Canadian webmasters, how should my revenue be declared? - GoFuckYourself.com

Paraskass · 02-01-2005, 11:11 PM

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 · 02-01-2005, 11:13 PM

get a CA

WiredGuy · 02-01-2005, 11:15 PM

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

WG

austinth · 02-01-2005, 11:16 PM

what sleazy said. you should look into seting up a corporation. the accountant will help you.

Spunky · 02-01-2005, 11:17 PM

Depends how substantial of an ammount..

Paraskass · 02-01-2005, 11:23 PM

Quote:

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?

WiredGuy · 02-01-2005, 11:30 PM

Quote:

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

vivency-AdamQ · 02-02-2005, 12:14 AM

don't declare it... :D

02-01-2005, 11:11 PM	#1
Paraskass Confirmed User Join Date: May 2002 Location: QC Posts: 5,829	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? __________________

02-01-2005, 11:13 PM	#2
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	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.

02-01-2005, 11:15 PM	#3
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,482	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.

02-01-2005, 11:16 PM	#4
austinth Confirmed User Join Date: Jul 2002 Location: Fantasy Island Posts: 1,770	what sleazy said. you should look into seting up a corporation. the accountant will help you. __________________ Get A $25 Circuit City GIFT Card - *FREE*!

02-01-2005, 11:17 PM	#5
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,944	Depends how substantial of an ammount.. __________________ *YOUR INFORMATION HERE*

02-02-2005, 12:14 AM	#8
vivency-AdamQ Confirmed User Join Date: Jan 2005 Posts: 462	don't declare it... :D