MoneyInvestorGroup.com
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| Canadian Tax |
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Hey all
I would like to know if anyone from Canada pay taxes on their online programs ? and if you do, do you declare it at the end of the tax year?
The reason i'm asking is because i'm currently involved if few online programs where i have made some money and i'm not sure if or how i should pay tax on it.
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Sun Jan 22, 2006 1:04 am |
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vethost.com
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Cash: $ 6.20
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Joined: 17 Feb 2006
Location: Virginia
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| Re: Canadian Tax |
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quote:
Originally posted by MoneyInvestorGroup.com
Hey all
I would like to know if anyone from Canada pay taxes on their online programs ? and if you do, do you declare it at the end of the tax year?
The reason i'm asking is because i'm currently involved if few online programs where i have made some money and i'm not sure if or how i should pay tax on it.
Do you live in Canada? If not, forget about it.
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Tue Feb 28, 2006 10:53 pm |
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vethost.com
Contributing Member
Cash: $ 6.20
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Location: Virginia
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quote:
Originally posted by coaster
You generally pay taxes to the country of which you're a citizen. If you're taxed in two countries, you need to check the tax laws. In some cases, you file in your country and get a deduction or credit for taxes paid in the other; in some cases you have to pay taxes to both. It's a pretty complicated issue. For US citizens, search the IRS website for their articles on "foreign income" and "foreign taxes"
For US citizens, that is true. Not so for Canadians however. They pay based on residency.
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Wed Mar 01, 2006 1:09 pm |
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vethost.com
Contributing Member
Cash: $ 6.20
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Joined: 17 Feb 2006
Location: Virginia
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quote:
Originally posted by coaster
I'm not sure, maybe you can clarify, but I think Canada might be one of those countries where a US citizen living in Canada would be assessed taxes in both countries. Shucks.....I used to know some people in that circumstance and I can't remember if they ever said anything about that. 
If a US citizen has residency in Canada, then Canada would tax them, but that tax would be offset by the US tax burden.
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Wed Mar 01, 2006 4:58 pm |
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