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.
Garden Gnome
©2009-2011
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