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Taxes in Canada

Discussion in 'General Business' started by NetBastard, Feb 18, 2010.

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  1. #1
    What is the % of taxes you have to pay for your earnings online in Canada?
    For example, I make 10 grand a month from a website for 1 year, then I sell it for $100,000. How much of your earnings do you keep each month and of that 100k?
     
    NetBastard, Feb 18, 2010 IP
  2. Mike Inkster

    Mike Inkster Member

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    #2
    Check with you accountant if you have one. That way yuo know the correct answer.
     
    Mike Inkster, Feb 18, 2010 IP
  3. dlm

    dlm Peon

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    You file taxes at the end of the year.

    You add up all your income from internet activities and give it to your tax expert or enter it into the tax software you use. The average tax rate in Canada is usually between 20-30% depending on your income level.
     
    dlm, Feb 18, 2010 IP