{"id":91800,"date":"2025-01-24T14:18:34","date_gmt":"2025-01-24T19:18:34","guid":{"rendered":""},"modified":"2025-01-27T14:58:47","modified_gmt":"2025-01-27T19:58:47","slug":"test-your-gigonomics-iq","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/","title":{"rendered":"Test Your Gigonomics IQ"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\">\n\t\t\t\t\t\t\t<span>Entrepreneur<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Test Your Gigonomics IQ<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Diane Amato<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"718\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Professional dog walker or pet sitter walking a pack of cute different breed and rescue dogs on leash at city street.\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg 2067w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?resize=300,210 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?resize=768,539 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?resize=1024,718 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?resize=1536,1078 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?resize=2048,1437 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Test Your Gigonomics IQ &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published January 24, 2025 \u2022 1 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>Did you know more Canadians than ever are turning to entrepreneurship to earn extra income<sup>1<\/sup>? Whether you\u2019re an aspiring entrepreneur or an experienced side-hustler, the more you understand your side income \u2013 and the taxes that come with it \u2013 the more cash stays in your pocket.<\/p>\n\n\n\n<p>Take this quiz to test your side gig IQ \u2013 and get ready to make the most of your money!<\/p>\n\n\n\n<div class=\"cf rbc-wp-quiz-wpr\" data-quiz-type=\"questionnaire\" data-num-questions=\"10\" data-required-questions=\"10\" data-quizzes-dig-id=\"\"><ol class=\"rbc-wp-quiz grid-wpr\"><li id=\"question1\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"1whendoyouneedtostartreportingincomefromyourside-business\">1. When do you need to start reporting  income from your side-business?  <\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_1_label\"><legend id=\"q_1_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_1-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_1whendoyouneedtostartreportingincomefromyourside-business\"><label for=\"q_1-a_1\">A) From Day One<\/label><input type=\"radio\" id=\"q_1-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_1whendoyouneedtostartreportingincomefromyourside-business\"><label for=\"q_1-a_2\">B) Once you hit $30K\/year<\/label><input type=\"radio\" id=\"q_1-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_1whendoyouneedtostartreportingincomefromyourside-business\"><label for=\"q_1-a_3\">C) Never \u2013 side cash doesn\u2019t count<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question2\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"2whatisagoodreasontoopenabusinessbankaccount\">2. What is a good reason to open a business bank account?<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_2_label\"><legend id=\"q_2_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_2-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_2whatisagoodreasontoopenabusinessbankaccount\"><label for=\"q_2-a_1\">A) To keep track of business expenses and payments<\/label><input type=\"radio\" id=\"q_2-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_2whatisagoodreasontoopenabusinessbankaccount\"><label for=\"q_2-a_2\">B) To hide money from the CRA<\/label><input type=\"radio\" id=\"q_2-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_2whatisagoodreasontoopenabusinessbankaccount\"><label for=\"q_2-a_3\">C) To buy a fancy coffee <\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question3\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"3whichofthesecostsisaclaimablebusinessexpense\">3. Which of these costs is a claimable business expense?<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_3_label\"><legend id=\"q_3_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_3-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_3whichofthesecostsisaclaimablebusinessexpense\"><label for=\"q_3-a_1\">A) Business bank account fee<\/label><input type=\"radio\" id=\"q_3-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_3whichofthesecostsisaclaimablebusinessexpense\"><label for=\"q_3-a_2\">B) Dry cleaning<\/label><input type=\"radio\" id=\"q_3-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_3whichofthesecostsisaclaimablebusinessexpense\"><label for=\"q_3-a_3\">C) Parking tickets<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question4\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"4asaruleofthumbhowmuchbusinessincomeshouldyousetasidefortaxes\">4. As a rule of thumb, how much business income should you set aside for taxes?