everything together. Now I just spend 10 minutes each month updating my records and tax time is a breeze! The key is setting up good systems from the start rather than trying to organize everything retroactively.