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Topic: how come????  (Read 2348 times)

bacher_john

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how come????
« on: February 10, 2011, 03:05:14 am »
how come canadians can only make 600 dollars a year on this thing.. they should change it so that every one can get some money

animikokala

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Re: how come????
« Reply #1 on: February 10, 2011, 07:32:17 am »
That kinda sucks if it's true.  I know that United States residents have to pay federal income taxes after earning $400/year, but is there a law in Canada limiting online income?

BabyMamaBoutique

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Re: how come????
« Reply #2 on: February 10, 2011, 11:58:41 am »
Wow I had no idea.  That does suck.

Azanne07

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Re: how come????
« Reply #3 on: February 10, 2011, 01:47:41 pm »
well that sucks but I wish I could make 600 a  year on here.

Oryon20

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Re: how come????
« Reply #4 on: February 10, 2011, 09:23:36 pm »
As mentioned, it probably has to do with a Canadian tax law.  If I were to guess (and this is purely a guess), if FusionCash were to allow Canadian members to earn more than $600, they'd have a bunch of paperwork they'd have to do with the Canadian government for tax reasons.  By keeping it under $600, it allows Canadian users to make some extra money and use the site, yet allows FusionCash to keep the paperwork and expenses at a minimum for themselves.

Maybe the Admin will chime in at some point with a full explanation for you. :)

tnworm

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Re: how come????
« Reply #5 on: February 11, 2011, 02:52:39 am »
I have no idea why that is i was trying to get my friends to sign up and it says only for the usa but they said they were from canada i am a bit confused now

mynevaeh

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Re: how come????
« Reply #6 on: February 11, 2011, 07:43:27 am »
That kinda sucks if it's true.  I know that United States residents have to pay federal income taxes after earning $400/year, but is there a law in Canada limiting online income?

Really?  I thought it was under $600/ a year for americans... Can anyone tell me whether it is actually $400 or $600 a year before paying taxes please. ???

sdenimandlace1

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Re: how come????
« Reply #7 on: February 11, 2011, 08:01:59 am »
I also thought it was $600 dollars here in the states. will asjk when I get my taxes done.

workmama

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Re: how come????
« Reply #8 on: February 11, 2011, 09:01:49 am »
That kinda sucks if it's true.  I know that United States residents have to pay federal income taxes after earning $400/year, but is there a law in Canada limiting online income?

Really?  I thought it was under $600/ a year for americans... Can anyone tell me whether it is actually $400 or $600 a year before paying taxes please. ???

It's earning at least $600 or more on one website and then you have to report your earnings. I am sure. I just asked an accountant the other day.

oonamas

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Re: how come????
« Reply #9 on: February 11, 2011, 09:34:49 am »
I don't think there is a rule about Canadian earnings, but you might be talking about the fact that if you earn over $600 you have to report it on your income taxes. That's true for the US, I really have no idea how taxes work in Canada so I couldn't tell you about them.

lightningclix

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Re: how come????
« Reply #10 on: February 11, 2011, 09:37:04 am »
I don't think there is a rule about Canadian earnings, but you might be talking about the fact that if you earn over $600 you have to report it on your income taxes. That's true for the US, I really have no idea how taxes work in Canada so I couldn't tell you about them.

I thought that Canadians were not allowed to join?  A friend of mine tried to and couldn't  :dontknow:
~~ Nicole Acosta ~~ Proud to be a Work At Home Mom (:
...come find me and I will help you be one too!!


animikokala

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Re: how come????
« Reply #11 on: February 12, 2011, 04:55:25 am »
It's earning at least $600 or more on one website and then you have to report your earnings. I am sure. I just asked an accountant the other day.
[/quote]

If that's your accountant: fire them.  They need to read up.

Doing these sites fall under being self-employed; that's why FC is supposed to send a form to you once you've earned $400 in a single year.

"You are self-employed if you operate a trade, business or profession, either by ­yourself or as a partner. You report your earnings for Social Security when you file your federal income tax return. If your net earnings are $400 or more in a year, you must report your earnings on Schedule SE in addition to the other tax forms you must file."
http://www.ssa.gov/pubs/10022.html

Cuppycake

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Re: how come????
« Reply #12 on: February 15, 2011, 10:00:40 am »
I don't think there is a rule about Canadian earnings, but you might be talking about the fact that if you earn over $600 you have to report it on your income taxes. That's true for the US, I really have no idea how taxes work in Canada so I couldn't tell you about them.

I thought that Canadians were not allowed to join?  A friend of mine tried to and couldn't  :dontknow:
I was thinking the same thing. I thought it was a US only site.

Administrator

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Re: how come????
« Reply #13 on: February 15, 2011, 10:14:50 am »
FC opened up to Canada in October.  The site is a bit different for them: no PTC, no daily email, and a different selection of offers.  Also, there is the $600/year cap on redeemed earnings for Canadian members.  As mentioned, it's to minimize the tax related paperwork on our end.

monnee

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Re: how come????
« Reply #14 on: February 15, 2011, 10:44:06 am »
FC opened up to Canada in October.  The site is a bit different for them: no PTC, no daily email, and a different selection of offers.  Also, there is the $600/year cap on redeemed earnings for Canadian members.  As mentioned, it's to minimize the tax related paperwork on our end.

Admin:  ???  What is the cap on redeemed earnings for U.S. members   ???  $400 or $600   ???

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