Quote:
Originally Posted by quebeccoquin
Hi everyone! Ive started my website last year and was barely making a penny...Now i am beginning to have more traffic and more money...So...I want to know : If i want to pay taxes on the money i am receiving throught paypal,how it is working? Did i have to buy a company name? And if yes,how much money it represent and can i put some of my hosting expenses on it?
I would like to have some feedback from peoples of Quebec!
Thank!
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Every time you deal with a Canadian webmaster or a Canadian client, you need to account for the sales taxes
I recommend that you incorporate a Canadian charter and I emphasize the word incorporate not enr. (you say you have tube sites...)
All your expenses are tax deductible including your hosting (Tip of the day: find a canadian hosting company if you can since the USD is up the roof)
You should hire an accountant and you send him the bank statements as well as paypal / paxum / payoneer on quarterly basis and he will take care of filing your taxes
How come we still haven't met ?
Best of luck !