Correct me if I am wrong.

[maxx50]

In the resent artical in BC business .. they mentioned what an Escort could make per year( Not necessarily what the SP in the artical was making.

But her is my take on the money's given to a person.. and I say given as a gift.. And that is what I say it is .. It is an undisclosed amount in an envelop freely given to a friend or acquaintance .. prior to receiving any serves and with no.expectation of . I receive no bill or reseit and I can't write it off my income tax.
So in none of this money needs to be declared as income.
As long as the person is not receiving , social assistances ,or UIC it does not have to be declared in any manner.. I gave this money to the person , and that is my story..
Aside from wanting to fill a tax return each year showing an income so that you can get credit or a load... the money that we give an SP can be tax free.

And even if by chance revenue Canada.. does find people that say they payed this escort or that escort for service of a certain nature.. There are few that would do that ,and with out a reciet or witnesses .. it is there word against yours.. It can not be proven .
An add advertising services for pay . does not in itself prove that you have ever received any money for supplying those services . If you do want to write off expenses then you have to declare some type of income.. But you can not really provide any information as to where it comes from because you have not records off it happening.
Of course taking any of this money and investing it where there is a return then you have to pay tax on it.

 

[uncleg]

Huh ?

Just what is your point, question or ????

 

[Aeiyah]

It would be next to impossible for Canada Revenue Agency to prove how much a self-employed individual makes. But they do have guidelines on how much they expect an individual to be making based on where they life, the type of assets they own, and the lifestyle. If you're living in a $3,000 per month apartment in d/t Vancouver, don't own any assets, you pretty much need to be reporting that you make enough income to pay for that $3,000 per month apartment. If not, there's a good change that CRA will get you for under-reporting your income. Most of the people that get caught up in prostitution related stings usually do so for 2 reasons, one if them is tax evasion.

 

[MissJasmine]

There is a line for "gifts" on the income tax return and if that gift is a large amount of cash, it is definetly reportable. If the sp owns property beyond what she reports she could get in trouble.

Anyone self employed with income over $30 000/year (only 2500/m) gross requires to file gst. I believe the advange of an sp reporting income using the "gift" line versus "business income" would be avoiding filing gst returns, which can be a pain.

Maybe there is a someone experienced in this field? I could use some accounting help myself

 

[Validator]

I think one has to realize that the taxman has seen all this before and they know exactly what to do get their piece of the pie. To the taxman, its the 'small guys' that matter moreso than the big corporations because, collectively the dollars that make up the 'small guys' outweigh that of any incorpotated business. Do u really think that you'd be the first to declare income as a gift? These people follow you, look at how you live, standard of living-everything! If u keep money in a bank, the interest is reported to the gov't by law...same goes with accountants and can be used against you to prove that its significantly more than a gift and should be considered income. Its a dangerous game and penalty is not light - they take this stuff really seriously. Punishment is not just paying back amount owed but incredible fines and jail sentences - in order to make u as another example of what happens as a result of tax evasion. So ya, if ur income is nil, but u live in dt apartment taking vacation, with lots of savings, they see this and they've seen it before and know how to proceed to get ur money back.

 

[MissJasmine]

I think one has to realize that the taxman has seen all this before and they know exactly what to do get their piece of the pie. To the taxman, its the 'small guys' that matter moreso than the big corporations because, collectively the dollars that make up the 'small guys' outweigh that of any incorpotated business. Do u really think that you'd be the first to declare income as a gift? These people follow you, look at how you live, standard of living-everything! If u keep money in a bank, the interest is reported to the gov't by law...same goes with accountants and can be used against you to prove that its significantly more than a gift and should be considered income. Its a dangerous game and penalty is not light - they take this stuff really seriously. Punishment is not just paying back amount owed but incredible fines and jail sentences - in order to make u as another example of what happens as a result of tax evasion. So ya, if ur income is nil, but u live in dt apartment taking vacation, with lots of savings, they see this and they've seen it before and know how to proceed to get ur money back.

Very true. Maxx commented earlier about an sps "donation" being a gift. I never said I agreed with his statement, and I do think it would look a tad odd if you are living large, only accepting "gifts" with no income!

I mention gifts because they are obviously on the form for a reason, never said declaring gifts was a means of tax evasion. As far as I know if you receive money in any form (even as a gift) it is taxable.

 

[wilde]

The weapon that the CRA uses against people in cash business is called the "net worth" assessment. In a nutshell, they attempt to estimate how much you are spending/accumulating, and send out an assessment accordingly. It is a rude awakening for most of the people audited this way.

.

 

[maxx50]

The last i looked

I am allowed to give my money to who ever I want . with out expecting any services And this happens very often with escorts .. they have a good friend that pays for many things.... In fact i have give a few friend s that i cared for thousands of dollars .. and i mean give , I never expected it back.. That is real that is true , so whee does that fall in the reporting it as income .. it was not payed to them for any other reason to help pay for bills rent and food. And I did not take any deduction for it. and payed the tax on my income. Of course some of this money was barrowed so it was none of RC business any way.
I am sure RC can do a lot of things collect what they think you should be paying .. but they still must prove int on paper If there is no paper trail like bank accounts and accumulative assets I would like to see RC go to court and tell the judge .. that they are going to prove that this person fucked more then she is willing to admit to us. I still think fucking is a chose we have and protected by the constitution
I know i am a little out there on this one.. But think about it . yes if you live like you are making 100 k a year .. they will b able to prove it.. but if you don;t they can't not with escorting assuming maybe grounds to investigate .. but evidence is still needed in court .Big hassal of course... let the accountant deal with it.
Here is another interjection .What about gambling.. If you do constantly go to the casino.. and seem like you are winning.. a few hundred all the time .. that is not taxable and there is no record of it.. but you still could take out a few thousand a month.. i have seen it done. Just an other thought.. on undeclaired income.

