Experience people in canada help me with tax returns

[akash06f]

Hey hie everyone i am bit confused by my situation and need help from you guys ....

I landed in to Canada in December 2013 on a student visa.My brother runs a Free lancing kind off technical support for computers from India,so he has

some customers from Canada and USA so he charges them some amount through MY Paypal and the amount comes in my bank account and

the transaction seems to be going high and high means he is doing good business and expanding so on a monthly basis he makes 6000 USD which

comes in my bank account from last 4 months i almost got 25K USD in my bank accountt i was worried as i am on student visa here so i

called immigration and discussed everything with them they said we don't have any problem until and unless you are not working for any Canadian

employer i said OK . and they also replied as whatever freelancing you are doing u can do it from anywhere in the world so that's OK now the

question comes in mind is that whether i have to pay tax for this income which is coming in to my bank account because i did n't have to give any

SIN while dealing with Paypal so it comes from them. SO my question is as its a huge amount which is NOT in SIN still do i have to pay taxes and is

anybody going to question me that from where does this money coming from..???

 

[itstime]

Get your brother to set up his own paypal and bank acount so you don't have to deal with it. It isn't your money.

 

[akash06f]

My brother is in india and i am in canada so he wont be able to have canadian bank account or canadian paypal

 

[itstime]

But he can have an indian paypal and bank account? You are better off having your seperate accounts as this could very much turn up as you having an income.

 

[akash06f]

the reason y he asked my paypal because in INDIA because of Reserve bank of india has lot of strict rules which does not allow him to do an overseas transaction through indian paypal that is the reason the thing is how can it be count as my income if it is not on my SIN number ..

 

[itstime]

It's going in to your bank account. You have to show where it comes from. You could be pinned for investigation of money laundering.

I presume you should talk to an accountant and a tax attorney. Regina (member on here) seems to know a lot. There is also a forum on this board for tax questions.

 

[Regina]

yes, you could be in trouble.It looks like you are working and trying to lie "it is you brother who is working" or IT IS a money laundry.
So you should stop your brother from doing that. If he cares about you he will stop.

Go to a tax accountant.

 

[minaz31]

Indian PayPal Sucks. Sorry. ;D

How was he dealing with money before you landed to Canada? ask him to do same, or there are other money transfer options available tell him to use that.

 

[akash06f]

OK lets say i tell the CRA(canadian Revenue agency) that i am doing freelancing where i develop software and getting paid for that on my account and whatever i earn from my freelancing i send it to my family in india like my brother and father. and whatever amount is coming from my earning i Am ready to pay taxas for that...sounds good