Taxes in Canada - GoFuckYourself.com

tempra · 04-06-2002, 07:09 AM

i live in ontario, canada.

do i have to pay tax for my internet income ?
my sponsors are in usa they send me checks from there and i deposit them in my bank account.
I am worrying about laws. i know that in USA if income is more than 600 $ you have to pay tax but canada what is like that?

Thanks...

Sincerely...

04-06-2002, 07:15 AM

Yes, you at least have to report the income on your tax return.

Za Ha · 04-06-2002, 08:12 AM

You have to pay only if you make over $7,200 CANADIAN.

Pipecrew · 04-06-2002, 08:14 AM

Quote:

Originally posted by Za Ha
You have to pay only if you make over $7,200 CANADIAN.

I think its less then that man, if you actually employ yourself with porn, i think its 7200..... if not and its a partime thing, I think you only have to declare it, if its over 2000

zubr · 04-06-2002, 09:29 AM

you have to declare it even if it's $1....
Its only that you dont have to pay for it if you made under 7000

tempra · 04-06-2002, 09:48 AM

monthly or yearly 7200$ or 2000$

LoveAsianChicks · 04-06-2002, 10:02 AM

$7200 personal amount or something.
No matter how you make your money you subtract $7200 (yearly) from your income then do the taxes.

Say you earn $20,000 from a job.
Earn $12,000 internet work.

32,000
- 7,200

=24.800 is your income you pay tax on.
It doesn't work out that smooth because deductions and such you can claim.

If your total income in $7,200 or less, you do not pay income tax.
It is illegal to not report your internet money if that money or the internet money + job is over 7,200/year.

If you start cashing 5K checks in the bank every month, and claim nothing from the internet, you are sortive fucked.

sasush · 04-06-2002, 11:20 AM

i'm not going to pay taxes !

ZapMan · 04-06-2002, 11:22 AM

oh canada!!

Za Ha · 04-06-2002, 11:27 AM

Its $7,200 per year FOR SURE.

SleazyDream · 04-06-2002, 01:07 PM

smart idea to file a US return stating you earned the money in canada and paid the tax on it there.

FlyingIguana · 04-06-2002, 01:31 PM

Quote:

Originally posted by SleazyDream
smart idea to file a US return stating you earned the money in canada and paid the tax on it there.

u don't need to file a US return if u live in canada...

Rice_Master · 04-07-2002, 01:03 AM

How would you declare your income if Ibill/CCbill never sent you your t4 slip in Canada... would the IRS believe what you if you only have those cheques receipts to prove it to them? or better yet fuck the tax....

FlyingIguana · 04-07-2002, 01:06 AM

if they audited u, they'd go after your banking statements. thats really the only way. no site will send out a t4 anyways because u don't work for the site, u work for yourself.

04-06-2002, 07:09 AM	#1
tempra Confirmed User Join Date: Jul 2001 Location: Toronto Ontario Canada Posts: 295	Taxes in Canada i live in ontario, canada. do i have to pay tax for my internet income ? my sponsors are in usa they send me checks from there and i deposit them in my bank account. I am worrying about laws. i know that in USA if income is more than 600 $ you have to pay tax but canada what is like that? Thanks... Sincerely...

04-06-2002, 09:29 AM	#5
zubr Confirmed User Join Date: Jan 2002 Location: Toronto Posts: 1,227	you have to declare it even if it's $1.... Its only that you dont have to pay for it if you made under 7000 __________________ Alex - ICQ:61889253 - MSN:zubr_zubr at hotmail.com - Skype:zubrzubr

04-06-2002, 10:02 AM	#7
LoveAsianChicks Registered User Join Date: Mar 2002 Location: -CANADA- Posts: 1,464	$7200 personal amount or something. No matter how you make your money you subtract $7200 (yearly) from your income then do the taxes. Say you earn $20,000 from a job. Earn $12,000 internet work. 32,000 - 7,200 =24.800 is your income you pay tax on. It doesn't work out that smooth because deductions and such you can claim. If your total income in $7,200 or less, you do not pay income tax. It is illegal to not report your internet money if that money or the internet money + job is over 7,200/year. If you start cashing 5K checks in the bank every month, and claim nothing from the internet, you are sortive fucked. Last edited by LoveAsianChicks; 04-06-2002 at 10:06 AM..

04-06-2002, 11:22 AM	#9
ZapMan Confirmed User Join Date: Dec 2001 Location: in front of my computer Posts: 467	oh canada!! __________________ submit your sites to http://www.zap-man.com New Clean Galleries http://www.freesexpicsforyou.com

04-06-2002, 01:07 PM	#11
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	smart idea to file a US return stating you earned the money in canada and paid the tax on it there. __________________ 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.

04-06-2002, 07:15 AM	#2
evildick Guest Posts: n/a	Yes, you at least have to report the income on your tax return.

04-06-2002, 08:12 AM	#3
Za Ha Confirmed User Join Date: Oct 2001 Location: Still lost Posts: 5,112	You have to pay only if you make over $7,200 CANADIAN.

04-06-2002, 09:48 AM	#6
tempra Confirmed User Join Date: Jul 2001 Location: Toronto Ontario Canada Posts: 295	monthly or yearly 7200$ or 2000$

04-06-2002, 11:20 AM	#8
sasush So Fucking Banned Join Date: Apr 2001 Location: Toronto Posts: 1,026	i'm not going to pay taxes !

04-06-2002, 11:27 AM	#10
Za Ha Confirmed User Join Date: Oct 2001 Location: Still lost Posts: 5,112	Its $7,200 per year FOR SURE.

04-07-2002, 01:03 AM	#13
Rice_Master Confirmed User Join Date: Mar 2001 Posts: 1,582	How would you declare your income if Ibill/CCbill never sent you your t4 slip in Canada... would the IRS believe what you if you only have those cheques receipts to prove it to them? or better yet fuck the tax....

04-07-2002, 01:06 AM	#14
FlyingIguana aspiring banker Join Date: Mar 2002 Location: toronto Posts: 10,870	if they audited u, they'd go after your banking statements. thats really the only way. no site will send out a t4 anyways because u don't work for the site, u work for yourself.