<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_4_label\"><legend id=\"q_4_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_4-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_4asaruleofthumbhowmuchbusinessincomeshouldyousetasidefortaxes\"><label for=\"q_4-a_1\">A) 25% - 30%<\/label><input type=\"radio\" id=\"q_4-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_4asaruleofthumbhowmuchbusinessincomeshouldyousetasidefortaxes\"><label for=\"q_4-a_2\">B) 10-15%<\/label><input type=\"radio\" id=\"q_4-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_4asaruleofthumbhowmuchbusinessincomeshouldyousetasidefortaxes\"><label for=\"q_4-a_3\">C) Nothing \u2013 there is no tax on side income<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question5\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"5whatsneededasprooftobackupyourbusinessexpenses\">5. What\u2019s needed as proof to back up your business expenses?<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_5_label\"><legend id=\"q_5_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_5-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_5whatsneededasprooftobackupyourbusinessexpenses\"><label for=\"q_5-a_1\">A) Fully itemized receipts<\/label><input type=\"radio\" id=\"q_5-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_5whatsneededasprooftobackupyourbusinessexpenses\"><label for=\"q_5-a_2\">B) Your credit card statement<\/label><input type=\"radio\" id=\"q_5-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_5whatsneededasprooftobackupyourbusinessexpenses\"><label for=\"q_5-a_3\">C) Nothing \u2013 just a rough idea is fine<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question6\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"6ifyourunahome-basedbusinesswhatcanyouclaimasabusinessexpense\">6. If you run a home-based business, what can you claim as a business expense?<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_6_label\"><legend id=\"q_6_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_6-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_6ifyourunahome-basedbusinesswhatcanyouclaimasabusinessexpense\"><label for=\"q_6-a_1\">A) A percentage of your utility bills <\/label><input type=\"radio\" id=\"q_6-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_6ifyourunahome-basedbusinesswhatcanyouclaimasabusinessexpense\"><label for=\"q_6-a_2\">B) Your entire rent\/mortgage payment<\/label><input type=\"radio\" id=\"q_6-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_6ifyourunahome-basedbusinesswhatcanyouclaimasabusinessexpense\"><label for=\"q_6-a_3\">C) Heating costs for 100% of your home<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question7\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"7howdobusinessexpenseshelpyoukeepmoreofyourmoney\">7. How do business expenses help you keep more of your money?<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_7_label\"><legend id=\"q_7_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_7-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_7howdobusinessexpenseshelpyoukeepmoreofyourmoney\"><label for=\"q_7-a_1\">A) They reduce your taxable income<\/label><input type=\"radio\" id=\"q_7-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_7howdobusinessexpenseshelpyoukeepmoreofyourmoney\"><label for=\"q_7-a_2\">B) They are fully reimbursed by the government<\/label><input type=\"radio\" id=\"q_7-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_7howdobusinessexpenseshelpyoukeepmoreofyourmoney\"><label for=\"q_7-a_3\">C) They are chargeable to your clients<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question8\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"8howcanaccountingsoftwarehelpkeepyourbusinessorganized\">8. How can accounting software help keep your business organized?<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_8_label\"><legend id=\"q_8_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_8-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_8howcanaccountingsoftwarehelpkeepyourbusinessorganized\"><label for=\"q_8-a_1\">A) Pay bills, claim expenses, capture photos of receipts<\/label><input type=\"radio\" id=\"q_8-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_8howcanaccountingsoftwarehelpkeepyourbusinessorganized\"><label for=\"q_8-a_2\">B) Cold call prospects<\/label><input type=\"radio\" id=\"q_8-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_8howcanaccountingsoftwarehelpkeepyourbusinessorganized\"><label for=\"q_8-a_3\">C) Clean your desk<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question9\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"\"><label