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quiet 12-04-2002 11:15 PM

Quote:

Originally posted by 49thParallel
Why do I bother...GST...goods and sales TAX...oh, look, it is a tax..it must be, it has the word tax in it

...you skirted the tax by not having the intelligence to realize that ALL Canadians must pay GST on goods and services, hence the name Goods and Services Tax. In the eyes of CCRA and in mine, you purposely tried to evade the legal requirement to collect GST on Canadian purchases....get it now..whiz kid(s)

how does it feel, to be such a failure? especially at your age (you've hinted you are quite old).

to try to break into adult, after your other (obvious) failures.... it must be hard.

i feel sorry for you. and i understand why you are so bitter.

the whole dirty old surfer turned webmaster didn't work out, did it?

:glugglug

49thParallel 12-04-2002 11:16 PM

Quote:

Originally posted by SleazyDream


where are you pulling all this info from? your ass is the most likely sourse.

Quiet paid more than $600k to the GST office alone - not even counting the income tax he's paid.

solid business advise still accounts for the VAST majority of new businesses ending their first year in total financial ruin.


Are you high?

And on an ending note...at least if "solid design advise" accounts for the vast majority of TGP business failures..blah, blah blah...then you have nothing to worry about... again, sorry, but I call it as I see it...only in this industry would the complete amateurish design and lack of any sort of marketing skills still allow a site to succeed...ah, the human hormones have no taste....

Jay_StandAhead 12-04-2002 11:19 PM

Quote:

Originally posted by 49thParallel


And on an ending note...at least if "solid design advise" accounts for the vast majority of TGP business failures..blah, blah blah...then you have nothing to worry about... again, sorry, but I call it as I see it...only in this industry would the complete amateurish design and lack of any sort of marketing skills still allow a site to succeed...ah, the human hormones have no taste....

I think that Sleazy's site is great. His design makes the surfer bookmark, and it's all that counts.

49thParallel 12-04-2002 11:22 PM

Quote:

Originally posted by quiet


how does it feel, to be such a failure? especially at your age (you've hinted you are quite old).

to try to break into adult, after your other (obvious) failures.... it must be hard.

i feel sorry for you. and i understand why you are so bitter.

the whole dirty old surfer turned webmaster didn't work out, did it?

:glugglug

Once again...give me something to work with...my observations are based on facts that you have supplied...you are into Rev Can for $600,000 on GST, due to lack of business planning...that we know....

The stuff you are throwing at me is pure whimsical on your end...with absolutely nothing to back it up...

That's it...I need somethign more stimulating to end my evening..to bad all of the neighborhood slugs are already frozen to the front step...at this point, they would surely provoke a more grounded conversation...

Night night... and give my love to CCRA...remind me again...why have you paid them $600,000 in GST..oh, right...because you thought you were exempt from charging GST, just like everyone else. (Hmm, can you see the problem with that statement)

SleazyDream 12-04-2002 11:22 PM

Quote:

Originally posted by 49thParallel


And on an ending note...at least if "solid design advise" accounts for the vast majority of TGP business failures..blah, blah blah...then you have nothing to worry about... again, sorry, but I call it as I see it...only in this industry would the complete amateurish design and lack of any sort of marketing skills still allow a site to succeed...ah, the human hormones have no taste....


yes, sleazydream is a complete failure. so are Quiet's sites. we must all bow down to the superior wisdom and knowledge of this NEWBIE who obviousy knows EVERYTHING. Please tell us more ohhh enlightened one. We must discontinue what we've been doing (porfitably) for years and follow any advise that might instantly pop into your head.
Tell us more, oh please tell us more. You know soo much.



I'm willing to bet this fool is younger than we are Quiet.

quiet 12-04-2002 11:25 PM

Quote:

Originally posted by 49thParallel


Once again...give me something to work with...my observations are based on facts that you have supplied...you are into Rev Can for $600,000 on GST, due to lack of business planning...that we know....

