3. Learn the rules about income tax and tips

Keep track of the tips you get, whether you keep your own tips or get a share of tips from a pool. Since tips are part of your income, you should include them on your income tax return.

If your employer puts tips in a pool and decides what share you get, they must include the amounts on the T4 statement they give you. You use the information on the T4 statement when you fill out your income tax return.

Otherwise, you're supposed to report tips yourself when you do your income tax.