- The Threshold: You must register for and begin collecting/remitting GST/HST on your sales as soon as your worldwide, taxable business revenues exceed $30,000 in a single calendar quarter or over four consecutive calendar quarters.
- The Deadline: You stop being a "small supplier" on the day you exceed the threshold. You must start charging GST/HST no later than the day you make the supply that pushed you over the limit, and formally register with the CRA within 29 days.
- Sole Proprietorships / Partnerships: Business income is claimed on your personal tax return (T1). Taxes are due on April 30 of the following year.
- Corporations (T2): Any incorporated business must file a T2 return within six months after its fiscal year-end, regardless of revenue. Any outstanding taxes owed are generally due within two to three months of the fiscal year-end.
We all have to file taxes, we all have to prove income, to be fair...and safe.
Just because security, justice and politicians gave illegal activity a pass, charged women yet it's the act of paying that's illegal, does not legally exempt people from paying taxes...
We need to crack down on crime by collecting taxes...
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The Deadline:Â You stop being a "small supplier" on the day you exceed the threshold. You must start charging GST/HST no later than the day you make the supply that pushed you over the limit, and formally register with the CRA within 29 days.
2. Income Tax
Sole Proprietorships / Partnerships: Business income is claimed on your personal tax return (T1). Taxes are due on April 30 of the following year.
- File Form T2125: Report earnings as a Statement of Business or Professional Activities.
- Use Industry NAICS Codes: The CRA tracks professions using generalized industry codes. Escorts and various personal service providers typically file using CRA Industry Code 812900 (Other Personal Services).
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Pay GST/HST: If an independent sex worker’s taxable revenue exceeds $30,000 in a calendar year, they are legally required to register for a GST/HST account and collect sales tax from clients.
TaxPage.com
3. "Demand Noted by Incomes" -
- the CRA actively uses a Special Enforcement Program to audit individuals whose reported income does not match their visible lifestyle or net worth. If someone fails to report their income, the CRA will use banking records, asset purchases, and net-worth assessments to calculate the tax owed and issue penalties. Failing to report this income is legally classified as tax evasion, which carries severe criminal penalties entirely separate from any underlying criminal enterprises
Pay your taxes, stop feeding the corruption in the legal, justice and political forces that use the average Joe or John to create a system of distrust and illegal operations they claim they can arrest people for.
They can only arrest you for not paying taxes.