I am pretty young and my company made an excellent profit this year - but I aint posting a T4 for you fuckers
This thread is fun too.. let me add a few lines....
We have been submitting GST on our canadian clients (we are in hosting) and we have fully detailed info on each client we host. Address, business #'s and all that joyous shit.
We were originally informed by KPMG's commodity dept. over two years ago that we would not have to pay GST on any international clients we were hosting.
Now we are told (by rev can, ccra, gst dept, whatever they call themselves - I have been drinking a bit) we MAY have to pay GST on these sales, because when someone from the USA comes to Canada they pay GST on their purchases here and fill out some form at the border to get refunded for the GST..
Apparently, our international clients can also do this somehow.. although the details havent been fully disclosed to us yet (we also arent officially in an audit, but our last two GST refund claims have been held) but thanks to a very nice GST employee we are aware that we will be audited soon.
It is his opinion that we will have to pay retroactive GST on every sale we have ever made.... because we are obligated to charge GST on every sale and our client is obligated to fill out a form and claim a refund if they dont want to pay GST. It is also the GST employee's understanding that this new crackdown is only a money grab by Rev Can... and that many of us have been misled by previously vague GST reg's regarding internet biz...
Now, go back to bashing each other and braggin about how big your dicks are