Tax information for Canadian drivers
Use the following information to begin preparing your taxes as a driver on the Lyft platform. We'll do our best to break taxes down for you, but keep in mind that the following isn't tax advice. For questions about your specific tax situation or how to file taxes, speak with a tax professional in good standing with the CRA.
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Filing self-employment taxes
Drivers and riders are users of the platform and aren't employees of the company.
Lyft is a peer-to-peer transportation platform, meaning drivers use their own cars to pick up passengers, who use the app to request a ride. Because Lyft is committed to safety and community, drivers go through a series of screenings, including background checks and car safety inspections.
Lyft doesn't fit into the traditional taxi or limousine model. Our government relations team works hard to create regulations that fit the needs of drivers and passengers, and, most importantly, keep everyone safe.
According to the CRA, Drivers should file income taxes under the self-employed category. As an independent contractor you’ll likely need to fill out Form T2125, Statement of Business or Professional Activities. This form is used to report your income and expenses incurred as an independent contractor.
Proof of income
We've found that weekly summaries or annual earnings will suffice for most cases (for example, loan applications).
If you need to access a history of weekly summaries, log in to the Driver Dashboard and tap 'Driving History.' From there you can view your summaries and earnings by ride, day, week, and year. You can also view the GST/HST collected by Lyft as a line in your Weekly Summaries.
Tax summaries for Canadian drivers
Rideshare drivers are responsible for collecting and reporting goods and services taxes (GST). In some provinces this is called the harmonized sales taxes (HST). Learn more about GST/HST here.
We'll provide your Quarterly Earnings Summary in the ‘Tax Center’ tab of your Dashboard. You can download your Quarterly Earnings Summary after the end of any quarter you’ve received earnings.
To download your summary:
- Go to the ‘Tax Center’ tab in your Dashboard.
- Under the ‘Documents’ header, select ‘Download’ to download your Quarterly Earnings Summary.
You can expect your earnings summary for each quarter to be published in your Dashboard by the dates below:
- First quarter: By the end of April
- Second quarter: By the end of July
- Third quarter: By the end of October
- Fourth quarter: By the end of the following January
Lyft does not currently provide T4A forms to Canadian drivers.
Save on filing your taxes with TurboTax
All Canada-based Lyft drivers get 30% off the following TurboTax products:
- TurboTax Do It Yourself Self-Employed — on-demand product help and support with filing
- TurboTax Assist & Review Self-Employed — live tax advice and answers to your questions
- TurboTax Full Service Self-Employed — a tax expert will prepare and file your taxes for you
Note: You must access TurboTax through your Dashboard to get the discount.
If you go to TurboTax directly through their website, you won't get the discount. Lyft can't reimburse you for any charges from TurboTax.
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