Whoa CoolE that is great for you, and quite the opposite of what all the other Canadian paysite owners are experiencing.
Thanks for looking into it Sleazy - it will be interesting to hear what your people say.
In this other thread:
http://gofuckyourself.com/showthread...threadid=78280
Doc says:
Quote:
As massivecock said we are a Canadain company going through the same GST issues.
Here is the issue.
Normal companies collecting money from the states or other countries pay GST (goods and services tax) on any income that they earn.
The only companies that do not pay GST in Canada are ones that create package or shipped products and sell them to international buyers.
With internet companies that don't deal in package or shipped products they have to pay GST. As the products being sold are virtual products. Such as members, sponsor signups, traffic, anything on the internet that is not a package or shipped.
The new law put's internet companies in the normal business standard which does not deal with package or shipped products.
Now it sucks knowning they are going to take an extra 7%. If they ONLY do this to you, be very happy. If they want they can go back to the day you started your business and make you pay 7% on all that money ever earned. We are going to have to pay back taxes which is what we are fighting. We have nothing to fight with on paying 7% on all the new monies that we earn.
The only time we wont pay 7% is when we ship a product like a video to the states.
Only way to stop the 7% tax is leave Canada.
If you are wondering pretty much any porn company in Canada will be under this. Content companies, free sites, paysites, avs, traffic brokers, ect.
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It seems that paysite revenue and sponsor revenue are grey areas. What about web consulting fees collected from Americans?