Canadian webmasters, how should my revenue be declared?

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  • Paraskass
    Confirmed User
    • May 2002
    • 5829

    #1

    Canadian webmasters, how should my revenue be declared?

    I do not own a paysite, so basically all the money I make is off sales to sponsors.

    Now, last year, I declared that income as "comission" and the province of Quebec charges a high % on "foreign comission".

    What should I classify my revenue as? Is comission the right way to go? Or should I just say I am an affiliate or "contractual" employee of the sponsor?
  • SleazyDream
    I'm here for SPORT
    • Jul 2001
    • 41470

    #2
    get a CA
    This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

    Now read without the word dog.

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    • WiredGuy
      Pounding Googlebot
      • Aug 2002
      • 34517

      #3
      Get an accountant and make sure you keep a lot of receipts. Accountants are wonderful people, they help keep your taxes lower.

      WG
      I play with Google.

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      • austinth
        Confirmed User
        • Jul 2002
        • 1770

        #4
        what sleazy said. you should look into seting up a corporation. the accountant will help you.
        Get A $25 Circuit City GIFT Card - FREE!

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        • Spunky
          I need a beer
          • Jun 2002
          • 133978

          #5
          Depends how substantial of an ammount..

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          • Paraskass
            Confirmed User
            • May 2002
            • 5829

            #6
            Originally posted by WiredGuy
            Get an accountant and make sure you keep a lot of receipts. Accountants are wonderful people, they help keep your taxes lower.

            WG

            yeah I got one last year. I feel they sucked. I will look into getting an accountant that has more knowledge about e-business.

            WG, do you know of any firms that have good accountants working in Ottawa that deal with e-business or online adult?

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            • WiredGuy
              Pounding Googlebot
              • Aug 2002
              • 34517

              #7
              Originally posted by Paraskass
              yeah I got one last year. I feel they sucked. I will look into getting an accountant that has more knowledge about e-business.

              WG, do you know of any firms that have good accountants working in Ottawa that deal with e-business or online adult?
              No idea about the Ottawa area. I met mine through the alumni registry at my university and know of a few within the local entrepreneurs associations in town here.

              WG
              I play with Google.

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              • vivency-AdamQ
                Confirmed User
                • Jan 2005
                • 462

                #8
                don't declare it... :D
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