for=\"9ifyouowemoneytothecrayourtaxfilingdeadlinewithoutpenaltyasabusinessowneris\">9. If you owe money to the CRA, your tax filing deadline (without penalty) as a business owner is:<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_9_label\"><legend id=\"q_9_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_9-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_9ifyouowemoneytothecrayourtaxfilingdeadlinewithoutpenaltyasabusinessowneris\"><label for=\"q_9-a_1\">A) April 30th<\/label><input type=\"radio\" id=\"q_9-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_9ifyouowemoneytothecrayourtaxfilingdeadlinewithoutpenaltyasabusinessowneris\"><label for=\"q_9-a_2\">B) June 15th<\/label><input type=\"radio\" id=\"q_9-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_9ifyouowemoneytothecrayourtaxfilingdeadlinewithoutpenaltyasabusinessowneris\"><label for=\"q_9-a_3\">C) December 31st<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><li id=\"question10\" class=\"grid-inner rbc-wp-quiz-question-wpr \" data-max-answers=\"1\" data-question-dig-id=\"enterprise-kX4D3wDnhWGq-3\"><label for=\"10whendoyouneedtostartcharginggsthst\">10. When do you need to start charging GST\/HST?<\/label><ul><input type=\"hidden\" name=\"questionnaire_gallery\" value=\"[]\"><fieldset role=\"group\" aria-labelledby=\"q_10_label\"><legend id=\"q_10_label\">Choose one:<\/legend><div class=\"radio-wpr\"><input type=\"radio\" id=\"q_10-a_1\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"A\"  name=\"question_10whendoyouneedtostartcharginggsthst\"><label for=\"q_10-a_1\">A) When you earn $30,000+ in a year<\/label><input type=\"radio\" id=\"q_10-a_2\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"B\"  name=\"question_10whendoyouneedtostartcharginggsthst\"><label for=\"q_10-a_2\">B) From Day One of your business<\/label><input type=\"radio\" id=\"q_10-a_3\" class=\"rbc-wp-quiz-question rbc-wp-quiz-multi-question\" value=\"C\"  name=\"question_10whendoyouneedtostartcharginggsthst\"><label for=\"q_10-a_3\">C) I don\u2019t need to charge GST\/HST as a solopreneur<\/label><\/fieldset><\/ul><\/li><div class=\"hr\"><\/div><\/ol><div class=\"rbc-wp-quiz-btn-wpr\"><button class=\"btn tertiary anim-boxshadow-short rbc-wp-quiz-results-btn\" >Show My Results<\/button><button class=\"btn no-btn rbc-wp-quiz-reset-btn\" data-reset-dig-id=\"enterprise-kX4D3wDnhWGq-4\">Reset<\/button><\/div><div class=\"rbc-wp-quiz-results-wpr\"><div class=\"rbc-wp-quiz-result grid-wpr \" id=\"result-A\" ><h2 class=\"rbc-wp-quiz-result-heading h4\">If you answered mostly As<\/h2><h4>Side-Hustle Expert<\/h4>\n<p>Great job! You\u2019re on your way to growing your side-hustle, and your side-hustle income. You have a solid handle on how to manage \u2013 and make the most of \u2013 the money you\u2019re earning from your business. <\/p>\n<\/div><div class=\"rbc-wp-quiz-result grid-wpr \" id=\"result-B\" ><h2 class=\"rbc-wp-quiz-result-heading h4\">If you answered mostly Bs<\/h2><h4>Side-Hustle Newbie <\/h4>\n<p>You\u2019re on your way to increasing your Gigonominics IQ! By sharpening your knowledge of the tax rules around side income, you can keep more of your hard-earned cash. A little boost to your side gig IQ can really pay off!<\/p>\n<\/div><div class=\"rbc-wp-quiz-result grid-wpr \" id=\"result-C\" ><h2 class=\"rbc-wp-quiz-result-heading h4\">If you answered mostly Cs<\/h2><h4>Side-Hustle Newbie <\/h4>\n<p>You\u2019re on your way to increasing your Gigonominics IQ! By sharpening your knowledge of the tax rules around side income, you can keep more of your hard-earned cash. A little boost to your side gig IQ can really pay off!<\/p>\n<\/div><\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-0205d328-d196-4a0f-8a27-6ba37494d35d\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Test Your Gigonomics IQ &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-8f7d4a28-ba83-4553-bab9-f9544f166982\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Entrepreneur<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Full-time-business-article-image.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Craftsman inspecting handmade wooden chair in workshop\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Full-time-business-article-image.jpg 2309w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Full-time-business-article-image.jpg?resize=300,169 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Full-time-business-article-image.jpg?resize=768,432 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Full-time-business-article-image.jpg?resize=1024,576 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Full-time-business-article-image.jpg?resize=1536,864 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/04\/Full-time-business-article-image.jpg?resize=2048,1152 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/\">\n\t\t\t\t\t\tSolo Entrepreneur\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/5-signs-its-time-to-go-full-time-with-your-side-hustle\/\" class=\"card-title h4 mar-t-0\">5 Signs It&#8217;s Time to Go Full-Time with Your Side Hustle\u00a0<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"540\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/5-Myths-Image.