@TalbotAssociates Hi. No, not on W-8BEN form, but I am asking about ,that separate column of Canadian tax info(like we did US tax info) . That Canadian tax info , do I need to fill ?
Hi, the GST number is not the same as your SIN. Businesses with over $30,000 of taxable sales need to register for GST/HST, collect GST/HST on their taxable sales and remit this GST/HST to the government. There are many ways to register for a GST/HST, this is detailed on the following website - www.canada.ca/en/revenue-agency/services/tax/businesses/topics/registering-your-business/register.html
@@CanadianAccountants got it thanks! I just needed it to register for the tax form in Canada even though I’m not anywhere near making 30k a year yet. The USA form was a lot easier to fill out.
Hello, on behalf of my son who is 17 years old, I received from Google Form 1042-S. Because he is minor, his AdSense is under my name. He was compensated by Google for under $150.00 Canadian. My question is do we still need to fill out the form? Thank you in advance.
Hi Christopher, He should be filing out the form regardless of age or amount to ensure there are no extra taxes withheld above what should have been withheld.
I’m not sure I understand your question, they will only ever take 30% of your income so if your income decreases they will only take 30% of that income.
So does can ren still tax and require the gst% to be paid by registered sole proprietor.. from the remaining earnings already taxed by the internal rev. Suppose same ? For individuals But mainly I wonder if non registered self employed hit a double jeopardy by declaring foreign income. Tad confused.. but not lost yet lol
Hi Salvation, I’m not 100% sure I am following your question however there shouldn’t be a ‘double jeopardy situation. Don’t hesitate to call our office at 1-204-269-7460 if you would like to discuss in more detail.
Hello, Do you know if Canadian creator can link Canadian US dollar bank acc. to google adsense ? Also how does youtube transfer money to creator bank acc. like etrans or wire trans. My bank charge 17$/wire transfer, for etrans 0$ . Is there any recommendation? Thank you🙏
Hi. I’m not 100% sure however our Google AdSense only allows us to use Canadian accounts that are in Canadian currency. It also doesn’t have any fees associated with the deposits.
@@CanadianAccountants So If I have Canadian US dollar account youtube dont pay in this account? This account open with Canadian bank though. So I ask my bank they said for wire transfer from the USA there is 17$ fee per transaction. So your bank did not charge you?
Hi, These slips would be for the US entities so I can’t confirm if it would increase the likelihood of CRA catching the unreported income however all income earned should be reported on your personal tax return regardless of whether or not a slip was issued for it. If you are needing help with how to best report the income and related expenses we would be happy to help.
Thanks for the video. I messed up on my forms and was getting nailed 30%. Didn't realize that I should've checked off the Treaty option. Now I know the correct way to fill them out so will resubmit.
Hi! If you are referring to the deadline to file the W8 or equivalent form, there is no deadline. They will just continue withholding 30% until you file the form(s)
Est ceque tu peux nous aider en nous donnant ces informations en francais? Comment on peut trouver ce numero service international de revenu. J habite au quebec
Hi Emily - These forms are really only for the US. The only Canadian tax implication will be if they withhold some amount and you want to claim it as a foreign tax credit on your Canadian return.
Hi. Thanks for this video. I already filled out my W-8BEN since last year. Last week, I received a 1042-S form (a copy of my income tax return). Do I need to include this when filing an Income Tax return here in Canada? Thanks in advance
Hi. The 1042-S should be reporting your US sourced income as well as taxes withheld (if any). Since you need to report your worldwide income on your Canadian return you need to ensure this income is included. Taxes withheld can also be claimed on the return if applicable (Up to the maximum withholding tax per the tax treaty).
Hey Daniel, great info. i am living in Canada and a PR holder. Is there a difference on payment or How USA tax depending on Citizenship. Also i have a GST/HST number and how to report my revenue to CRA. I mean is there T4 SOMETHING. ? thankyou
There is no difference whether you are a Canadian citizen or simply a permanent resident as Canada treats them both as the same for tax purposes. You will need to report your income earned as self-employed income on your return and you may receive a 1042-S reporting your US income earned.
