February 21, 2023
2.18 Million Canadians In 2018 Were In The Gig Economy According To Bank Of Montreal & The Segment Is Growing Fast
What is very interesting is to see how things have changed and grown since 2018.
Perhaps more interesting is who is saying what and who is correct?
Here is what we said in 2018 :
- Statistics Canada called out this summer  what we have been saying for quite some time. The state of the Canadian economy is such that contractor/gig like work is growing fast. In a scenario where traditional employment is becoming more and more scarce how does this hiring trend impact how these workers are being enabled?
- Traditional employment has gone something like this, "Welcome to the company here is your corporate provided PC/Laptop and corporate provided Phone and Cellular plan."
- Are Gig/Contractors being offered these traditional employment tools; or are they being asked to bring their own tools for the 3 month or 6 month contract? How likely is it that an employer will go through the hassle of employee on boarding and off boarding of these assets? Can you imagine the incremental cost?
- Is there a better way and how do you reimburse these workers appropriately and how do these workers deduct the legitimate contract/business related usage from their taxes?
- mobilityView Inc. is the better way
"The study [in 2018] by BMO Wealth Management surveyed freelance, contract and other temporary workers about their experiences in those precarious jobs. Citing Statistics Canada, it estimates that 2.18 million Canadians are taking part in some form of temporary work – a number which has risen significantly since the 2008 recession."
Yet strangely Stats Canada thinks there is only 286,000 Gig Drivers in 2016 : https://www.linkedin.com/feed/update/urn:li:activi...
Start of tax filing season in Canada started Monday February 20th 2023.
CRA Has hired 16,000 new employees in 2022 : https://www.linkedin.com/feed/update/urn:li:activi...
We wonder what these new 16,000 CRA employees will be doing?
Apparently going after the billions of dollars of fraud that occurred associated with pandemic benefits fraud is not worth their while, but going after the following is apparently a good use of tax payer money :
- Public Transportation Deductions of $112 / month (when you could deduct it) : https://www.linkedin.com/feed/update/urn:li:activi...
- Smartphone Deductions : https://www.linkedin.com/feed/update/urn:li:activity:6833033444751228928/
- WFH Expense Deductions including Smartphone ; https://www.linkedin.com/posts/thomdamstra_canadas...
CRA Has Changed Smartphone Deductions For Gig Workers & Employee
Video Is True Of Employees As Well Per Jamie Golombek (National Post) Warning To All Canadians Of Change In Tax Code On Smartphones Dating To 2016
CRA Specifically Targeting Gig Workers & Their Smartphone Deductions
Tim Cestnick (Globe & Mail) called this out 2 years ago
Get Up To $6,000 In Retroactive Tax Deductions Or Tax Free Reimbursement
CRA lets you go back up to 6 year and amend/change your taxes to claim deductions you forgot
Save $1,500 / Year By Not Carrying 2 Smartphones (Business & Personal)
Why carry 2 phones? It's ridiculous and very expensive!
Get Up To A $1,000 Tax Deduction For 2023
Use our Mobile Cost Management (MCM) App In 2023Free Trial (Promo Code : Website10) : https://www.mobilityview.com/contact/direct-trial
Our Mobile Cost Management (MCM) Solution :
- 70% More cost effective than a Stipend for Smartphone Reimbursement
- 75% More cost effective than a Company provided phone
- Keeps companies labour law and tax law compliant
- Protects companies against class action lawsuits by their employees for failure to reimburse or adequately reimburse
- Keeps employees reimbursed & happy in a tax efficient lower cost way than a stipend or company provided phone
- Aligns your smartphone reimbursement policy to your mileage reimbursement policy. Tax authorities globally have required a mileage book for years and now require a "mileage book for connectivity costs" denoting the business vs. personal usage & cost
30 SECOND EXPLAINER VIDEOS ON HOW WE LOWER COSTS EMPLOYEES/GIG WORKERS & EMPLOYERS :
Employee WFH / BYOD Reimbursement : https://lnkd.in/dvdupVwz
Employer WFH / BYOD Cost Savings : https://lnkd.in/dZ3wU9bW
Employee & Employer Cost Sharing For Win/Win : https://lnkd.in/grWgF8Tp
Carrying 2 Phones? Save $1,500 Annually On Cell Bills : https://lnkd.in/gCZXXXSM
Tax Deduction Changes For US Gig Workers : https://lnkd.in/ggAfRWhc
Tax Deduction Changes For Canadian Gig Workers : https://lnkd.in/gHFXa5nC
Tax Deduction Changes For Australian Gig Workers : https://lnkd.in/geT95ZTM
US Gig Workers Can Get Up To $3,000 In Retroactive Tax Deductions : https://lnkd.in/gd6DUbSN
Gig Worker & Employee Tax Deduction/Reimbursement For Previous Years : https://lnkd.in/dG5MPP3X
Canadian Employee Tax Deduction Up To $1,000 : https://lnkd.in/gUhm-chC
Non-Canadian Employee & Gig Worker tax deduction : https://lnkd.in/gD5eEke
Smartphone global tax trends : https://lnkd.in/dbvArumk
Article Sources :
- Our original 2018 posting & Bank Of Montreal source : https://www.linkedin.com/feed/update/urn:li:activi...