Post #968

Does Fiona need to declare the non-monetary payments/ benefits from advertising beauty products on her YouTube channel? 🤔#TaxSeason2024 As a YouTuber, Fiona receives sponsorship products and services regularly. These products and services sometimes exceed $100 and may not be given on an ad-hoc basis for one-off consumption or testing. If the value of a product/ service exceeds $100, the full value of the sponsorships should be declared and be subjected to tax. The $100 threshold does not apply to non-monetary benefits if it is a recurring supply provided over a period of time.