I will be transfering amounts of US$20,000 every month to my supplier, Can I do this w/o having a company registered under my name. Am I allowed to wire money every week to US account with the intention of showing my profit during tax time. What i want to know is if I am allowed to send and receive money from different parts of the world eventough I dont have a business setup. I do want to show my earnings during tax time and i dont mind paying taxes. Thats why i am concerned and want to do this the proper legit way
I have found a supplier and want to sell on ebay and also want to sell in wholesale. My supplier will dropship the items for me. But every now and then I would be making a wiretransfer of USD$10,000 to their bank account in US for my dropship business. Am I allowed to wire transfer money to US w/o any problem. DO i have to notify Revenue Canada before i do the wire transfer. Would they check the money going to US. I have heard when you TT over $8000US then only theycheck
well, the name you use to make purchases and settle transactions should be you or your business. It doesn’t really matter what you call yourself to the customer so long as you are accssessible. The point is, if you are liable for sales taxes or anything like that, it will have to be in a valid name with a tax ID number.
January 17, 2010
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well, the name you use to make purchases and settle transactions should be you or your business. It doesn’t really matter what you call yourself to the customer so long as you are accssessible. The point is, if you are liable for sales taxes or anything like that, it will have to be in a valid name with a tax ID number.
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