Millions of Canadians could be about to make a very risky tax decision [Wealth Professional (Canada)]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: Wealth Professional
The Canadian gig economy has been growing for several years but has been accelerated by factors including the rising cost of living. But many Canadians may be risking penalties when it comes to paying tax on income from this work. While withholding income from the Canada Revenue Agency is always a risk, new legislation makes it more likely that those who choose not to be honest about their gig income will be caught out. Amendments to Canada's Income Tax Act were introduced by Bill-C47 this year and means that operators of gig platforms, such as Uber, Lyft, Airbnb, Vrbo, Etsy, eBay, Poshmark, and others where people find and manage their freelance or contract work, are required to report certain information with the CRA on behalf of workers. H&R Block is warning gig workers that not disclosing income may be picked up from these information filings, that platforms have to provide to the CRA by January 31, 2025. "Not declaring all income carries significant risks and is effectiv
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LYFT
News
- Lyft (LYFT) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Immigration lawyers tell tech workers on visas to get back to the US before Trump takes office. 'A storm is coming.' [Business Insider]Business Insider
- Lyft CEO David Risher goes one-on-one with Jim Cramer [CNBC]CNBC
- The 13 best Airbnbs in Orlando from a romantic treehouse to a downtown condo [Business Insider]Business Insider
- As Gig Workers Face Decreased Profits, Questions Over Financial Protection Arise [Yahoo! Finance]Yahoo! Finance
LYFT
Earnings
- 11/6/24 - Miss
LYFT
Sec Filings
- 12/4/24 - Form 4
- 12/4/24 - Form SC
- 12/2/24 - Form 4
- LYFT's page on the SEC website