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Professional business woman reviewing inventory\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/5-Myths-Image.jpg 4096w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/5-Myths-Image.jpg?resize=300,158 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/5-Myths-Image.jpg?resize=768,405 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/5-Myths-Image.jpg?resize=1024,540 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/5-Myths-Image.jpg?resize=1536,810 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/5-Myths-Image.jpg?resize=2048,1080 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/\">\n\t\t\t\t\t\tSolo Entrepreneur\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/what-actually-drives-side-hustle-growth-5-myths-to-rethink\/\" class=\"card-title h4 mar-t-0\">What Actually Drives Side Hustle Growth: 5 Myths to Rethink<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/Professional-Presence-Image.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Professional business woman working at desk\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/Professional-Presence-Image.jpg 2121w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/Professional-Presence-Image.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/Professional-Presence-Image.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/Professional-Presence-Image.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/Professional-Presence-Image.jpg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/03\/Professional-Presence-Image.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/\">\n\t\t\t\t\t\tSolo Entrepreneur\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/5-easy-ways-to-build-a-strong-professional-presence-for-your-side-hustle\/\" class=\"card-title h4 mar-t-0\">5 Easy Ways to Build a Strong Professional Presence for your Side-Hustle<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-0205d328-d196-4a0f-8a27-6ba37494d35d {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-0205d328-d196-4a0f-8a27-6ba37494d35d {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-8f7d4a28-ba83-4553-bab9-f9544f166982 {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-8f7d4a28-ba83-4553-bab9-f9544f166982 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>Whether you\u2019re an aspiring entrepreneur or an experienced side-hustler, the more you understand your side income \u2013 and the taxes that come with it \u2013 the more cash stays in your pocket.<\/p>\n","protected":false},"author":80,"featured_media":91802,"parent":57339,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[157],"rbc_content_type":[111],"rbc_audience":[],"rbc_lob_group":[35],"rbc_difficulty_level":[33],"rbc_mmm_category":[305,326,390,392],"class_list":["post-91800","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-entrepreneur","rbc_content_type-quiz","rbc_lob_group-business","rbc_difficulty_level-beginner","rbc_mmm_category-business","rbc_mmm_category-right-sized-business-advice","rbc_mmm_category-small-business","rbc_mmm_category-solo-entrepreneur"],"acf":{"contently_publication_id":"201569","custom_author":"Diane Amato","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Whether you\u2019re an aspiring entrepreneur or an experienced side-hustler, the more you understand your side income \u2013 and the taxes that come with it \u2013 the more cash stays in your pocket.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"Whether you\u2019re an aspiring entrepreneur or an experienced side-hustler, the more you understand your side income \u2013 and the taxes that come with it \u2013 the more cash stays in your pocket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Royal Bank\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-27T19:58:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80\" \/>\n\t<meta property=\"og:image:width\" content=\"2067\" \/>\n\t<meta property=\"og:image:height\" content=\"1450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/\"},\"author\":{\"name\":\"jacquelinewu\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#\\\/schema\\\/person\\\/d055d46e444faf6863d781f24c107a5e\"},\"headline\":\"Test Your Gigonomics