The stuff you are throwing at me is pure whimsical on your end...with absolutely nothing to back it up...

That's it...I need somethign more stimulating to end my evening..to bad all of the neighborhood slugs are already frozen to the front step...at this point, they would surely provoke a more grounded conversation...

Night night... and give my love to CCRA...remind me again...why have you paid them $600,000 in GST..oh, right...because you thought you were exempt from charging GST, just like everyone else. (Hmm, can you see the problem with that statement)

so bitter. i can post stats. can you? lol. what happened to your big advertising business?

i'm glad you did not even bother denying your failures - it would have been even more pathetic.

this is so much fun :glugglug

going to go now? you've been saying that for the past couple hours. translation = i am a failure, and it hurts.

quiet 12-04-2002 11:27 PM


49thParallel 12-04-2002 11:27 PM

Quote:

Originally posted by SleazyDream



yes, sleazydream is a complete failure. so are Quiet's sites. we must all bow down to the superior wisdom and knowledge of this NEWBIE who obviousy knows EVERYTHING. Please tell us more ohhh enlightened one. We must discontinue what we've been doing (porfitably) for years and follow any advise that might instantly pop into your head.
Tell us more, oh please tell us more. You know soo much.



I'm willing to bet this fool is younger than we are Quiet.

So pick a side for god's sake..which is it...is it bad to be young or is it bad to be old...you guys are so confusing....

And, in case the adult biz doesn't pan out for you...please work on that spelling:

porfitably - WRONG
advise - WRONG

L0stMind 12-04-2002 11:31 PM

I am pretty young and my company made an excellent profit this year - but I aint posting a T4 for you fuckers :)

This thread is fun too.. let me add a few lines....

We have been submitting GST on our canadian clients (we are in hosting) and we have fully detailed info on each client we host. Address, business #'s and all that joyous shit.

We were originally informed by KPMG's commodity dept. over two years ago that we would not have to pay GST on any international clients we were hosting.

Now we are told (by rev can, ccra, gst dept, whatever they call themselves - I have been drinking a bit) we MAY have to pay GST on these sales, because when someone from the USA comes to Canada they pay GST on their purchases here and fill out some form at the border to get refunded for the GST..

Apparently, our international clients can also do this somehow.. although the details havent been fully disclosed to us yet (we also arent officially in an audit, but our last two GST refund claims have been held) but thanks to a very nice GST employee we are aware that we will be audited soon.

It is his opinion that we will have to pay retroactive GST on every sale we have ever made.... because we are obligated to charge GST on every sale and our client is obligated to fill out a form and claim a refund if they dont want to pay GST. It is also the GST employee's understanding that this new crackdown is only a money grab by Rev Can... and that many of us have been misled by previously vague GST reg's regarding internet biz...

Now, go back to bashing each other and braggin about how big your dicks are :)

quiet 12-04-2002 11:34 PM

Quote:

Originally posted by L0stMind
I am pretty young and my company made an excellent profit this year - but I aint posting a T4 for you fuckers :)

This thread is fun too.. let me add a few lines....

We have been submitting GST on our canadian clients (we are in hosting) and we have fully detailed info on each client we host. Address, business #'s and all that joyous shit.

We were originally informed by KPMG's commodity dept. over two years ago that we would not have to pay GST on any international clients we were hosting.

Now we are told (by rev can, ccra, gst dept, whatever they call themselves - I have been drinking a bit) we MAY have to pay GST on these sales, because when someone from the USA comes to Canada they pay GST on their purchases here and fill out some form at the border to get refunded for the GST..

Apparently, our international clients can also do this somehow.. although the details havent been fully disclosed to us yet (we also arent officially in an audit, but our last two GST refund claims have been held) but thanks to a very nice GST employee we are aware that we will be audited soon.

