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x582 · 12-04-2002, 07:25 PM

Quiet, you've been through rough times I am sure. I am also personally fighting with RevCan and going thru all this shit as we speak. They can be a real pain in the ass, it's not even funny.

Bottom line, we all agree to the following:

1. We HAVE TO charge GST (7%) on every sales we made to our paysites.

2. Affiliate income is GSTable with other Canadian Affiliate Program who are registered for GST. (Gammacash, PlatinumBucks, Python, etc...)

--

We are dealing with one of the largest accounting firm in the world, and we are dealing with senior managers and partners of this firm. Our informations are very accurate and I am telling you that this is very scary.

I can also tell you that there is a "list" in CCRA's hands. This list contains companies and individuals who were previously audited by the CCRA and felt into that "intangible - zero rated" section.

These folks on that list will get audited anytime soon and it will hurt bad. I am just thinking about some companies like GammaCash... this is not funny.

We CAN'T run from this tax law - and we have to pay.

But

We can certainly try to find solutions for the future and this is what we've been doing for the past months with our accounting firm and our lawyers.

12-04-2002, 07:25 PM
x582 Confirmed User Join Date: Mar 2002 Location: heh? Posts: 609	Quiet, you've been through rough times I am sure. I am also personally fighting with RevCan and going thru all this shit as we speak. They can be a real pain in the ass, it's not even funny. Bottom line, we all agree to the following: 1. We HAVE TO charge GST (7%) on every sales we made to our paysites. 2. Affiliate income is GSTable with other Canadian Affiliate Program who are registered for GST. (Gammacash, PlatinumBucks, Python, etc...) -- We are dealing with one of the largest accounting firm in the world, and we are dealing with senior managers and partners of this firm. Our informations are very accurate and I am telling you that this is very scary. I can also tell you that there is a "list" in CCRA's hands. This list contains companies and individuals who were previously audited by the CCRA and felt into that "intangible - zero rated" section. These folks on that list will get audited anytime soon and it will hurt bad. I am just thinking about some companies like GammaCash... this is not funny. We CAN'T run from this tax law - and we have to pay. But We can certainly try to find solutions for the future and this is what we've been doing for the past months with our accounting firm and our lawyers. Last edited by x582; 12-04-2002 at 07:28 PM..