What Are Your Tax Obligations as a Taxi Driver in Ontario?
So you are a taxi driver, and just like any other working person you know you have to pay taxes. Unfortunately in your line of work your tax return may not be so simple as a regular office or laborer tax return would be perhaps.
Not every taxi driving position is the same so you can’t just assume that you should prepare and file your taxes like your buddy does who also drives taxi for a living. He could be an employee and you could be classed as self-employed. These require two different tax approaches. For this reason many drivers like those in Toronto now use Toronto accountants to assist them with both their personal tax returns and their HST responsibilities.