Quote:
Originally Posted by Elli
I've just been asked to remit the last 4 years of GST on my Canadian customers for my paysite. Basically it's up to me to prove how many were Cdn and pay the appropriate tax. It doesn't add up to that much, thank goodness. I think it's better to just keep a little reserve fund than to ask Canadian customers to jump through extra hoops. Call it the cost of doing business, I guess. *shrug*
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When I was taking the H & R block tax course, we are suppose to file all income, and claim GST if your self employed even if its from an internet business such as ours.
the best thing is to put away some money every month just for tax purposes and if you do not owe anything it ends up being a great savings account.