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Thread: SP and Tax Returns

  1. #1
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    SP and Tax Returns

    This is the season in Canada.
    Any idea on SP and their tax returns (if any). How do they describe the source of their income; what kind of deductions are they entitled to.
    Any SP willing to contribute and any accountant ready to venture advices?
    lawless

  2. #2
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    I would tend to agree with you.
    But some may have a style of life beyond understanding!
    Probably never audited though!

  3. #3
    Je sais que certaines escortes déclarent leur revenu. J'en connais une entre autre qui se dit dans le "divertissement" et prétend offrir visites guidées de Montréal.

    Personnellement je ne sens pas jusqu'à maintenant le besoin de déclarer mes revenus puisque cet emploi n'est pas ma principale occupation. Je suis étudiante et j'ai aussi un autre emploi "légal" car je reçois une bourse d'étude et c'est nécessaire d'avoir un emploi pour être admissible à cette bourse.

    Mariane

  4. #4
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    Mariane
    Bourse d'études et emploi nécessaire.
    Ce doit être une bourse pour études spéciales.
    PM me to explain further.

    SL
    I was thinking about the high class ones.
    Fully agree with you for the others, majority of places have room for improvements! To say the least!!

  5. #5
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    SL
    I agree that cash is cash. But at one point, do you keep it in your socks and stay in a subsidized housing!
    If you live in a condo at Nuns Island or at the Sanctuaire or on Peel and drive a Merc. or a Z4 or a H2 and declare no revenue or that you are on welfare, any difference about cash being cash??
    What kind of revenue can a high end escort be generating?

  6. #6
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    I can only speak for myself. I declare an income. I am self employed as a personal care consultant.

    As this is a cash business I declare $29,000 per year. At over $30,000 per year I would have to get tax numbers and charge GST and PST.

    Ronnie,
    Naughtylady
    They will forget what you said,
    they will forget what you did,
    but they will never forget the way you made them feel.

  7. #7
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    So, if my reading is accurate, only Ronnie is filing tax returns in this world; quite interresting.
    Maybe Ronnie should reconsider, although she is building up her old age return (rentes du Québec).

  8. #8
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    Yes and I am also trying to repair my credit rating as it was badly destroyed during my separation. Also this way I will one day re-earn the right to borrow money and get back into debt. Hopefully on a mortgage.

    Ronnie
    They will forget what you said,
    they will forget what you did,
    but they will never forget the way you made them feel.

  9. #9
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    Smile

    Last edited by Sophia; 04-07-2004 at 10:24 PM.

  10. #10
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    Sophia,

    There are many opinions on the benefits of a corporation, but considering the additional cost versus being self employed and taking deductions at your own level, the marging might be thin. Unless your income is well over 100,000$ and you get all your bookeeping from a trusted client or friend who is an accountant (I would go for a friend), the value of incorporating may not be that great.
    Mind you, you may qualify for some kinf of a tax holliday (5 years) (an accountant could further advise)
    Have a nice time

  11. #11
    When sexy gets nasty ;-)
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    Last edited by Sophia; 04-07-2004 at 10:25 PM.

  12. #12
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    Sophia,

    Please to hear it works great for you.

    Hope your tax planner is an accountant (CA) and not a notary trying to become a man!!!!
    I don't like them!!! Nothing I can do about it!!!!

    Have a nice time

    lawless

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