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Originally posted by directfiesta
That's right... and we can also pay for a hooker with Visa/Mc...
I used to do business with Internet Secure ( Nova Scotia Bank affiliate: after one year, they decided that our site was porn ( always was porn...) and cut us off on the spot.
pOOp , taxes are complicated. You will have about 20% deducted from your check. I keep it in a US bank and pay expenses with it ( hosting, content,...) to bring the income to the lowest point. You then get back when filing your taxes. Memberships are in my US corp. Video sales are in my Canadian Corp .
Take note that Revenue Canada considers that ALL membership should be subject to GST ( and provincial: they always piggyback) , so this is 15.5% ... ( so the 20% in the US is not that bad)...
You NEED an accountant to setup everything.
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Good info....Did the people who help set you up in Delaware set up your U.S. bank account, too?
This is fucked. %15 for processing, plus another %20 taken off for taxes. I have a decent accountant, this may be over his head, though.