CRA has conducted a tax audit of Uber in Canada and has asked
for access to Uber's books and records. They did the same thing
with Ebay a few years ago, and audited Ebay power sellers. The big
danger to Uber operators may not be municipal regulation or
opposition from Taxi drivers, but the tax man. CRA has the right to
obtain details of Canadian Uber drivers from Uber Canada and to
then do a tax audit of those drivers to ensure that they have
reported all of their Uber income. Income earned from operating a
vehicle as an Uber driver is fully taxable and has to be reported
to CRA, although expenses related to operating that vehicle, such
as car insurance, gasoline, and repairs and maintenance are fully
deductible. If you are losing sleep because of unreported Uber
income, your situation may not be as bad as you fear. Any Uber
drivers who have unreported Uber income are subject to prosecution
for tax evasion as well as civil penalties for unreported income.
However CRA
