Thread: Tax Question
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Old 10-01-2001, 12:58 AM  
Rocky
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Join Date: Jul 2001
Location: Living Off The Grid
Posts: 3,022
no they don't Royaltee_Gee

it becomes your own responsibility to supply the Canada Customs And Revenue Agency with your own details regarding money earned from sponsors

that is why you need to keep all of your sponsor check stubs on file (they also can cross reference the amount from your deposit book)

the other good thing about incorporating is that you can give yourself a directors fee rather than be on the payroll of your company

this enables you to give yourself income based on amount earned rather than a fixed salary and you don't have to produce a T4 slip for personal taxes
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