Hi mark, how a business works is this regardless if its youtube or ibm or amazon, you are considered a vendor, so you send an invoice to youtube, they then pay you based on how many people watched your silly videos. any time you get a payment a portion of that is gst, so they PAID you money which is amout plus gst = the total they paid you, you need to save those invoices and calculate how much of the money they gave you was gst, then you REMIT that gst back at the end of the year to the canada revenue agency.Mezzeric wrote: ↑Dec 8th, 2018 6:07 pmThank you all for your responses. Okay, to tell you the truth I earn 6 digits annually on YouTube alone.
My accountant nor me didn't open my GST account. CRA did. They just informed me that I need to have one.
I know I have to declare everything, I even have a business number. Though, my concern is all about GST.
GST is the stuff that you pay whenever you buy something. It's fixed 5%.
I'm currently talking to one Canadian YouTuber that does YouTube full-time. He said that he has a GST-free account because Google is an American company, they already take the tax and he doesn't sell stuff.
So, this is all confusing as to why I have a GST account and need to pay. How come other Canadian YouTubers are zero-rated?
GST does not always have to do with selling, its also getting paid from vendors.
by the way what is your youtube channel? no sense hiding, since you have made yourself a public figure already by being on youtube, you can not be a big youtuber and be anonymous now a days so we will eventually find out who you are so just tell us anyways its no big deal. you have no privacy when you put videos on youtube anyways