Originally Posted by willmore

I also know a guy who works for a certain computer store (which will remain unnamed) and works on the side repairing MACs'. Apparently, he is very good - needs the extra money to help feed and clothe his family.

Originally Posted by willmore

Wasn't it you that equated an Escort service to prostitution??

Originally Posted by willmore

but I also think you have to earn a certain amount of money and be 18 before it needs to be reported.

Originally Posted by Glaswegian

That's pretty crappy, a guy with MAC skills should be doing a lot better than that - people with MAC skills are like rocking horse sh*t.

Yes, you're right, but competition is fierce in Victoria and not alot of MAC users - did you know that we only constitute 6% of users in North America.

Dunno mate, never used either. My understanding from the UK was that the difference came down to price & venue. Is there a difference in Canada that you want to relate to the rest of us??

I was referring to your new thread about prostitution and equating them to a escort service (ok. bad joke).


That's a common misconception - earnings before 18 years count towards you RSP, you'd be nuts not to report them.

Originally Posted by willmore

Are you sure??? because lots and lots of people under 18 are newspaper carriers and don't report their income to the govt

Originally Posted by willmore

Are you sure??? because lots and lots of people under 18 are newspaper carriers and don't report their income to the govt

Originally Posted by Glaswegian

They're probably way under the tax limit anyway and they're missing out on future potential RRSP contribution space - it's up to them to report it.

Originally Posted by willmore

Well, I actually learned something tonite - thank you - I didn't realize that - not it will affect me in any way - but thanks for the info.

I guess the reason it isn't reported is because after the income tax is taken off - not much would be left of the pay cheque.

Originally Posted by oceanMDX

You're both partly wrong, you have to report any taxable income regardless of your age. Income doesn't help an RSP, only the money that you contribute into does.

Originally Posted by Glaswegian

Not always true - our local flier carrier is paid gross on a self employed basis - her mom told me so. Its up to them to declare the income and pay the taxes.

Also it doesnt matter how much is left of your pay cheque after deductions - if tax is still due then it should be reported and paid over!

Mrs G

Originally Posted by Glaswegian

Get real - you are picking on the fact that Mr G missed out one R from RRSP. Of course income is relevant to an RRSP and an RSP. It gives you the contribution room in the first place and enables you to make the payment!

Mrs G

Originally Posted by willmore

Not if you're being paid "under the table" like newspaper carriers and some delivery people (and many others I'm sure)are paid. I know for a fact that this money is not reported either by the person or the company.

Originally Posted by Glaswegian

they're missing out on future potential RRSP contribution space - it's up to them to report it.

Originally Posted by oceanMDX

I rather doubt it that the newspapers wouldn't deduct the labor cost as an expense. They would be foolish not to.

Originally Posted by Glaswegian

I didn't say that it magically put money into their (R)RSP - I said it gives them future space to contribute. You have to earn the income to put it in there. I hope my kids won't be earning the same during their career as they are when they're under 18 years old. Having the extra space to contribute is useful later.

And yes, not earning enough to contribute to an RSP is a simple reality for a lot of people and it sucks.