Hey! So right now, I'm thinking of releasing a Steam Game for like 10 bucks (CAD) and I have a couple questions regarding taxes.

So this is what I understand:

• Steam takes a 30% cut
• I pay income tax for Canadian Revenue Agency (CRA) (Basically the IRS of Canada)
• Steam takes care of the VATs, the GSTs, HSTs, etc… so I don't need to worry about that

Questions

1) If I have multiple games on Steam all to make money with, do I report the incomes separately or as one because it comes from one source; Steam?

2) Let's say I sell a game for 10CAD, and make $1000 total revenue that year.

Steam's 30% cut → $700

Taxes (20%) → $560

Does this count as business income, or like a royalty? (Canada, Ontario)

I'm just a college student so I'm quite broke, to afford an accountant or legal advisor, so I thought I'd ask here.

Any input would be appreciated!

You’re going to need a business license.

You‘re going to have a professional (CPA) to do your business tax return.

It’s called business capital, and you’re going to need it.

P.S. not a CPA.

It's great that, as a student, you manage to create games and still make money from them.