Welcome to The Blog Report

I'm so glad you stopped by and hope you find this blog an interesting read. I've been blogging since April of 2006, currently the author of six public and two private blogs. In the beginning I knew absolutely nothing about blogging. Over the years through trial and error, frustration and elation, and a few tears I've learned a lot. However, the learning process when it comes to blogging continues to evolve. Here you will find a hodge podge of my blogging experiences, useful codes and how-tos, sprinkled liberally with my opinions. Enjoy!

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Thursday, January 6, 2011

Blogging Income is Taxable

A lot of bloggers are very interested in making money online by blogging.  Others are actually making money.  Any income earned via blogging is taxable but how it is treated is dependent on the country of residence.  This is a case of where you have to know the taxation rules for the country in which you reside.  In Canada, blogging can be viewed as a business or a hobby.  Blogging income would be declared as gross income less expenses with a tax liability on the net income but only if there is a net income after allowable expenses.  Unless you are doing quite well blogging the chances of you paying any income tax on your blogging earnings is nil.  In the case of blogging as a hobby with no net taxable earnings above the allowable personal income exemption, there is no tax liability.


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