Since 2005 I’ve been earning side income online. I’ve gotta say, it’s pretty nice to be getting that extra income each month. At times I’ve even relied on that money as my primary source of income.
While the additional money is satisfying, there is one part that you’re bound to dislike…paying taxes on that income.
When many people start making money online, they figure they can get away with not claiming taxes on that income. In my case I probably could get away with it since I’m Canadian and the majority of the companies paying me are in the US. It’s simply not connected to my tax id number. Continue reading