GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Need some advice.. Made > $700,000 but still havent paid taxes (Canadian)

WiredGuy · 07-31-2007, 11:35 AM

You may be able to shelter this years earnings (or a portion thereof) within a new corporation but very little chance you can legally do it for past years. No matter what, you need to talk to an accountant asap, and especially before the feds catch on, then you'll be really screwed. No matter what, expect to forfeit nearly half your earnings.
WG

07-31-2007, 11:35 AM
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,504	You may be able to shelter this years earnings (or a portion thereof) within a new corporation but very little chance you can legally do it for past years. No matter what, you need to talk to an accountant asap, and especially before the feds catch on, then you'll be really screwed. No matter what, expect to forfeit nearly half your earnings. WG __________________ I play with Google.