It is his opinion that we will have to pay retroactive GST on every sale we have ever made.... because we are obligated to charge GST on every sale and our client is obligated to fill out a form and claim a refund if they dont want to pay GST. It is also the GST employee's understanding that this new crackdown is only a money grab by Rev Can... and that many of us have been misled by previously vague GST reg's regarding internet biz...

Now, go back to bashing each other and braggin about how big your dicks are :)

in 49's translation - hahaha. you tried to fuck ccra, and now you're paying the piper.

49thParallel 12-04-2002 11:40 PM

Quote:

Originally posted by quiet


in 49's translation - hahaha. you tried to fuck ccra, and now you're paying the piper.

No, read his post...his clients are American...
You, on the other hand were not charging Canadians...

Big, big difference....

Oh, you make my head hurt....

SleazyDream 12-04-2002 11:41 PM

Quote:

Originally posted by 49thParallel


So pick a side for god's sake..which is it...is it bad to be young or is it bad to be old...you guys are so confusing....

And, in case the adult biz doesn't pan out for you...please work on that spelling:

porfitably - WRONG
advise - WRONG

I've always agreed with quiet that you are a fool. I disagreed with him on one point, and it turned out to be a word that could be interpurated in two different ways. Don't even suggest for a second that I have or ever will defend you or take your side against him. I have a lot of respect for the stuff he does and how he runs his business - and we've never done any business together either.

49thParallel 12-04-2002 11:45 PM

Quote:

Originally posted by SleazyDream


I've always agreed with quiet that you are a fool. I disagreed with him on one point, and it turned out to be a word that could be interpurated in two different ways. Don't even suggest for a second that I have or ever will defend you or take your side against him. I have a lot of respect for the stuff he does and how he runs his business - and we've never done any business together either.

O.k. next point...before you respond...read the ENTIRE paragraph...in one post you or Quiet (I did say you guy(s)) make a comment to the point of being "young". The next time, the term "old" is used.....so this is what I meant...which one is it...is it bad to be young...is it bad to be old...you can't have it both ways...

And, yes, I am truly crushed that you wouldn't ever support me...our neighborhood needs a few more "white trash does good...to bad he aint got no educatchion" (mispelled for your benefit) types....

quiet 12-04-2002 11:46 PM

Quote:

Originally posted by 49thParallel


No, read his post...his clients are American...
You, on the other hand were not charging Canadians...

Big, big difference....

Oh, you make my head hurt....

uh no. 95% of our traffic is non-Canadian. and is easily switched to none.

anyway, tell us more about your successful, non-existent advertising company.

must have been a huge success to be buying (obviously illegal) 20,000+ images for 50 bucks.

lol.

quiet 12-04-2002 11:51 PM

all those years in advertising must have helped you make the very solid business decision to purchase 20K+ images for 50 bucks.

those same years must have also helped guide the girly crying, after you (shocker) only got 16K of them or whatever it was. lol.

you are so funny.

49thParallel 12-04-2002 11:52 PM

Quote:

Originally posted by quiet


uh no. 95% of our traffic is non-Canadian. and is easily switched to none.

anyway, tell us more about your successful, non-existent advertising company.

must have been a huge success to be buying (obviously illegal) 20,000+ images for 50 bucks.

lol.

And the 5% that are Canadian...you were charging them GST, right...of course you were...you were demonstrating your committement to adhering to CCRA laws...oh, what you weren't...only retroactively when they came to call...boy...that shines a different light on things, doesn't it.

Hmmm...seems to me that when GST first came out, there was maybe an article or 2 in the papers..you must have missed those...

But A+ on the business planning there, mate...

SleazyDream 12-04-2002 11:52 PM

Quote:

Originally posted by 49thParallel


O.k. next point...before you respond...read the ENTIRE paragraph...in one post you or Quiet (I did say you guy(s)) make a comment to the point of being "young". The next time, the term "old" is used.....so this is what I meant...which one is it...is it bad to be young...is it bad to be old...you can't have it both ways...

