Youtube Network Tax Questions For Canadians

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unknown_user49387735

Well-Known Member
Hi, i am hoping i am posting in the right section of this forum.

Anyways, i am entirely new to youtube partnerships. Eventually i would like to join a youtube network and get partnered however i have some questions below i would like to ask and i am hoping maybe someone could answer. i

i understand that youtube partners are considered self employed. But my question is that if you're a youtube partner(content creator) , What Tax Forms do you need to report youtube income in Canada?

And if you get sponsorships like Gamdias ( i am just using this as an example) , and you earn commision, How would you go about reporting sponsorship income and what form is needed? And are sponsorships considered as royalities?

And i never had a paypal account before. Does Paypal Send Canadians a Tax Form? if yes what type of form? i am asking this becuase i heard that paypal sends people who reside in the US a 1099 tax form.

i would really like to understand everything before joining a network.i look forward to the replies.
 
^ This!
This is what I've been wondering all along as well.
Myself I was planning on contacting the dutch tax services.
 
TheUG1 said:
@Kleineganz Hey , i was told by Michael to tag you in this post to ask you the question i asked above as he said you're a canadian and you're very good with taxes. :) :)
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I'm not Canadian, I'm American, but I know a little but about US taxes regarding people who are self-employed. I have a post here that explains US self-employment taxes.
http://yttalk.com/threads/understanding-taxes-for-self-employed-youtubers.104605/

I'm not sure how much of that is true for Canadian tax law though.
 
When joining a network, the network should guide you through any tax forms you may need to fill out. *if any* Then obviously you would have to pay tax on your earnings just like you would with any other kind of job, if you consider YouTube as a job :)
 
RobertLangdon said:
When joining a network, the network should guide you through any tax forms you may need to fill out. *if any* Then obviously you would have to pay tax on your earnings just like you would with any other kind of job, if you consider YouTube as a job :)
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It doesn't even have to be considered a 'job' as all income is taxable - it can be income from employment, self-employment, earnings from investments, passive income from rental properties, even gifts from relatives (if over $10,000 in the US). Most, if not all, income is taxable.
 
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