Canadian Tax Question - Dealing with GST

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • Za Ha
    Confirmed User
    • Oct 2001
    • 5112

    #1

    Canadian Tax Question - Dealing with GST

    It's almost tax time and I have a quick question about how you guys deal with GST.

    When you get an affiliate cheque from a Canadian company you should charge them GST, however that does not happen because you simply get your cheque each pay period. But when doing your taxes you have to pay 5% of all services rendered for Canadian companies....

    Furthermore, if you get a payment from Gallery Traffic Services, and they broker your traffic and the client is not Canadian based you shouldn't have to pay GST because you are providing a service to a non-Canadian firm right?

    How do you guys deal with this?
    I'm going to see my accountant tomorrow and see what he has to say. In the past I just paid the GST but this year there is a bit more $ and I don't want to give away that 5% if I don't have to.

    Thanks in advance!
  • BlackCrayon
    Too lazy to set a custom title
    • Jun 2003
    • 19634

    #2
    I'm not sure about GTS but in general you only have to pay GST if your earnings from canadian companies exceed 30,000 per year.
    you don't know you're wearing a leash if you sit by the peg all day..

    Comment

    • qwe
      Confirmed User
      • Jul 2003
      • 2109

      #3
      if you get money from states and you don't charge members yourself ( ie. sending traffic to generate sign ups) you shouldn't have to pay GST ... company that bills your signups pay, thats how I understand it

      Comment

      • directfiesta
        Too lazy to set a custom title
        • Oct 2002
        • 30137

        #4
        Originally posted by BlackCrayon
        I'm not sure about GTS but in general you only have to pay GST if your earnings from canadian companies exceed 30,000 per year.
        correction:

        you only have to pay GST if your earnings exceed 30,000 per year.

        note the removed " from canadian companies "
        I know that Asspimple is stoopid ... As he says, it is a FACT !

        But I can't figure out how he can breathe or type , at the same time ....

        Comment

        • BlackCrayon
          Too lazy to set a custom title
          • Jun 2003
          • 19634

          #5
          Originally posted by directfiesta
          correction:

          you only have to pay GST if your earnings exceed 30,000 per year.

          note the removed " from canadian companies "
          When i called the GST people to get a GST number, they told me 30k from canadian companies, not 30k total.
          you don't know you're wearing a leash if you sit by the peg all day..

          Comment

          • directfiesta
            Too lazy to set a custom title
            • Oct 2002
            • 30137

            #6
            Originally posted by BlackCrayon
            When i called the GST people to get a GST number, they told me 30k from canadian companies, not 30k total.
            I hope you got that in writing .... That is the problem with those bozos ... Call one everyday, and you will get a new story ....

            Do I need to register for GST (Goods and Services Tax)?
            While you are not required to register for GST until your annual gross revenues exceed a minimum threshold (currently $30,000) we generally recommend that any business register as soon as possible.

            http://www.gst-tax.com/?gclid=CMCR6e...FQKhlgodQBSUAg
            note: annual gross ...

            Mandatory registration

            You have to register for GST/HST when you no longer qualify as a small supplier because your total worldwide taxable supplies of goods and services exceed the small supplier limit of $30,000 in a single calendar quarter or in four consecutive calendar quarters.

            http://www.cra-arc.gc.ca/tax/busines...ndatory-e.html
            That one is directly from the cocksuckers site ..... I had my dealings with them ... Once I did a settlement with my bankruptcy syndic sitting beside me ... as well as a bank draft with no name .... Asked them who should i put ...? Revenue Canada or Lapointe & Lapointe bankruptcy syndic .... As good hoes, they took the draft....
            I know that Asspimple is stoopid ... As he says, it is a FACT !

            But I can't figure out how he can breathe or type , at the same time ....

            Comment

            Working...