How much did I earn with Uber in the tax year

Completing Your T2125- Statement of Business or Professional Activities)

Step 1 - How much did I earn with Uber in the tax year? (Business Income)

In order to prepare the T2125- Statement of Business or Professional Activties; we must enter the the total gross revenue. The total gross revenue is all of the money earned prior to deductions (uber fee/booking fee).

To access this information, you must sign in to the Uber Partner Dashboard.

Click - Tax Summary

Select Yearly Summary. Click Download

Add the total from Fare Breakdown and Other Income Breakdown

I.E. - Total Fare Breakdown = $22,330.88 + Other Income Breakdown = $454.92 = $22,785.80 (Gross Revenue)


Enter the total gross revenue on Part 1- Business Income (Line 1) of T2125 Statement of Business or Professional Activities

If you have grossed less than $30,000. Skip lines 2,3,4,5, and 6. Re enter your gross revenue on Line 7. 

Part 2: Professional Income

Skip this section.

Part 3: Gross Business or Professional Income:

• Re enter your gross revenue on line 16
• Enter zero on line 17/18/19
• Add total of line 16 and line 19 (total should match gross income)
• Enter total gross revenue on line 20.

Parts 1,2 and 3 on the T2125 deal with income. The next posts will deal with cost of goods and expenses. Stay tuned! 

*Always consult a qualified tax professional when completing an income tax return. The content of this post is for informational purposes only and does not constitute as legal advice.