Hello. We would be happy to help you out. You can reach Daniel directly at Daniel.piche@talbotcpa.ca or by calling 1.204.269.7460. Et non, nous ne somme pas Québécois, mais Franco-Manitobain donc nous parlons anglais et français.
I just got an email from UA-cam saying: "To comply with local laws in Canada, starting Jul 1, 2021, we will begin adding GST/HST to all transactions unless you provide your GST/HST Registration Number in Canada." What are the tax implications if I provide a GST number?
Hi Albert, this may require a more detailed discussion. If you want to e-mail me directly at daniel.piche@talbotcpa.ca or call me at +1 204.269.7460 I would be happy to discuss with you.
Hey Daniel, Thanks a lot for this great information. One of the things concerning me is the 10% claim on the Motion picture and TV WHT rate in the Tax info section. What is that about and is it possible to claim lesser on that. I would love to listen to your thoughts on that. Thanks..!
Hi! When you fill out the forms directly in UA-cam there are typically three pre-set types of income that can apply (Services, Motion picture & TV Royalties & Other Copyright Royalties). The CA/US treaty only allows for a 0% withholding tax on Services and Other Copyright Royalties whereas the minimum withholding rate for Motion Picture & TV Royalties is 10%. I recommend you fill out the forms for all three types of income as they might all be applicable. If UA-cam then deems part of your income to be MP&TV royalties then they will withhold 10% and send it directly to the IRS on your behalf. There is no way to avoid this if you earn this type of income however you will be able to claim this as a foreign tax credit on your Canadian tax return at the end of the year. As such, it will help to reduce your Canadian taxes and will not have been lost.
Hi! I’m permanent resident in Alberta, I’m a small streamer in twitch and the last month I received my first pay ($100), and for sure I’m not going to receive payment every month because I’m small haha… my question is, what do I need to do? Do I need to do something right away or I need to wait until the date that all of us pay our taxes to pay what they ask? I have a part time job besides this hobby. I hope you can help me, thank you!
Hi Eny, You will first want to ensure your compliance documents are filled out so they don’t without taxes if this is coming from the US. Apart from that there is nothing else that needs to be done for now. You will just need to ensure you keep track of all revenues generated and related expenses as these should be claimed on your personal income tax return if you are operating this to make money (or if you are making a profit).
Hi Donny, If you don’t claim any treaty benefits they will withhold the 30% tax and you will not be able to recover this even if you don’t typically pay taxes due to being indigenous. If you don’t mind losing 30% of your revenues then there would be nothing else for you to do.
Great video! At one point you mention, that I need to give them my SIN or my BN (which I believe is your gst number, correct?) So if I have one of those, then should I put that down when it asks? Or my SIN?
Thank you for commenting on what info you need to add for the TIN (i.e., your SIN). Super helpful. Thank you! 💚
Hi. It's very informative. Thank you. My question is if I need to fill canadian tax info also (hst/gst) registration no.? I am a Canadian citizen .
Hi, You don’t need to include your GST/HST # on the W-8BEN form.
@TalbotAssociates Hi. No, not on W-8BEN form, but I am asking about ,that separate column of Canadian tax info(like we did US tax info) . That Canadian tax info , do I need to fill ?
@@angelsartstudio I would recommend you fill in the info requested as applicable.
@@CanadianAccountants I appreciate your help. Thank you so much.
thank you
How do I get a GST/HST number? Is this the same as a SIN?
Hi, the GST number is not the same as your SIN. Businesses with over $30,000 of taxable sales need to register for GST/HST, collect GST/HST on their taxable sales and remit this GST/HST to the government. There are many ways to register for a GST/HST, this is detailed on the following website - www.canada.ca/en/revenue-agency/services/tax/businesses/topics/registering-your-business/register.html
@@CanadianAccountants got it thanks! I just needed it to register for the tax form in Canada even though I’m not anywhere near making 30k a year yet. The USA form was a lot easier to fill out.
Hello, on behalf of my son who is 17 years old, I received from Google Form 1042-S. Because he is minor, his AdSense is under my name. He was compensated by Google for under $150.00 Canadian. My question is do we still need to fill out the form? Thank you in advance.
Hi Christopher,
He should be filing out the form regardless of age or amount to ensure there are no extra taxes withheld above what should have been withheld.
