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Showing content with the highest reputation on 02/16/2022 in all areas

  1. 2 points
    https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/digital-economy-gsthst/charge-collect/cross-border.html It seems government made some changes in July 2021. Based on these rules cross border sellers must collect HST if they sell digital products directly to Canadian consumers.
  2. 1 point
    2030 seems like very distant future now. First we have to get through the crisis and martial law we have in Canada now. Can't believe we got that much down that fast... If the right side of the history wins, may be The Global Reset is not really a thing... P.S> Sorry for ranting about politics here but Canada really in uncharted waters right now
  3. 1 point
    The Global Reset. By 2030, “You will own nothing, have zero privacy, eat bugs and be happy!”
  4. 1 point
    One is based in the UK and in principle software is a service transaction. Service transactions do not generally lead to value added tax or sales liabilities unless the service is performed on site. Obviously this is somewhat questionable in the case of software but in reality the transactions are not really traceable for the most part unless their volume is very high. In Europe - not sure about North America - there are thresholds of gross sales that need to be exceeded before they force you to register for tax in the country in question. Over the past years and in 2021 in particular there has been a gradual tightening of the rules on this and application of taxes - unsurprisingly the tax man likes to tax whatever is forthcoming. There is also a reasonable argument that you as the buyer in Canada are consuming and using in Canada and therefore like Canadian software the transaction should be taxed. The chances of the Ontario tax man catching One is small - this is NOT the case for catching the big payment fulfillment firms like Digital River which on top of that guarantee that tax elements are taken care of. The Ontario (and EU) tax men know 'where they live' and will demand their pound of flesh as they perceive this as Digital River selling software in Ontario (or in the EU) rather than a fee from One in the UK. Technically One is relieving itself of a risk because many tax authorities believe their transactions are locally taxable and should not be exempted from VAT as normal service transactions. If you were to retain the services of my company in Belgium and I do something for you - our invoice would not have HST on it as a service transaction. Here is an excerpt of Canadian guidance on this: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/p-150/tax-treatment-imported-computer-software.html
  5. 1 point
    I think a lot of people, myself included, tend to be lurkers and quiet readers more than active posters, so there's probably some selection bias happening either from those who are totally new and suffered multiple losing trades in succession and want to vent about it, or experienced traders who are actively contributing setups along with their trade history. I joined SteadyOptions exactly 2 months ago today so I realize I'm still very new. But in that time, I've sustained an 80% net return over 66 trades (mixture of official trades and my own simple overnight long straddles/strangles). There have been some rough moments (case in point, the DIS hedged call fly or various failed calendars), and I have no expectation of ever attaining the official returns because they don't account for commissions or slippage, but I am still extremely pleased with the performance. Attached is my SO trade log if you'd like to see how I arrived at that number. Cheers, and happy trading! SO_trade_log_FlingThorn.xlsx
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