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Proven side hustles for Canadians, from $500 to $5,000+ per month, plus how to handle Canadian taxes on side income.
| Hustle | Platform | Avg Monthly Income | Startup Cost |
|---|---|---|---|
| Content creation (YouTube/TikTok) | YouTube, TikTok | $00–$5,000+ (varies widely) | $00–$500 |
| Freelance writing / copywriting | Upwork, Fiverr, direct | $500–$4,000 | $00 |
| Online courses / coaching | Teachable, Podia | $500–$10,000+ | $00–$200 |
| Dropshipping | Shopify + AliExpress | $200–$3,000 | $100–$500 |
| Stock photography | Shutterstock, Adobe Stock | $500–$500 (passive) | Camera needed |
| Translating | Upwork, TranslatorsCafe | $500–$3,000 | $00 |
All side hustle income in Canada is taxable — whether you're paid in cash, e-transfer, PayPal, or gift cards. Here's what you need to know:
Register for a business number if you earn $30,000+ in a year: Above $30,000 in business income in any 4 consecutive quarters, you must register for HST/GST and collect/remit tax.
Track all expenses: A home office, vehicle use, equipment, software, and phone can all be business deductions that reduce your taxable side income.
Set aside 25–300% for taxes: Side income is added to your employment income and taxed at your marginal rate. On $5,000 in side income at a 33% marginal rate, you'd owe ~$1,6500 at tax time.
Deductible side hustle expenses include: Software subscriptions, home office (proportional), equipment, mileage (57¢/km in 2025 for business use), marketing, professional memberships, and professional development.