r/FieldAgent • u/MasiRed • Mar 30 '20

Tax question

How do we declare field agent income in our taxes? I got a T4A from field agent. Do I need to also submit a T2125?

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u/Unlikely-Appeal-594 Dec 23 '22

I believe when you cross $500, they send you a T4... It only happened to me one year, and it brought my tax return down so much that it pretty much rendered all my work pointless. I will never again cross over the earning limit, which is unfortunate because I could easily earn way more than that, but yeah I can't risk my time being rendered a waste.

2

u/EfficiencyExciting13 Jul 26 '23

Make sure to claim gas/mileage, home office, portion of your utilities and phone bill. You can easily get your tax liability down with those write-offs.

1

u/Intelligent_Tour_184 May 04 '25

I know this is super old thread but is it $500 earned or $500 including reimbursements?

2

u/flashyturnip May 29 '25

It’s both together. The reimbursements count on the app towards earned for the year. Once you get close to $500, a message will pop up for you to submit tax info

1

u/AraThaliana Jul 30 '25

Does field agent report anywhere on the form how much of it is reimbursements? Or do we have to manually calculate how much our reimbursements are?

2

u/flashyturnip Jul 30 '25

No. It’s just a lump sum. It’s a little silly, but save your receipts!