IQ\",\"datePublished\":\"2025-01-24T19:18:34+00:00\",\"dateModified\":\"2025-01-27T19:58:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/\"},\"wordCount\":78,\"image\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2025\\\/01\\\/iStock-1178180431.jpg?quality=80\",\"keywords\":[\"Entrepreneur\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/\",\"name\":\"Test Your Gigonomics IQ - My Money Matters\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2025\\\/01\\\/iStock-1178180431.jpg?quality=80\",\"datePublished\":\"2025-01-24T19:18:34+00:00\",\"dateModified\":\"2025-01-27T19:58:47+00:00\",\"description\":\"Whether you\u2019re an aspiring entrepreneur or an experienced side-hustler, the more you understand your side income \u2013 and the taxes that come with it \u2013 the more cash stays in your pocket.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2025\\\/01\\\/iStock-1178180431.jpg?quality=80\",\"contentUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2025\\\/01\\\/iStock-1178180431.jpg?quality=80\",\"width\":2067,\"height\":1450,\"caption\":\"Professional dog walker or pet sitter walking a pack of cute different breed and rescue dogs on leash at city street.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/test-your-gigonomics-iq\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Right-Sized Business Advice\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Solo Entrepreneur\",\"item\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/business\\\/right-sized-business-advice\\\/solo-entrepreneur\\\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"Test Your Gigonomics IQ\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/\",\"name\":\"RBC Royal Bank\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/#\\\/schema\\\/person\\\/d055d46e444faf6863d781f24c107a5e\",\"name\":\"jacquelinewu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g\",\"caption\":\"jacquelinewu\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"Whether you\u2019re an aspiring entrepreneur or an experienced side-hustler, the more you understand your side income \u2013 and the taxes that come with it \u2013 the more cash stays in your pocket.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/","og_locale":"en_US","og_type":"article","og_description":"Whether you\u2019re an aspiring entrepreneur or an experienced side-hustler, the more you understand your side income \u2013 and the taxes that come with it \u2013 the more cash stays in your pocket.","og_url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/","og_site_name":"RBC Royal Bank","article_modified_time":"2025-01-27T19:58:47+00:00","og_image":[{"width":2067,"height":1450,"url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/#article","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/"},"author":{"name":"jacquelinewu","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e"},"headline":"Test Your Gigonomics IQ","datePublished":"2025-01-24T19:18:34+00:00","dateModified":"2025-01-27T19:58:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/"},"wordCount":78,"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80","keywords":["Entrepreneur"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/","name":"Test Your Gigonomics IQ - My Money Matters","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80","datePublished":"2025-01-24T19:18:34+00:00","dateModified":"2025-01-27T19:58:47+00:00","description":"Whether you\u2019re an aspiring entrepreneur or an experienced side-hustler, the more you understand your side income \u2013 and the taxes that come with it \u2013 the more cash stays in your pocket.","breadcrumb":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/#primaryimage","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80","contentUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80","width":2067,"height":1450,"caption":"Professional dog walker or pet sitter walking a pack of cute different breed and rescue dogs on leash at city street."},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/"},{"@type":"ListItem","position":3,"name":"Right-Sized Business Advice","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/"},{"@type":"ListItem","position":4,"name":"Solo Entrepreneur","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/"},{"@type":"ListItem","position":5,"name":"Test Your Gigonomics IQ"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/","name":"RBC Royal Bank","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/d055d46e444faf6863d781f24c107a5e","name":"jacquelinewu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3321e8136810c69188cc4e33665518d781482ff9e3a346484c2892fdffef6ded?s=96&d=mm&r=g","caption":"jacquelinewu"}}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Test Your Gigonomics