Toronto Escorts

How many SP's actually save money?

fatck

Member
Apr 20, 2010
359
7
18
No it is not incorperated, it is a sole proprietorship

The steps to get to that location are done over the phone which is also private. Public solicitation is illegal.

My business is registerd as escort services.

I am not hiding anything.

Anyway I will be claiming it as other income now, makes things alot easier.
You are the wisest lady in this industry
 

fatck

Member
Apr 20, 2010
359
7
18
Im not about to get into everything on an open forum, but there's much more to it than meets the eye.

What I do works and you can dispute it all you would like. There are much smarter people working on it then yourselves.

My total income each year matches the assets that I do/will have.

There will be no reason for an audit and IF they were to audit then I would be prepared.

That is just how it is. I'm sorry for offending the two of you but I don't really appreciate the sarcastic remarks.
I'm apologized on my rude behavior. I just want to make a joke with k1...that's all...not thing particular...please forgive
 

Tokyo Heights

Tokyo Heights
Aug 29, 2009
1,375
0
0
The percentage is alarmingly small, and shocking when you get to know, as most SP's, MPA's & SC Strippers whom i have known for year's are always broke and just cribbing for more money everytime i meet them, except one girl who shall be retiring next year has a good bank balance and she is about to buy her own house, and start her business as per her plans, and is working pretty hard these day's to complete her taget to have a comfortable life for herself and her family for the years to come, & i truly salute this girl for the hard work she has put in for years togather! She is a well balanced lady in her life and knows the financial descipline, that is why succes is very close to her, i wish her all the best for all her future endeavours in her life, but for me she is is my good friend toady, & would be my friend for life in future too:cool:
 

splooge

New member
May 5, 2010
928
0
0
San Jose, CA
@ Splooge - did u say your partner might go into escorting.??? How do you feel about that?
mixed feelings... i want to provide her with independence to do as she wishes, but also that's my piece of poon! but, like she keeps warning me- i wasn't the first and won't be the last... :rolleyes:
 

Brill

Well-known member
Jun 29, 2008
8,685
1,200
113
Toronto
I think sweet Emm should start up her own construction company just so she can wear a tool belt with her too-small t-shirt, ripped jeans and a hard hat.
Emm's Erections Inc. would be fitting.

Insert "hard hat" smilie, tee hee.
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
I am in the system with the sex crimes unit (toronto police)
Hope this doesn't mean they consider you a menace to society. Hee, hee, hee. Seriously, you have a lot of street smarts for a 19 year old. Definitely a lot more than I did when I was 19. You'll do fine in this life. Just don't fall for too many "muscle boys" like my dancer friends.
 

JimmyDeals

Member
Dec 28, 2004
35
0
6
TO
Oh boy... interesting thread... everyone is an expert! If someone says that they have a legitimate way of conducting their operations, then what is "up" with hammering away with questions??? It is not like "all" can be revealed/discussed in an open forum. As a side note, I personally know a few girls that are very savvy with their money, done really well, did not let the party lifestyle get the best of them, and yes - operate legitimately.
 

ultraviolet

Member
Dec 25, 2006
292
1
18
It doesn't matter where it comes from, the CRA just wants a piece of my body.
CRA wants a piece of everyone's body.

CRA is the John that barges in, puts a gun to your face and demands PSE CIMSW GREEK and then says you can keep part of the money you already have and leaves you a bad review on TERB.
 

EJ543

New member
Sep 16, 2010
49
0
0
Some interesting posts here..

I agree with 2 posts - one by Unshavencuban..I recognize many well known SP's hanging out in the club district where I sometimes work...they are always hanging around loser types of guys(some of them I know quite well through the work) who are into drugs, pretending to be a 'big-shot' gangster, no money but getting a huge loan to drive a BMW etc etc..and it is true..some of them can't even spell their own names!

