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February 17th, 2005, 09:00 PM #1
How will canada revenue know how much you make
- Join Date
- February 14th, 2005
I was just wondering how can canada revenue know exactly how much you make in affiliate marketing? It's not like CJ, ClickBank, Google, and other companies are reporting your earnings, unless you live in the US.
So wouldn't it be possible to declare nothing on your tax forms and still get away with it? Because if they do decide to audit you, they wouldn't have a clue you were making money from affiliate marketing anyways, because there's no affiliate income record to compare with.
February 17th, 2005, 09:28 PM #2
- Join Date
- January 18th, 2005
- Southern hemisphere - away from Fukushima
There's only one thing that governments hate more than drug lords, terrorists and murderers - and that's tax evaders.
February 17th, 2005, 10:20 PM #3
Your bank will inform them what you have been paid.One day parasites and their ilk will be made illegal, I bet a few Lawyers will be pissed off when the day comes.
Mr. Spitzer is fetching it nearer
April 7th, 2006, 07:23 AM #4Don't mess with the IRS!
OK I know its Canada, but "Rev Can" doesn't rhyme with "don't mess" - anywho... I'm with everyone else - its not worth it to not declare income - find some meaningful expenses instead - you and your accountant will be far happier in the long run...
April 7th, 2006, 03:25 PM #5Originally Posted by Gordon
Especially if you're doing well with affiliate marketing.
However, I'm under the impression that most networks will require you to fill out some kind of form (w8 or w9 or something like that) to declare your income which is then made available to foreign governmental tax institutions. At least, that's what we do!Susan Arts
Senior Vice President, Marketing
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