How to Fill Out Form T2125 for Uber & DoorDash Delivery Drivers in Canada
Get Your 2025 Uber Tax Return Filed for Just $80 https://instaccountant.com/uber-drive... Uber drivers, DoorDash couriers, rideshare and food delivery drivers or self-employed gig workers in Canada - this video is for you! If you earned income through Uber, the CRA requires you to report it using the T2125 form (Statement of Business or Professional Activities). Whether you're full-time or part-time driver, filling this form properly is essential for to report your Uber income and expenses, maximizing deductions and avoiding CRA costly penalties. This video is your complete step-by-step Uber tax guide for completing the T2125 form in Canada for the 2025 tax year. ✅ What You’ll Learn: ➡️ Purpose of completing the CRA T2125 form for self-employed income ➡️ How to fill out each section of the T2125 form for Uber drivers ➡️ Reporting gross vs net Uber income from your tax summary ➡️ How to calculate GST/HST collected as an Uber driver ➡️ Business vs professional income – which one to check ➡️ Uber-related tax deductions you can claim in Canada ➡️ Allowable motor vehicle expenses and CRA mileage rules ➡️ How to calculate Capital Cost Allowance (CCA) for your vehicle ➡️ Lease vs finance a car tax claims – what’s deductible ➡️ How to report Uber income and expenses if you’re incorporated ❓ FAQs Answered: ➡️ Do Uber drivers need to file the T2125 even if they earn part-time? ➡️ How do I calculate mileage vs vehicle expenses? ➡️ Do I file a T2125 or T2 corporate return if I’m incorporated? Watch this essential guide before filing your taxes in Canada if you drive for Uber, Lyft, UberEats, DoorDash, Instacart or SkipTheDishes! Learn how to stay CRA compliant, maximize your tax deductions and keep more money in your pocket. ****************************** 🔗 Helpful Links & Resources ► CRA Guide to Completing Form T2125: canada.ca/t2125-guide ► Instaccountant Uber Driver Tax FAQs: instaccountant.com/uber-driver-taxes ► Recommended Mileage Tracking Apps: MileIQ, Everlance, Zoombooks ****************************** 🎥 CONTENTS OF THIS VIDEO 00:00 – Intro 00:42 – What is the T2125 Form and Who Needs to File It 04:35 – Business vs. Professional Income Explained 05:05 – Reporting Gross vs. Net Uber Income 05:57 – GST/HST Collected from Uber 06:35 – Calculating Tips (Commissions) from Uber 07:00 – Calculating Uber-Related Expenses 09:02 – Capital Cost Allowance (CCA) Calculation 09:35 – Motor Vehicle Expenses (Fuel, Repairs, Insurance) 10:39 – Lease vs. Finance a Car Expense Calculation 11:52 – Key Takeaways ****************************** ✅ Become a Tax Client: https://instaccountant.com/uber-tax-r... ****************************** 🔗 MENTIONED IN THIS VIDEO ► Download and Fill Out CRA T2125 Form (PDF) https://www.canada.ca/en/revenue-agen... ► CRA-Approved Tax Deductions for Uber Drivers in Canada • How to Refile Your Uber Tax Return in Cana... ◼️ New CRA Reporting Requirements for Rideshare and Delivery Drivers https://instaccountant.com/2024-tax-o... ****************************** ► How to File Uber Driver Taxes in Canada • How to File Taxes for Uber Eats Drivers in... ► How to File UberEats Driver Taxes in Canada • ACCOUNTANT EXPLAINS: How to File Your Taxe... ► How to File DoorDash Driver Taxes in Canada • How to File Taxes for DoorDash Drivers | W... ► How to File SkipTheDishes Driver Taxes in Canada • How to File Taxes for Skip The Dishes Driv... ► How to File Instacart Driver Taxes in Canada • How to File Taxes for Instacart Shoppers |... ****************************** Got a question about your Uber taxes? Drop it in the comments and we respond to every one! Subscribe for more Canadian tax tips, T2125 filing guidance, and CRA compliance advice. ****************************** Hello from Instaccountant! 🌟 We are your online tax accountants in Toronto specializing in services for independent contractors, self employed gig workers, and freelancers in Canada. Our online and in-office tax and accounting services cater to clients throughout Canada and the USA. ****************************** 📩 CONNECT ► Website: https://instaccountant.com/ ► Blog: https://instaccountant.com/blog/ ► Facebook: / instaccountant ► Instagram: / instaccountant ► LinkedIn: / instaccountant ****************************** Disclaimer: This video is for educational purposes only and does not constitute financial, investment, tax, or legal advice. Always consult a professional for personalized guidance specific to your situation.
