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Working in Canada and being paid by US companies is good because you make a few points on the conversion. It's not as good as it was about 4 years ago but its still ok.
It is still income and you still have to declare it. Yes you can hide it by being paid by epassport but whats the point? As a company you NEED expenses otherwise you'll be taxed on it. If you declare your expenses but don't have the income to support it the government will be all over you. If you have a legit business here, do the right thing and pay your taxes. It's easy enough to get back, and the government will gladly give you the reach-around when you need them. Taxes are on the high side but you get some decent value for it. Plus if you're a technology company there are even better reasons to move your company here. In other words, they like the fact that you're technology-based, and don't care if you're technology also happens to involve porn.
If you have legal questions about running a porn business in Canada or just need help with incorporation, contact Ken Zigby at Zigby.com and he'll assist you.
Mark Prince
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