 

[trackstar]

I always did like Maxx!

I am allowed to give my money to who ever I want . with out expecting any services And this happens very often with escorts .. they have a good friend that pays for many things.... In fact i have give a few friend s that i cared for thousands of dollars .. and i mean give , I never expected it back.. That is real that is true , so whee does that fall in the reporting it as income .. it was not payed to them for any other reason to help pay for bills rent and food. And I did not take any deduction for it. and payed the tax on my income. Of course some of this money was barrowed so it was none of RC business any way.
I am sure RC can do a lot of things collect what they think you should be paying .. but they still must prove int on paper If there is no paper trail like bank accounts and accumulative assets I would like to see RC go to court and tell the judge .. that they are going to prove that this person fucked more then she is willing to admit to us. I still think fucking is a chose we have and protected by the constitution
I know i am a little out there on this one.. But think about it . yes if you live like you are making 100 k a year .. they will b able to prove it.. but if you don;t they can't not with escorting assuming maybe grounds to investigate .. but evidence is still needed in court .Big hassal of course... let the accountant deal with it.
Here is another interjection .What about gambling.. If you do constantly go to the casino.. and seem like you are winning.. a few hundred all the time .. that is not taxable and there is no record of it.. but you still could take out a few thousand a month.. i have seen it done. Just an other thought.. on undeclaired income.

You're right my friend! You have the right to give as much as you want to your friends, pal! Who would stop you from being that generous, amigo? I encourage you to continue that generosity my brother!

 

[spinynorman]

Don't worry. With the oncoming collapse of our global financial system, you'll soon be able to pay RevCan with wampum or blocks of sea salt.

 

[MissJasmine]

There are in fact a LOT of grey areas. How does an sp declare "tips" or online money transfers for which services were never rendered? and what if a 9-5 librarian was a "sugar baby" with a couple of guys each giving substantial monthly allowances for years on end??

She wouldnt be commiting a crime by accepting the funds, but she would have to decide how to declare the money at some point, if she were to capitalize on it.

 

[Purrr VertIcal]

OoooH! I'm in with Nina on that one! And with vid clips that's like a bdsm Tease and Denial Scene! Arrrrgh!

Stills aren't the same, but here's a couple to make a Gallery!

I want to see Nina in that outfit! Rubber is sooo seXxXy!
(And like the name says, it's true, so is she!)
And the sound of a zipper...

Gotta go, my mouth is watering,
and my hands have better things to do than typing!!!

 

[trackstar]

Nina, this chick ain't got nothin' on you sexy

 

[Purrr VertIcal]

Oops, missed one intended for here.

 

[Purrr VertIcal]

Biotch!

(Now was the above meant as an erroneous writing of 'Bio -Tech?')

Enjoy!
I'm drooling with envy!

 

[Lady Companion]

I'm pretty sure there is no 'gift tax' in Canada

I beieve it was abolished in the 70's. That is for gifts given within Canada. There is an 'overseas' cap - US included, which I believe is 12,000 now. Another interesting bit is that a gift tax is paid by the giver, not the receiver.

However, don't be misead. Accepting money for services/time or anything is not a 'gift'. Vancouver escorts, can and do pay taxes, just as any other business would. Being a 'sugar baby' may be an exception, but keep in mind, if CRA decides to come after you, you are the one that needs to prove otherwise. Having one gentemen fill in the forms to prove he is taking care of you is one thing. Having a dozen do so looks like a business. If it quacks like a duck.....

 

[SeekSteadyRegSP]

In the resent (Wrong - recent)

artical (Wrong - article)

in BC business .. they mentioned what an Escort could make per year( Not necessarily what the SP in the artical (Wrong, still article)

was making.

But her (wrong, here)

is my take on the money's (wrong, monies)

given to a person.. and I say given as a gift.. And that is what I say it is .. It is an undisclosed amount in an envelop (wrong, envelope)

freely given to a friend or acquaintance .. prior to receiving any serves and with no.expectation of . I receive no bill or reseit (Wrong, receipt)

and I can't write it off my income tax.
So in (wrong, usage error)

none of this money needs to be declared as income.
As long as the person is not receiving , social assistances ,or UIC it does not have to be declared in any manner.. I gave this money to the person , and that is my story..
Aside from wanting to fill (wrong, fill OUT)

a tax return each year showing an income so that you can get credit or a load... the money that we give an SP can be tax free.

(er wait, are you trying to "fill" a tax return with your load???)



And even if by chance revenue (wrong, Revenue)

Canada.. does find people that say they payed (wrong, paid)

this escort or that escort for service of a certain nature.. There are few that would do that ,and with out a reciet (wrong, receipt)

or witnesses .. it is there (wrong, their)

word against yours.. It can not be proven .


An add (wrong, ad)

advertising services for pay . does not in itself prove that you have ever received any money for supplying those services . If you do want to write off expenses then you have to declare some type of income.. But you can not really provide any information as to where it comes from because you have not (wrong, no)

records off it happening.
Of course taking any of this money and investing it where there is a return then you have to pay tax on it. (wrong, incomplete sentence, and/or wrong usage)

Consider yourself corrected...

Thanks for the challenge!