And, yes, I am truly crushed that you wouldn't ever support me...our neighborhood needs a few more "white trash does good...to bad he aint got no educatchion" (mispelled for your benefit) types....

we're both 30 if you must know (actually I think Quiet turns 30 this month) an age where one is both young and old!!!!

i figgured you lived in a white trash neighborhood - it was easy to tell by your posts.

quiet 12-04-2002 11:53 PM

Quote:

Originally posted by 49thParallel


And the 5% that are Canadian...you were charging them GST, right...of course you were...you were demonstrating your committement to adhering to CCRA laws...oh, what you weren't...only retroactively when they came to call...boy...that shines a different light on things, doesn't it.

Hmmm...seems to me that when GST first came out, there was maybe an article or 2 in the papers..you must have missed those...

But A+ on the business planning there, mate...

again, proving you have absolutely no grasp of the issues.

please, tell us again of your successful ad company. *snicker*.

SleazyDream 12-04-2002 11:56 PM

Quote:

Originally posted by 49thParallel


And the 5% that are Canadian...you were charging them GST, right...of course you were...you were demonstrating your committement to adhering to CCRA laws...oh, what you weren't...only retroactively when they came to call...boy...that shines a different light on things, doesn't it.

Hmmm...seems to me that when GST first came out, there was maybe an article or 2 in the papers..you must have missed those...

But A+ on the business planning there, mate...

Quiet, and pretty much every other Canadian paysite was told from professional advisros not to charge GST for several reasons.

a. In Quiet;s case he didn't hold the merchant account so technically it wasn't his client, and the merchant account was held by a US company.

b. his servers were outside of canada so technically no sale was made in canada.

c. The rules on GST at the time were merky but suggested to professional advisors not to charge GST in these circumstances.


just a few SMALL points, there are many others. DO they make ANY sense to you dumbdumb.

49thParallel 12-04-2002 11:58 PM

O.K...am I completely missing any of your valid points...yep, must be...and no Sleazy...we just like to let the white trash come in to help us feel superior...but, don't let that scare you off...

O.K. recap...Quiet...you didn't know enough to charge your Canadian customers GST...even though every one else in Canada had to...if you need more direction from me...just ask...I'm here for you brother...

quiet 12-04-2002 11:59 PM

but seriously 49. what is it like to be a failure your entire life?

what is it like, to have to make up stories about some non-existent advertising company that you *operate* (lol) in order to feel better about your failed attempts at success? do you clean the toliets there? make coffee?

and now being so fucking stupid, as to think paying 50 bucks for 20K+ images was some sort of deal.

hopeless in one business. hopeless in the next. nothing changes, does it 49?

:glugglug

quiet 12-05-2002 12:00 AM

Quote:

Originally posted by 49thParallel
O.K...am I completely missing any of your valid points...yep, must be...and no Sleazy...we just like to let the white trash come in to help us feel superior...but, don't let that scare you off...

O.K. recap...Quiet...you didn't know enough to charge your Canadian customers GST...even though every one else in Canada had to...if you need more direction from me...just ask...I'm here for you brother...

wrong. i pay gst for ALL my signups. and my gst payments are more money than you've ever seen. obviously.

failure is good. embrace it.

SleazyDream 12-05-2002 12:03 AM

Quote:

Originally posted by 49thParallel
O.K...am I completely missing any of your valid points...yep, must be...and no Sleazy...we just like to let the white trash come in to help us feel superior...but, don't let that scare you off...

O.K. recap...Quiet...you didn't know enough to charge your Canadian customers GST...even though every one else in Canada had to...if you need more direction from me...just ask...I'm here for you brother...

please name those canadian adult paysites sites 2 years ago that were charging their canadian customers GST?

49thParallel 12-05-2002 12:12 AM

Where, pray tell are you finding these stories about my apparent demise...Stick to the known facts..it makes for a more convincing argument...