@@CanadianAccountants Thank you.
Hello, thanks for answering my phone call. As I fill out the form, it is asking for a Foreign TIN. Is that the SIN#?, is it safe to provide that?
Hi Chris, Yes, your foreign TIN would be your SIN and it is safe to provide them with this. Regards,
Hi Christopher Soliman, until now I didn’t fill out my tax for Adsense because I’m so confused if I will put SIN # is it safe? Thanks in advance
@@elizdedace Hi Eliz. I did not provide any SIN#.
Please answer my question what if they take 30% and then my money goes under the thresh-hold do i still get paid
I’m not sure I understand your question, they will only ever take 30% of your income so if your income decreases they will only take 30% of that income.
So does can ren still tax and require the gst% to be paid by registered sole proprietor.. from the remaining earnings already taxed by the internal rev.
Suppose same ? For individuals
But mainly I wonder if non registered self employed hit a double jeopardy by declaring foreign income.
Tad confused.. but not lost yet lol
Hi Salvation, I’m not 100% sure I am following your question however there shouldn’t be a ‘double jeopardy situation. Don’t hesitate to call our office at 1-204-269-7460 if you would like to discuss in more detail.
Good thing Canada has a tax treaty with the u.s.
I'm only paying 10%!
How is it 10% in the video he said creator should be 0?
@@VicsGarage71 For Canada it should be 0%, 10%, and 0% on the three separate categories.
Who has noticed that Google is asking the GST/ HST number.
How do I do that
Did you checked Adsense?
Hello, Do you know if Canadian creator can link Canadian US dollar bank acc. to google adsense ? Also how does youtube transfer money to creator bank acc. like etrans or wire trans. My bank charge 17$/wire transfer, for etrans 0$ . Is there any recommendation? Thank you🙏
Hi. I’m not 100% sure however our Google AdSense only allows us to use Canadian accounts that are in Canadian currency. It also doesn’t have any fees associated with the deposits.
@@CanadianAccountants So If I have Canadian US dollar account youtube dont pay in this account? This account open with Canadian bank though. So I ask my bank they said for wire transfer from the USA there is 17$ fee per transaction. So your bank did not charge you?
@@MustKnowStory We asked one of our YT clients and Google pays directly to his Canadian bank (scotia) and there are no extra charges applied.
@@CanadianAccountants Oh that really great. Thank for taking extra effort to find out this information.🙏💓
*_Thank you for your advice._*
So if they have may sin number and im not claiming this income on my canadain tax return will they now find out and will I have to start claiming it?
Hi, These slips would be for the US entities so I can’t confirm if it would increase the likelihood of CRA catching the unreported income however all income earned should be reported on your personal tax return regardless of whether or not a slip was issued for it. If you are needing help with how to best report the income and related expenses we would be happy to help.
I probably wouldn't publicly say you're committing tax evasion here on youtube lol
Thanks for the video. I messed up on my forms and was getting nailed 30%. Didn't realize that I should've checked off the Treaty option. Now I know the correct way to fill them out so will resubmit.
Your welcome! Don’t hesitate to reach out if you want to file a US return to recover those extra taxes withheld.
@@CanadianAccountants I need your help please.
Hi when is the dead line?
Hi! If you are referring to the deadline to file the W8 or equivalent form, there is no deadline. They will just continue withholding 30% until you file the form(s)
@@CanadianAccountants Got it. So everyone can file it asap? Thank for responding.
@@MustKnowStory That's correct.
Est ceque tu peux nous aider en nous donnant ces informations en francais?
Comment on peut trouver ce numero service international de revenu.
J habite au quebec
Will these forms affect me when i'm filing my taxes with Canada? or its just for the US on their end??
Hi Emily - These forms are really only for the US. The only Canadian tax implication will be if they withhold some amount and you want to claim it as a foreign tax credit on your Canadian return.
@@CanadianAccountants thank you for responding!
