In Canada, you are required to report all income, whether from employment, business or from property, but in practice for small amounts it is sometimes left out

In Canada, you are required to report all income, whether from employment, business or from property, but in practice for small amounts it is sometimes left out. For example, interest on deposits in bank accounts is taxable, but the bank won't send you a form unless you made over $50 in interest that year, so you don't have to claim that dollar you made.