Quote:
Originally Posted by cutievids
I don't get it. When you goto Futureshop and buy a printer, the kid gets his comission does HE pay GST on your sale? No, he doesn't.
If you're an affiliate you pay income tax on what YOU bring in. I take my income under my own personal name. As an affiliate you do not have access to payment information from sponsors.
If you're taking the income as a corporation, you still only pay GST on the income you took in yourself, not what you generated for another company.
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No the kid doesn't pay it, but Futureshop does. If you sell memberships for Platinumbucks, they collect the GST in their membership fee and IF you request it, they should give it to you. Then you just hand the money over to the GST people. It shouldn't be any money out of your pocket. You're just an unpaid tax collector for Revenue Canada. Actually, in return for the annoyance, you do at least get the GST back on business expenses.
If you don't collect it then yes, you'd pay it out of your own pocket. Just like when FutureShop has "NO GST" days. They still have to pay the GST, they just pay it, for lack of a better term, "Out of their own pocket".