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buddyjuf

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#1

must I pay taxes on the few bucks I make off porn?

05-15-2003, 11:59 AM

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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boneprone

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#2

05-15-2003, 12:01 PM

Nahh.

Dont worry about it.

Industry Hall Of Fame Legend Mike Jones
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EscortBiz

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#3

05-15-2003, 12:02 PM

they now accept memberships as tax payments

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gruffy

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#4

05-15-2003, 12:05 PM

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?

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.

Last edited by gruffy; 05-15-2003, 12:08 PM.
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Jakke PNG

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#5

05-15-2003, 12:06 PM

I don't make any money, so I don't have to worry about that

..and I'm off.
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dlex

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#6

05-15-2003, 12:07 PM

Originally posted by TeenGodFather
I don't make any money, so I don't have to worry about that
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imJason

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#7

05-15-2003, 12:12 PM

well, im canadien and I pay my taxes,

lol, but sometimes I wish I did not,

bottom like the canadien government is clueless,

they collect on my taxes and know what I make, for only one reason,

thats because I declare it and im a sucker,

look the any way they will know is if they audit you and find your bank account trail,

you can also get caught, if you hold shit loads of money in a account and make interest

the bank will issue you a T4 for any interest over 100$ a year,

and that will tell the government you ve got money,

best thing to do in your shoes is never ever pay taxes,

you only look suspicious if you declare 100K one year and 1$ the next

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imJason

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#8

05-15-2003, 12:13 PM

oh and get like 10 bank accounts so the banks dont rat you out, but thats rare,

but with everything, you may get caught, and then you owe,

which is why I pay mine, so I can sleep at night

IM Jason

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69pornlinks

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#9

05-15-2003, 12:14 PM

Now you do, Why deposit all the money,one day they may asked how you get this..Open up a flea market booth once a month and say that's how you make your money and only pay takes on a small % of the income,i'm clueless on your tax laws

It IS what it IS
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gruffy

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#10

05-15-2003, 12:16 PM

Bottom line, if you wish to evade taxes do it through a corporate shell.

The CCRA let enron evade 500 million in taxes without putting up a fight.

But god help you if you didn't declare the extra 10k on the side you made pushing pr0n.

There is a lesson there about the way things are done in Canada.

oh yes and;

ps-> should you ever wind up in tax court and be threatend with %200 penalties or jail time for tax evasion remember %70 of decisions go against individuals in favour of the CCRA.

Last edited by gruffy; 05-15-2003, 12:18 PM.
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gruffy

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#11

05-15-2003, 12:29 PM

Originally posted by 69pornlinks
Now you do, Why deposit all the money,one day they may asked how you get this..Open up a flea market booth once a month and say that's how you make your money and only pay takes on a small % of the income,i'm clueless on your tax laws

And at this flea market booth, everyone would be paying for items with a US Dollar check?
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lamrobertson

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#12

05-15-2003, 02:47 PM

Originally posted by imJason
oh and get like 10 bank accounts so the banks dont rat you out, but thats rare,

but with everything, you may get caught, and then you owe,

which is why I pay mine, so I can sleep at night

Won;t work. When you go to another bank they look up your sin number and see if you have other accounts. I am sure if revenue canada is going to audit you they will very easily find all accounts.

The easiest way for a Canadian is to get a paypal account and spend using the debit card. But don't! dont put it in the bank!
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buddyjuf
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#13

05-15-2003, 03:03 PM

Originally posted by gruffy

And at this flea market booth, everyone would be paying for items with a US Dollar check?

duh...
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69pornlinks

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#14

05-15-2003, 05:08 PM

Cash the check 1st, then deposit whatever cash you wish to declare.just don't deposit the whole check.

ir your bank the only place you can cash the checks you get

It IS what it IS
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kronic

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#15

05-15-2003, 05:47 PM

Originally posted by 69pornlinks
Cash the check 1st, then deposit whatever cash you wish to declare.just don't deposit the whole check.

ir your bank the only place you can cash the checks you get

Well I'm lucky in that my bank doesn't hold my US cheques the standard 30 days, but for most individuals they do, so that would be out of the question.

If however I or someone in my situation wanted to simply CASH the cheques, I'm pretty sure, it would still show up in my account as a deposit and then a withdrawal. So, it would still show that you HAD that money in the first place.
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ronin

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#16

05-15-2003, 05:49 PM

hell ya, pay yo part playa
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darksoul

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#17

05-15-2003, 06:07 PM

you guys can send them over to me...
I promise I wont spend them...

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gruffy

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#18

05-15-2003, 06:10 PM

Originally posted by kronic

Well I'm lucky in that my bank doesn't hold my US cheques the standard 30 days, but for most individuals they do, so that would be out of the question.

Which bank offers a CAD denominated account without the 30 day hold?
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FlyingIguana

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#19

05-15-2003, 06:11 PM

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?

if they audit you they'll get your banking info. you're suppose to claim any income you make, so yes claim what you made on your taxes.
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FlyingIguana

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#20

05-15-2003, 06:13 PM

Originally posted by gruffy

Which bank offers a CAD denominated account without the 30 day hold?

after 3 months scotiabank will give you cashback which you can use to cash american cheques. if you have 1000, you can cash up to that amount without a hold. they seem to have the best procedures in place to deal with american cheques.
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gruffy

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#21

05-15-2003, 06:14 PM

Originally posted by FlyingIguana
if they audit you they'll get your banking info. you're suppose to claim any income you make, so yes claim what you made on your taxes.

This is where those handy anonymous Yambo ATM cards are supposed to come in to play.

Theoretically if it never hits a Canadian bank (ie, paypal debit card) you are clean.

Won't last forever though.
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FlyingIguana

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#22

05-15-2003, 06:15 PM

Originally posted by gruffy

This is where those handy anonymous Yambo ATM cards are supposed to come in to play.

Theoretically if it never hits a Canadian bank (ie, paypal debit card) you are clean.

Won't last forever though.

'hitting a bank' that could mean the atm because it would be a canadian owned atm. then they could hit you with tax evasion. i would claim it.
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lamrobertson

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#23

05-15-2003, 06:17 PM

Originally posted by gruffy

This is where those handy anonymous Yambo ATM cards are supposed to come in to play.

Theoretically if it never hits a Canadian bank (ie, paypal debit card) you are clean.

Won't last forever though.

I was thinking since paypal is US that they wouldnt' see that?
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Gianni Uomo

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#24

05-15-2003, 06:19 PM

http://groups.msn.com/thetruthbehindthelies

http://groups.yahoo.com/group/thetruthbehindthelies/
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gruffy

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#25

05-15-2003, 06:19 PM

Originally posted by FlyingIguana
'hitting a bank' that could mean the atm because it would be a canadian owned atm. then they could hit you with tax evasion. i would claim it.

International postal order then.

edit: there are millions of ATMs in Canada and billions of transactions annualy - CCRA would have a hell of a time finding a few selected withdrawls. Even if they did they would have to proove its income which they really can't.

It's not like they hire the most gifted intellectuals there.

Last edited by gruffy; 05-15-2003, 06:29 PM.
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