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system
how does revenue shared with someone else go into my tax return in canada?
user
generally, report your $150,000. if/when the the tax collectors notice the anomaly, they'll attempt to contact you to remedy it. i can't speak for canada, but in the us, it's pretty orderly. the irs requests additional information or proof and only open it up into a full blown audit if the suspect wrongdoing. in your case, you could show a business agreement detailing the revenue split proving you correctly reported. this is only for your consideration. i strongly recommending finding and keeping a professional tax advisor.
assistant