IQ","url":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/test-your-gigonomics-iq\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.rbcroyalbank.com\/en-ca\/?rbc_wp_quizzes=what-kind-of-u-s-vacation-home-is-right-for-you-2"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80&w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"jacquelinewu"}],"creator":["jacquelinewu"],"publisher":{"@type":"Organization","name":"RBC Royal Bank","logo":""},"keywords":["entrepreneur"],"dateCreated":"2025-01-24T19:18:34Z","datePublished":"2025-01-24T19:18:34Z","dateModified":"2025-01-27T19:58:47Z"},"rendered":"","tracker_url":"https:\/\/cdn.parsely.com\/keys\/rbcroyalbank.com\/p.js"},"featured_img":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/01\/iStock-1178180431.jpg?quality=80&w=1024","coauthors":[],"author_meta":{"author_link":"https:\/\/www.rbcroyalbank.com\/en-ca\/author\/jacquelinewu\/","display_name":"jacquelinewu"},"relative_dates":{"created":"Posted 1 year ago","modified":"Updated 1 year ago"},"absolute_dates":{"created":"Posted on January 24, 2025","modified":"Updated on January 27, 2025"},"absolute_dates_time":{"created":"Posted on January 24, 2025 2:18 pm","modified":"Updated on January 27, 2025 2:58 pm"},"featured_img_caption":"Professional dog walker or pet sitter walking a pack of cute different breed and rescue dogs on leash at city street.","tax_additional":{"post_tag":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\" class=\"advgb-post-tax-term\">Entrepreneur<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Entrepreneur<\/span>"],"slug":"post_tag","name":"Tags"},"rbc_content_type":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/content-type\/quiz\/\" class=\"advgb-post-tax-term\">Quiz<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Quiz<\/span>"],"slug":"rbc_content_type","name":"Content Types"},"rbc_audience":{"linked":[],"unlinked":[],"slug":"rbc_audience","name":"Audiences"},"rbc_lob_group":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/lob-group\/business\/\" class=\"advgb-post-tax-term\">Business<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Business<\/span>"],"slug":"rbc_lob_group","name":"LOB Groups"},"rbc_difficulty_level":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/difficulty-level\/beginner\/\" class=\"advgb-post-tax-term\">Beginner<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Beginner<\/span>"],"slug":"rbc_difficulty_level","name":"Difficulty Levels"},"rbc_mmm_category":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/business\/\" class=\"advgb-post-tax-term\">Business<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/right-sized-business-advice\/\" class=\"advgb-post-tax-term\">Right-Sized Business Advice<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/small-business\/\" class=\"advgb-post-tax-term\">Small Business<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/solo-entrepreneur\/\" class=\"advgb-post-tax-term\">Solo Entrepreneur<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Business<\/span>","<span class=\"advgb-post-tax-term\">Right-Sized Business Advice<\/span>","<span class=\"advgb-post-tax-term\">Small Business<\/span>","<span class=\"advgb-post-tax-term\">Solo Entrepreneur<\/span>"],"slug":"rbc_mmm_category","name":"Categories"},"ep_custom_result":{"linked":[],"unlinked":[],"slug":"ep_custom_result","name":"Custom Results"}},"series_order":"","jetpack_sharing_enabled":true,"primary_tag":"157","primary_rbc_mmm_category":"392","_links":{"self":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/91800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter"}],"about":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/types\/rbc_my_money_matter"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/users\/80"}],"version-history":[{"count":12,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/91800\/revisions"}],"predecessor-version":[{"id":95468,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/91800\/revisions\/95468"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media\/91802"}],"wp:attachment":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media?parent=91800"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/tags?post=91800"},{"taxonomy":"rbc_content_type","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_content_type?post=91800"},{"taxonomy":"rbc_audience","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_audience?post=91800"},{"taxonomy":"rbc_lob_group","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_lob_group?post=91800"},{"taxonomy":"rbc_difficulty_level","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_difficulty_level?post=91800"},{"taxonomy":"rbc_mmm_category","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_category?post=91800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}