Also, a post by Kacy...does revenue canada have access to bank account details?..I thought that this was covered under the data privacy act or something? and I didn't know that your social insurance number etc had to be declared when opening a bank account. I have a savings account and earn some interest but how many of you actually declare this interest on your tax return? there are lots of people with lots of money in their bank accounts - why should they be audited?
Just so you would know CRA does have the authority to look at your bank accounts. The interest in your bank account is matched to your return and the duplicate slip sent by the bank to CRA. As long as the interest matches the cra doesn't have any reason to audit unless other red flags are indicated in the return.
 

EJ543

New member
Sep 16, 2010
49
0
0
obviously you do not know how things work??? - very easy to do!!!!
There are agreements in place for foreign jurisdictions, tax havens or not, however, if your audited and you slip up on anything in your records (little black book or whatever), a search warrant could be issued and if your investigated, (not just audited) ie criminal investigation would ensure, and then it could be painful.
 

EJ543

New member
Sep 16, 2010
49
0
0
Nope. Well, yes, if there is a Court order, they have to comply... but they aren't restricted to that. Section 8(2)d of the Privacy Act says that they may release information to the Attorney General of Canada for use in legal proceedings involving the Crown in right of Canada or the Government of Canada. Section 8(2)e allows them to give the information to law enforcement if they ask and describe why (without court order).



It's not automatic - but it isn't illegal. That's just TV myth. Things you tell CRA are not "priviledged"! They CAN be used against you, if there is sufficient reason to do so. Or, more importantly, if you give them reason to WANT to....



Huh? That's exactly who they target for audit. Because that's where most of the "funny business" goes on.

If your business is highly automated and full of paper trails, there isn't much to actually audit....



True. But you don't submit receipts either. The foundation of our tax system is based on self-assessment, and they "trust" you... until you give them reason not to.

If you do get audited (and most businesses do, sooner or later), they are VERY much interested in EXACTLY how you make your money. The reason for this is that they need to know this to assess if any of your deductions are "reasonably required" for having earned that income. Simply stating "Consulting" or "Entertaining" will no longer suffice.

I'm not suggesting that they hide what they do, or not declare income; in fact, I agree with most of what you say. I just think it's important to add the the following:

1. CRA is the Government, and "Privilege" is a myth. Anything you tell them, you should be willing to let the Attorney General or the local police know. Exercise discretion in what you say.
2. Get qualified professional help for your taxes (see Ms. Blue's post/request for ideas)
3. In addition to being careful to what you say, be careful not to create "paper trails" that suggest illegal activities (e.g. trying to deduct condom costs, advertising expenses, and home expenses for entertaining clients might put you on the wrong side of "solicitation" or "bawdy house" charges). It MAY not ever amount to much, but it isn't worth the possiblity.
4. Claim your income, and deduct VALID expenses, but be reasonable (your professional help will guide you here, but a general rule would be to ask yourself if you would believe someone could acually live on the net income that you are claiming)... if you get too aggressive, or try and jerk CRA around, they will respond in kind. And they are much better at it than you can ever be.
5. Never (ever) lie.
CRA has an enforcement section which deals with criminal activities not that an sp is a criminal activity, we are talking about drugs etc. and they work with the RCMP.
 

EJ543

New member
Sep 16, 2010
49
0
0
That my friend is BULLSHIT !!! You have to give your Social Insurance # to get a box, and not IF, but WHEN you are audited, the government does a bank account search on you, and guess what, up pops your SAFTEY DEPOSIT BOX, with your money all nice and safe for them to take.....
Absolutely true.
 

EJ543

New member
Sep 16, 2010
49
0
0
Actually you should go talk to a lawyer ---- you are claiming your income through a business which I assumed from your post is a corporation. The mere fact that sex between individuals behind close doors is legal, it doesn't mean that all the steps you took to get to that location is, which means that transferring personal income derived from an illegal act to a Corporation is in fact money laundering --- you should read the link I provided.


kf1
Income when declared becomes clean money, that's why a lot of the criminal element operate legitimate business even if the businesses on a stand alone business would be a losing proposition. This way the illegal money can be funneled through the legit businesses and become clean money.
 
Ashley Madison
Toronto Escorts