O.K...this is my final point....at no time in my career would I have ever believed that GST was magically exempt on the internet...common sense dictates that there would be no reason for such an exemption.... and, I for one would not have accepted anything short of a written ruling from Revenue Canada stating that I was indeed exempt from charging GST...because, again, common sense and even more importantly business sense, would dictate that such an exemption would not be reasonable nor in line with other laws and statutes.
And when would a prepared businessman conduct the above research and ruling...before he ever hung up his shingle...

But, please continue with possible scenarios of my success or lack of same...that makes for such an "oh so powerful" debate.

L0stMind 12-05-2002 12:12 AM

Wow, normally I don't like to jump in on an argument...

BUT.

49 man. You are right and you are wrong. But mostly you are wrong.

Here is the issue. Most people went and paid for advice on the GST issue when it came out. From the sounds of it, quiet did exactly this.

The same advice was represented as truth by both GST and every tax advisor/accounting firm in Canada for many years - if you are running an internet based company and your sales are made thru a third party billing company you dont have to charge and pay GST because, quite simply the clients are not yours - they are the third party billing company's clients!

Now, GST changed the rules. Came back at everyone who had been previously following the old advice... and fucked them in a government cash grab.

How does this action by GST reflect on quiet's business acumen?

quiet 12-05-2002 12:15 AM

Quote:

Originally posted by L0stMind
Wow, normally I don't like to jump in on an argument...

BUT.

49 man. You are right and you are wrong. But mostly you are wrong.

Here is the issue. Most people went and paid for advice on the GST issue when it came out. From the sounds of it, quiet did exactly this.

The same advice was represented as truth by both GST and every tax advisor/accounting firm in Canada for many years - if you are running an internet based company and your sales are made thru a third party billing company you dont have to charge and pay GST because, quite simply the clients are not yours - they are the third party billing company's clients!

Now, GST changed the rules. Came back at everyone who had been previously following the old advice... and fucked them in a government cash grab.

How does this action by GST reflect on quiet's business acumen?

i agree. but how is he right at all? i have two tax lawyers (from different firms) working on this from the beginning. like i've already said, it doesn't matter what you do with your Canadian customers - they want gst ON IT ALL. and they will take it all.

L0stMind 12-05-2002 12:21 AM

Here is how I see 49 being right to a degree... because I am trying to look at it from his point of view...

He sees a canadian company believing they are exempt from GST simply because they are operating over the internet. He has seen you admit that you realise 5% of your sales are canadian. He immediately grabs on to the last straw he has to make an argument and ignores the rest of the facts... and just posts that you are an idiot for not paying GST on those 5% of your sales in the beginning.

Problem is, he glossed over the other relevant parts of this thread...

<edit - slightly drunk>

SleazyDream 12-05-2002 12:22 AM

Quote:

Originally posted by quiet


i agree. but how is he right at all? i have two tax lawyers (from different firms) working on this from the beginning. like i've already said, it doesn't matter what you do with your Canadian customers - they want gst ON IT ALL. and they will take it all.


looking at how they dealt with quiet;s case, there was no logic behind it other than just take take take. he was fucked over by them, and I REALLY hope he wins his appeal at the next level.

quiet 12-05-2002 12:25 AM

Quote:

Originally posted by 49thParallel
[B]Where, pray tell are you finding these stories about my apparent demise...Stick to the known facts..it makes for a more convincing argument...
the truth does sting, doesn't it?

Quote:

O.K...this is my final point.... blah blah
yes, you keep saying similar things to that affect. but you keep coming back to give more final points.

back to your successful ad company. any particular reason after coming from such a successful position, you'd be attempting to purchase (obviously illegal) 20K+ worth of images for 50 bucks?

and then cry when you found out it was a scam (lol)? no comment?

i know, it was all those successful years with your ad company that must have triggered such a smart move.

again, why are you trying to start anything in adult (obviously unsuccessfully) with 50 bucks - when you have that amazing ad company that you clean the toliets for?

