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Canada Mandates Reporting Income Earned from Websites

The Canadian government introduced a new Schedule to seek information on income from Internet Business Activities, as a part of the Corporation Income Tax Return.

 
PRLog - Jan. 22, 2014 - SUNNYVALE, Calif. -- The Canadian government introduced a new Schedule to seek information on income from Internet Business Activities, as a part of the Corporation Income Tax Return making it mandatory for companies to report and notify any income or revenue earned through Internet business activities (webpages or websites), says Nair & Co. which provides international expansion services (http://www.nair-co.com/) for companies setting up foreign operations.

The new Schedule is:

*  Effective from taxable years 2013 & onwards.

*  Required for income-earned online (webpages or website).

*  Also applicable to income generated through web-based presence including a profile or pages where business is represented through auctions, blogs, directories, portals, etc.

For more information about doing business overseas (http://www.nair-co.com/expanding-business-overseas.aspx) or to know more about our International Accounting Services (http://www.nair-co.com/international-tax-compliance-servi...) team please contact us (http://www.nair-co.com/global-offices.aspx).

Subscribe (http://www.nair-co.com/subscribe.aspx) to regular global tax compliance alerts from Nair & Co.

Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair-co.com/newsandannoucement.aspx).

About Nair & Co.


Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com (http://www.nair-co.com/)

Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

Contact
Yvonne Smith
408 501 8867
***@nairusa.com

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Contact Email:
***@nairusa.com
Source:Nair & Co.
City/Town:Sunnyvale - California - United States
Industry:Business
Tags:income tax, Reporting Income, Income Earned, canadian government, websites
Shortcut:prlog.org/12271548
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