Hi. Thanks for this video. I already filled out my W-8BEN since last year. Last week, I received a 1042-S form (a copy of my income tax return). Do I need to include this when filing an Income Tax return here in Canada? Thanks in advance
Hi. The 1042-S should be reporting your US sourced income as well as taxes withheld (if any). Since you need to report your worldwide income on your Canadian return you need to ensure this income is included. Taxes withheld can also be claimed on the return if applicable (Up to the maximum withholding tax per the tax treaty).
just a dumb question, why would they withhold our income?
How do you fill out W-8BEN? Where do you find it and what do you do with it?
Hey Daniel, great info. i am living in Canada and a PR holder. Is there a difference on payment or How USA tax depending on Citizenship.
Also i have a GST/HST number and how to report my revenue to CRA. I mean is there T4 SOMETHING. ?
thankyou
There is no difference whether you are a Canadian citizen or simply a permanent resident as Canada treats them both as the same for tax purposes. You will need to report your income earned as self-employed income on your return and you may receive a 1042-S reporting your US income earned.
Hey can you help me out please ? I just got this in my Email ! Etes vous Quebecois ?
Hello. We would be happy to help you out. You can reach Daniel directly at Daniel.piche@talbotcpa.ca or by calling 1.204.269.7460. Et non, nous ne somme pas Québécois, mais Franco-Manitobain donc nous parlons anglais et français.
I just got an email from UA-cam saying: "To comply with local laws in Canada, starting Jul 1, 2021, we will begin adding GST/HST to all transactions unless you provide your GST/HST Registration Number in Canada."
What are the tax implications if I provide a GST number?
Hi Albert, this may require a more detailed discussion. If you want to e-mail me directly at daniel.piche@talbotcpa.ca or call me at +1 204.269.7460 I would be happy to discuss with you.
Did you get the answers you wanted?
Thank you!
You're welcome!
Thanks for your information 🙂👍
Hey Daniel, Thanks a lot for this great information. One of the things concerning me is the 10% claim on the Motion picture and TV WHT rate in the Tax info section. What is that about and is it possible to claim lesser on that. I would love to listen to your thoughts on that. Thanks..!
Hi! When you fill out the forms directly in UA-cam there are typically three pre-set types of income that can apply (Services, Motion picture & TV Royalties & Other Copyright Royalties). The CA/US treaty only allows for a 0% withholding tax on Services and Other Copyright Royalties whereas the minimum withholding rate for Motion Picture & TV Royalties is 10%. I recommend you fill out the forms for all three types of income as they might all be applicable. If UA-cam then deems part of your income to be MP&TV royalties then they will withhold 10% and send it directly to the IRS on your behalf. There is no way to avoid this if you earn this type of income however you will be able to claim this as a foreign tax credit on your Canadian tax return at the end of the year. As such, it will help to reduce your Canadian taxes and will not have been lost.
@@CanadianAccountants That makes sense. Thanks alot for the reply.
Thanks for the helpful video!
Hi! I’m permanent resident in Alberta, I’m a small streamer in twitch and the last month I received my first pay ($100), and for sure I’m not going to receive payment every month because I’m small haha… my question is, what do I need to do? Do I need to do something right away or I need to wait until the date that all of us pay our taxes to pay what they ask?
I have a part time job besides this hobby.
I hope you can help me, thank you!
Hi Eny, You will first want to ensure your compliance documents are filled out so they don’t without taxes if this is coming from the US. Apart from that there is nothing else that needs to be done for now. You will just need to ensure you keep track of all revenues generated and related expenses as these should be claimed on your personal income tax return if you are operating this to make money (or if you are making a profit).
@@CanadianAccountants thank you!
I am indigenous, I don't pay tax here, so who cares. I don't care if they take it of
Hi Donny, If you don’t claim any treaty benefits they will withhold the 30% tax and you will not be able to recover this even if you don’t typically pay taxes due to being indigenous. If you don’t mind losing 30% of your revenues then there would be nothing else for you to do.
Thank u For The tip
Excellent video
I thought Canadians couldn’t get paid for UA-cam videos
Canadian are able to get paid from UA-cam videos, we have many clients who do.
Great video! At one point you mention, that I need to give them my SIN or my BN (which I believe is your gst number, correct?) So if I have one of those, then should I put that down when it asks? Or my SIN?
Hi there,
“Yes, your GST number would be the same as your business number and can be used.”
Regards,