Quote:
Originally posted by bdjuf
hey guys, here is my question to you today:
if I live in canada, and I do not supply a SSN number to my sponsors, @ the end of the year, must I pay taxes on the money I made?
most of the $ I deposit in my bank account, since I have no real expenses yet...
how will they know how much I made? will my bank tell them "bdjuf made X$ this year?"
will the government come after me?
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Many Canadians wonder the same thing.
If you get audited and they look at your bank statements and see 50 deposits + 50 USD credits a month you will owe them what they decide you owe them, plus a penalty of %50 - %200.
They really don't have a reason to audit you unless another person at your address fucks up (ie, a spouse) or someone decides to snitch on you because you are dumb enough to post your intentions publically.