No, you are taxable on the gross fare less expenses such as the rideshare service fee, split fare fee, airport fee and booking fee. This is your net income and it will be taxed at your personal tax rate. See our explanatory Uber payment statement breakdown for tax purposes guide for further information.
Articles in this section
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- Common expenses for rideshare driver partners
- How do I integrate Quickbooks Self-Employed with Airtax?
- How do I keep track of receipts/expenses?
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- What is a GST credit and how does it work? When will I receive it?
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