• Sharing economy

    The sharing economy is a way of connecting buyers and sellers via an App or website. New sharing economy arrangements are coming into the market regularly.

    If your clients are engaged in the sharing economy, their income and deductions need to be included on their tax returns.

    Examples include:

    • ride-sourcing – transporting passengers for a fare
    • renting out a room or house for accommodation
    • renting out parking spaces
    • providing skilled services – web or trade services etc
    • supplying equipment, tools etc
    • completing odd jobs, errands, deliveries etc
    • renting out equipment such as tools, musical instruments, sports equipment etc.

    See also:

    Last modified: 26 May 2017QC 49118