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Originally Posted by psyko514
Ok, I'm a little confused. As a Canadian promoting a Canadian sponsor, I need to pay 7% of all my earnings from said sponsor to GST? And does the under $30K exemption apply to all my earnings, or only earnings from Canadian sponsors?
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The 30k is applicable for Canadian based income, not total income. And you are entitled to charge 7% GST on top of your payouts to the sponsor programs. If they don't pay it, it would have to come from your payouts but most canadian sponsors will pay it if you ask them. You also need to file with the CCRA regularly if you have a balance owing (quarterly I believe). Its paperwork like this that makes me not want to work with Canadian sponsors.
WG