L0stMind 12-05-2002 12:26 AM

I agree with you sleazy...

Lately our government has been making a mad cash grab and most canadians are just sitting back and taking it.

I know I am gonna fight any audit result that requires me to pay rev can more GST money. My clients are fully documented and I should be afforded the same rights as the guy in the office next to mine selling pc's to cali and not paying GST.

quiet 12-05-2002 12:27 AM

Quote:

Originally posted by L0stMind
Here is how I see 49 being right to a degree... because I am trying to look at it from his point of view...

He sees a canadian company believing they are exempt from GST simply because they are operating over the internet. He has seen you admit that you realise 5% of your sales are canadian. He immediately grabs on to the last straw he has to make an argument and ignores the rest of the facts... and just posts that you are an idiot for not paying GST on those 5% of your sales in the beginning.

Problem is, he glossed over the other relevant parts of this thread...

<edit - slightly drunk>

except that is not a straw to grasp. because both accountant and tax lawyers (and my ccra rep in Canada place) all said the company was zero rated. until we got audited.

no straw.

SleazyDream 12-05-2002 12:29 AM

Quote:

Originally posted by quiet



again, why are you trying to start anything in adult (obviously unsuccessfully) with 50 bucks - when you have that amazing ad company that you clean the toliets for?

hate to tell you this but my initial investment was less than $50, as many others that are sucessful. In the beginning I relied on making deals for content, hosting, and posting with my negoating skills and not my wallet, as this was just a hobby that became my career.

quiet 12-05-2002 12:32 AM

Quote:

Originally posted by SleazyDream


hate to tell you this but my initial investment was less than $50, as many others that are sucessful. In the beginning I relied on making deals for content, hosting, and posting with my negoating skills and not my wallet, as this was just a hobby that became my career.

and you attempted to purchase 20K+ pictures?

jesus. can you say 'stupid move'?

L0stMind 12-05-2002 12:35 AM

Ahh, quiet... as I said, he saw a straw and grasped.

In doing so, he glossed over all other pertinents posts in thread and formed his arguments (or, thats how I see it).

Thus, he believes he has a point whereas in reality he just is looking rather stupid.

I never tried to purchase 20K pics for $50 myself... I did try to purchase 20K pics back in the day for $15K tho... and then proceeded to take about 10 months to make my money back and get out of that project... :)

Brad Mitchell 12-05-2002 12:36 AM

Fun read.

I was inspired by Quiet's persistence in going back to the purchase of 20,000 images for 50 bucks. <lol>

So, on a unrelated note, I'd like to be persistent about something too. Sleazy and Quiet, you don't yet have SinTalk Phone Sex Lines...! that's just as silly as 49th thinking he was going to get 20,000 legit images for 50 bucks. Get some! :winkwink:

And, for what it's worth... GST aside... at least Canada is clear about their rulings on obscenity, nationwide, versus the US where there is no consensus from place to place. Here, there is an overwhelming feeling that we could go to jail for anything.

Cheers,

Brad

SleazyDream 12-05-2002 12:38 AM

Quote:

Originally posted by quiet


and you attempted to purchase 20K+ pictures?

jesus.

I did a deal with a content broker splitting revenue for use of his pics in the beginning. That was years ago - not many would do that today. well at least not the deal i did and had it worked out.

I remember the first time I went to paid hosting. a company offered me unlimited bandwidth for $100 - man was he sorry he met me. Half way though the month he said he couldn't do it for less than $500. I think he was hoping I'd go away, I sent him $500. The next month he said he couldn't continue for less than $1500 on a dedicated server, once again hoping I'd go away ,i sent him the money. halfway though the next month he said he couldn't do it for less than $3500, hoping I'd leave. I sent him the money. Halfway though that month the site started overloading again so i went to a company that charged me by how much bandwidth I used - it ended up being $8000 that month, I never looked back and grew and grew ever since. :)

CDSmith 12-05-2002 12:39 AM

Shit can you 3 ever go on for days yammering about "the premise" and shit.


