Thread: Personal Income Tax when Umpiring Baseball
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May 10th, 2009 11:54 AM
#1
Personal Income Tax when Umpiring Baseball
Thinking of umpiring to earn some cash on the side. I am told by a few people that the money I make is NOT taxable because the organization I am umpiring for is non profit. The only thing is, my company is utilizing a government program that basically puts its employees on part-time EI. I don't want my umpiring hobby to mess things up. Anyone know the official stance on this?
Thanks in advance.
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May 10th, 2009 01:27 PM
#2
YOUR INCOME IS TAXABLE!
If it wasn't, every tom ***** and harry would create their own non profit and pay themselves 1M per year.
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May 10th, 2009 01:42 PM
#3
I'm not sure about different baseball associations, but hockey referees are paid by "honorarium". Anything over $500 is taxable income and should be declared.
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May 10th, 2009 04:02 PM
#4
Newbie
If the organization is not for profit, they have to be accountable for every dollar, which means they will be reporting that they paid you. It is taxable income.
You can report it as casual income, and not have to pay EI or CPP premiums on it, but you will have to pay income tax on it.
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May 12th, 2009 11:43 AM
#5
Thanks for the info. Thats pretty much what I was thinking but so many people told me otherwise.
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