Looking for fellow Canadians or others that can guide me. My first full year of Mystery Shopping and learning a lot about receipts I should have kept. Anyway, is it better to claim reimbursements as income then the shop as an expense? Or Not to claim the reimbursement. I got a T4A from one company that included all that I was paid which was 95% reimbursements. I guess with using both as income it balances out more to be able to claim many expenses.
I'm in the United States, but I claimed the full amount I received as income and then deducted the reimbursement portion as a deduction. I didn't want there to be a discrepancy between what went through my bank and what I put on the tax return as income.
I pray it does not occur that the last thing I did before I died was vacuum the house or eat broccoli.
I don't claim the reimbursement, because the tax forms provided by the main company I work for didn't. I did probably 150+ reimbursement shops last year where I get paid $10 but reimbursed anywhere from $100-200.