Holy shit.


Now, can someone address my question regarding routing funds into an offshore bank? Having a foreign company pay you directly into a bank in the Caymens or Switzerland isn't illegal as far as I know. Is this being done on the hush-hush and you'd rather not talk about it? Or.........

I'd actually like to retire somewhere like the Caymens, or perhaps Tahiti.

So shaddaaap and talk about something productive, like ways of screwing the Canadian gov't out of a shitload of YOUR money.

L0stMind 12-05-2002 12:39 AM

Brad, dont get me wrong :)

I love Canada. Especially Vancouver. I am always so glad when I land back here... it's the mix of people we have here and the environment! It rocks.

Now, I do realise I pay half my income to keep this country going.. and I think that is a bit ridiculous... however, I am not giving it up yet! :)

Phone sex lines? hmm. Got any in Japanese?

L0stMind 12-05-2002 12:42 AM

Quote:

Originally posted by CDSmith
Shit can you 3 ever go on for days yammering about "the premise" and shit.


Holy shit.


Now, can someone address my question regarding routing funds into an offshore bank? Having a foreign company pay you directly into a bank in the Caymens or Switzerland isn't illegal as far as I know. Is this being done on the hush-hush and you'd rather not talk about it? Or.........

I'd actually like to retire somewhere like the Caymens, or perhaps Tahiti.

So shaddaaap and talk about something productive, like ways of screwing the Canadian gov't out of a shitload of YOUR money.

I wanna spend half the year in a place like Caymans or Dominican Rep or Trini myself. :)

As for the routing funds off shore... my knowledge is limited here... so no real input from me. Except to sy that rev can does have some smart people working there.. even if I think they are all fucks for workin there in the first place :P

quiet 12-05-2002 12:44 AM

Quote:

Originally posted by CDSmith
Shit can you 3 ever go on for days yammering about "the premise" and shit.


Holy shit.


Now, can someone address my question regarding routing funds into an offshore bank? Having a foreign company pay you directly into a bank in the Caymens or Switzerland isn't illegal as far as I know. Is this being done on the hush-hush and you'd rather not talk about it? Or.........

I'd actually like to retire somewhere like the Caymens, or perhaps Tahiti.

So shaddaaap and talk about something productive, like ways of screwing the Canadian gov't out of a shitload of YOUR money.

talk to a lawyer dude. most of those loop holes have been closed. i stay away from that sort of thing myself, but again - talk to a tax lawyer.

Jay_StandAhead 12-05-2002 12:44 AM

Quote:

Originally posted by CDSmith
Shit can you 3 ever go on for days yammering about "the premise" and shit.


Holy shit.


Now, can someone address my question regarding routing funds into an offshore bank? Having a foreign company pay you directly into a bank in the Caymens or Switzerland isn't illegal as far as I know. Is this being done on the hush-hush and you'd rather not talk about it? Or.........

I'd actually like to retire somewhere like the Caymens, or perhaps Tahiti.

So shaddaaap and talk about something productive, like ways of screwing the Canadian gov't out of a shitload of YOUR money.

You are basically suggesting that you would hide money from the gov.

It is illegal, and you could get caught.

However, there is a legal way to do it :)

SleazyDream 12-05-2002 12:49 AM

Quote:

Originally posted by quiet


talk to a lawyer dude. most of those loop holes have been closed. i stay away from that sort of thing myself, but again - talk to a tax lawyer.

my dad taught me something about working for myself a long time ago - PAY YOUR TAXES. It's why we live in a first world country and you have everything you have. It hurts like hell to pay em, but they have to be paid.

The GST thing is another issue though. I think that was total bullshit. In my mind I could see them retroactivily charging for the Canadian clients ( and noone would REALLY care about that), but billing on the US ones is against the whole idea of the GST act and just an illegial tax grab that will eventually loose in court but will end up costing Quiet an enormous amount of money and aggrivation.

