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.
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.
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