The CRA’s crackdown on ‘platform economy’ includes sales tax
The past few years have seen the rise of a new type of celebrity: the social media influencer. Whether on Twitch, Instagram, YouTube, TikTok, or yes – even OnlyFans, Canadian influencers are certainly making a name for themselves on social media, both in rapidly growing follower counts and revenue earned through online platforms.
Typically, anyone conducting business in Canada and making taxable supplies as part of that business is obligated to register for GST/HST under the normal GST/HST regime. For social media influencers living in Canada, whether you are earning in cash or kind, this includes you.