GTS Mark 12-05-2002 12:53 AM

Thanks for an interesting read fellas.

DH

L0stMind 12-05-2002 01:05 AM

Hmmm. GST is just a big fucking tax grab to begin with.

Wasnt it supposed to be only temporary?

Fawk.

Dumb Canadians. Sooo trusting.

Japanese have 3% sales tax... and they complain about that!

quiet 12-05-2002 02:31 AM

49, where did you go? you were so much fun...

you are my new gfy hobby toy.

ronaldo 12-05-2002 11:51 AM

Well,

Sleazy had me a little worried about paying GST on my affiliate commissions so I made a call to Rev Canada this morning.

I spoke with Carly and asked her two questions. 1. Do I have to pay GST on money my sponsor pays me. 2. How can Revenue Canada backcharge GST collections past a definitive ruling date.

She took my name and number so she could call me back AFTER she had gone over the business memo. http://www.ccra-adrc.gc.ca/E/pub/gm/...-090-02-e.html

She called me back about an hour and a half later. Her answers were as follows.

1. If you collect money from a Canadian sponsor and earn over $30,000 you MAY be subject to a 7% GST charge, but you can also claim all your GST expenses. (I'm sure most of us already do)
If your sponsor resides outside of Canada, ANY AND ALL MONIES ARE TAXABLE, BUT AT A RATE OF 0%. (This made me breath a little easier)

2. "I'm not really an e-commerce expert, but my understanding is this has been an ongoing work in progress. As the online industry has grown, we've had to make adjustments and rulings on what is a service or a tangible or intangible product.

I haven't heard of anyone being charged-back GST for longer than the two year period" (which she claims is when a definitive ruling on this subject was made)

"If your associates have a problem, with paying beyond the two year mark, than they should most definetly appeal"

One of the problems I have with this is she stated that the definitive ruling was two years ago, although the memo SHE directed me to is dated July 2002.

Oh, well. Hopefully this has been somewhat helpful to someone. It was helpful to me. :winkwink:

SleazyDream 12-05-2002 12:56 PM

Quote:

Originally posted by ronaldo
Well,

Sleazy had me a little worried about paying GST on my affiliate commissions so I made a call to Rev Canada this morning.

1. If you collect money from a Canadian sponsor and earn over $30,000 you MAY be subject to a 7% GST charge, but you can also claim all your GST expenses.

this pretty much eliminates any chance of me using a canadian sponser via affiliate.


A lot of Canadians need to keep this in mind too.

L0stMind 12-05-2002 12:59 PM

Quote:

Originally posted by SleazyDream


this pretty much eliminates any chance of me using a canadian sponser via affiliate.


A lot of Canadians need to keep this in mind too.

I believe quiet put it best with the cement boots comment.

Our government is working against small business - nice, eh? heh

Jay_StandAhead 12-05-2002 01:04 PM

Quote:

Originally posted by ronaldo
Well,

Sleazy had me a little worried about paying GST on my affiliate commissions so I made a call to Rev Canada this morning.

I spoke with Carly and asked her two questions. 1. Do I have to pay GST on money my sponsor pays me. 2. How can Revenue Canada backcharge GST collections past a definitive ruling date.


Your question #1 could be interpreted differently.

Basically, you would have to charge GST to the sponsor, not pay GST from your payout. Your payout is taxable, because it is a service.

Unless you wanna take a 7% hit...

ronaldo 12-05-2002 01:11 PM

Quote:

Originally posted by Jay[neX]


Your question #1 could be interpreted differently.

Basically, you would have to charge GST to the sponsor, not pay GST from your payout. Your payout is taxable, because it is a service.

Unless you wanna take a 7% hit...

So you're saying if TripleXMedia sent me $50,000 last year, I should also send them a bill for $3500 to cover my GST?


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