If your in canada and use CCBill... do you pay tax in states and canada? - GoFuckYourself.com

sonofsam · 02-05-2005, 05:44 AM

since you can't accept visa if your in canada with ccbill.... you get incorporated in the states....

does that mean you pay tax in the states AND in canada???

any tips for something going about this?

Sarah - GTS · 02-05-2005, 07:12 AM

If you are incorporated in the States, I would assume you would have to pay U.S. corporate income tax. Do you transfer the money up to Canada though? That is where it might get tricky and you may have to pay Canadian tax.
My understanding is U.S tax rates are lower so it might be better to keep the income in the U.S.
Your best bet is to talk to a good Canadian Tax accountant and get some professional advise.

TurboAngel · 02-05-2005, 07:22 AM

Did you hunt down something for my new fur coat like you said you would?

sonofsam · 02-05-2005, 02:15 PM

yeah turbo... do you want the coat out of raccoons or lemur's ?

thanks for the advice sarah

gecko · 02-05-2005, 02:29 PM

Depends where you incorporate. Some states don't charge taxes

gecko · 02-05-2005, 02:31 PM

Instead theres like an annual fee. If you have a US bank and you transfer to your Canadian bank then you have to file it. To CRA

sonofsam · 02-05-2005, 02:34 PM

with CCBill i dont need to have a US bank though do i? i cant just get it directly to my bank account?

TurboAngel · 02-05-2005, 02:35 PM

Quote:

Originally Posted by sonofsam

yeah turbo... do you want the coat out of raccoons or lemur's ?

thanks for the advice sarah

Both sound good hun, thanks.

emmanuelle · 02-05-2005, 02:37 PM

Your Canadian company will invoice the US company for 100% of revenue. Thus no US taxes to pay, although you will need to file

WiredGuy · 02-05-2005, 02:37 PM

This is a subject you really should consult with an accountant, regardless of what is posted here.
WG

sonofsam · 02-05-2005, 02:41 PM

Quote:

Originally Posted by WiredGuy

This is a subject you really should consult with an accountant, regardless of what is posted here.
WG

Yeah... i just figured i'd soak up as much info as possible first... since i'm trying to keep costs low...

sonofsam · 02-05-2005, 02:44 PM

So.... just another quick question.. do i have to incorporate in canada too then?

and if so... then.... when applying for a licence..... is there a certain type of licence i apply for... anything i should be expecting?

turbo: raccoon and lemur coats are in the mail

webgurl · 02-05-2005, 03:07 PM

sonsofsam,
are u the guy that runs that squirt MGP ? Just wondering if you're the same person dave was talking about . (i'm in vancouver too)

BradShaw · 02-05-2005, 03:09 PM

People really pay taxes?

sonofsam · 02-05-2005, 03:11 PM

Quote:

Originally Posted by webgurl

sonsofsam,
are u the guy that runs that squirt MGP ? Just wondering if you're the same person dave was talking about . (i'm in vancouver too)

i don't run a squirt mgp.. i run another forum for canadian adult webmasters.... and i remember someone saying something about you being their future wife and bringing you over lol.. but i'm obviously not gonna post the url in here. but if u want icq me

webgurl · 02-05-2005, 03:27 PM

Quote:

Originally Posted by sonofsam

i don't run a squirt mgp.. i run another forum for canadian adult webmasters.... and i remember someone saying something about you being their future wife and bringing you over lol..

Hmmmm interesting thats not creepy or anything LOL .

Anyways i'll hit u up later i have a few questions on CND processing as well

sonofsam · 02-05-2005, 03:27 PM

okey doke

02-05-2005, 05:44 AM	#1
sonofsam Too lazy to set a custom title Join Date: Dec 2004 Location: Vancouver Posts: 18,639	If your in canada and use CCBill... do you pay tax in states and canada? since you can't accept visa if your in canada with ccbill.... you get incorporated in the states.... does that mean you pay tax in the states AND in canada??? any tips for something going about this? __________________ I like turtles.

02-05-2005, 07:12 AM	#2
Sarah - GTS Confirmed User Join Date: Jul 2003 Posts: 1,656	If you are incorporated in the States, I would assume you would have to pay U.S. corporate income tax. Do you transfer the money up to Canada though? That is where it might get tricky and you may have to pay Canadian tax. My understanding is U.S tax rates are lower so it might be better to keep the income in the U.S. Your best bet is to talk to a good Canadian Tax accountant and get some professional advise. __________________ Buy Mobile traffic - target by county and / or device Got Mobile Traffic? don't redirect it away! We build you your very own mobile tube site complete with videos and pay you up to 20 cents PPC! Keep your valuable surfers, build traffic and build your SEO! There is no better solution for your mobile traffic! [email protected] ICQ# 229-972-572

02-05-2005, 02:15 PM	#4
sonofsam Too lazy to set a custom title Join Date: Dec 2004 Location: Vancouver Posts: 18,639	yeah turbo... do you want the coat out of raccoons or lemur's ? thanks for the advice sarah __________________ I like turtles.

02-05-2005, 02:29 PM	#5
gecko ****** Join Date: Jun 2002 Posts: 21,846	Depends where you incorporate. Some states don't charge taxes __________________ [email protected]

02-05-2005, 02:31 PM	#6
gecko ****** Join Date: Jun 2002 Posts: 21,846	Instead theres like an annual fee. If you have a US bank and you transfer to your Canadian bank then you have to file it. To CRA __________________ [email protected]

02-05-2005, 07:22 AM	#3
TurboAngel H.B.I.C. Industry Role: Join Date: Jun 2003 Location: NC Posts: 30,122	Did you hunt down something for my new fur coat like you said you would?

02-05-2005, 02:34 PM	#7
sonofsam Too lazy to set a custom title Join Date: Dec 2004 Location: Vancouver Posts: 18,639	with CCBill i dont need to have a US bank though do i? i cant just get it directly to my bank account? __________________ I like turtles.

02-05-2005, 02:37 PM	#9
emmanuelle Confirmed User Join Date: Mar 2003 Location: Oh Canada! Posts: 3,662	Your Canadian company will invoice the US company for 100% of revenue. Thus no US taxes to pay, although you will need to file

02-05-2005, 02:37 PM	#10
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,494	This is a subject you really should consult with an accountant, regardless of what is posted here. WG __________________ I play with Google.

02-05-2005, 02:44 PM	#12
sonofsam Too lazy to set a custom title Join Date: Dec 2004 Location: Vancouver Posts: 18,639	So.... just another quick question.. do i have to incorporate in canada too then? and if so... then.... when applying for a licence..... is there a certain type of licence i apply for... anything i should be expecting? turbo: raccoon and lemur coats are in the mail __________________ I like turtles.

02-05-2005, 03:07 PM	#13
webgurl Confirmed User Join Date: Aug 2002 Location: Clouds with Carebears Posts: 7,954	sonsofsam, are u the guy that runs that squirt MGP ? Just wondering if you're the same person dave was talking about . (i'm in vancouver too)

02-05-2005, 03:09 PM	#14
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	People really pay taxes? __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

02-05-2005, 03:27 PM	#17
sonofsam Too lazy to set a custom title Join Date: Dec 2004 Location: Vancouver Posts: 18,639	okey doke __________________ I like turtles.