Question for all the Canadians

[TheJCR]

why is it so cold?

Edited January 30, 2017 by TheJCR

[THS]

Not Canadian but paypal withdrawls to bank accounts are tax free income baby.

[Deceiver]

1) why would you want to purposely want to tax evade...

 

2) can you not google taxes and mortgages and land on a government website to learn about that? call your local city government?

[Krys]

1) why would you want to purposely want to tax evade...

 

2) can you not google taxes and mortgages and land on a government website to learn about that? call your local city government?

 

[TheJCR]

ok lelelel

Edited January 30, 2017 by TheJCR

[BusinessKoala]

You do realize you have to report that yourself... Right?

 

In America, if you get like $20K or have 200 transactions, PP tells the IRS

 

In Canada, it's an honor system so you have to report it yourself

Important to note that it's net profit that you report. If you, for example, spent $2k on bots/scripts etc, and made 20k, you wouldn't need to report it. I think, anyways (feel free to correct me.)

[TheJCR]

no idea

Edited January 30, 2017 by TheJCR

[BusinessKoala]

I don't know the system myself lol, that's why I'm asking others.

 

So you're saying that you would need to report 18k b/c 20k profit - 2k expenses.... But can you write off 100% of the expenses.... ???

As far as I understand. I'm not a tax expert nor an accountant. So I'm not going to deny anyone saying I'm wrong.

[TheJCR]

As far as I understand. I'm not a tax expert nor an accountant. So I'm not going to deny anyone saying I'm wrong.

 

You even Canadian?

[BusinessKoala]

You even Canadian?

No, I'm American. I was replying to your comment that stated, "In America, if you get like $20K or have 200 transactions, PP tells the IRS."

 

Not sure how that applies in Canada, but I would assume it's similar.

[THS]

You do realize you have to report that yourself... Right?

 

l0l fuck that. Certified simp if you do that, street pharmacists might aswell report their revenue aswell.

[TheJCR]

lol'd at THS

Edited January 30, 2017 by TheJCR