Driving for Lyft makes you self-employed. You file a T1 with T2125, and GST/HST starts on your first fare - the same rule CRA applies to any commercial ride-sharing platform. SnapBooks keeps the km log, receipts, and HST figures your accountant needs. It does not file the return.
Lyft is not your employer, so there is no T4. Most drivers receive a T4A for amounts Lyft reports, alongside the weekly earnings breakdown in the driver dashboard. Filing as a Lyft driver still comes down to a few steps:
SnapBooks covers steps 2 through 4. Someone else still hits submit at the CRA.
CRA treats commercial ride-sharing as a taxi business, regardless of which app you drive for. The $30,000 small-supplier threshold does not shelter Lyft passenger income - you register from fare one.
Lyft fares often have tax built in, and Lyft may remit part of it on your behalf. You are still the registrant, and you can still claim ITCs on eligible business purchases like fuel, repairs, and phone. This split is genuinely complex - read CRA's rideshare pages and confirm with an accountant.
Passenger trips through Lyft or Uber trigger GST/HST from day one, since both are commercial ride-sharing under the same CRA rule. Delivery-only gigs such as DoorDash or Skip the Dishes usually still follow the $30,000 threshold, unless you also carry passengers.
Free tier is 15 receipts per month. Solo is $69/yr for the logbook and T2125 export.
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