Quote:
Originally posted by CoolE
It's really very simple... you take all your revenue you made from online porn, subtract all the expenses you incurred in making that revenue, and the difference is the income you made.
|
Not that simple. There's a whole bunch of other things that can and can't be included. For example you can write off 50% of meal and entertainment expenses.
Also when buying computers or software you can write off the appropriate CCA rate each year.
It's different for US but if you need help with Canadian taxes, let me know.
ICQ 34763846