Preach,. Vass. I was astonished when I learned that Stripe doesn't collect HST and Substack doesn't care. I was told, by a Substack employee, "We tell people to price accordingly and get a good tax lawyer." It's like telling people who buy televisions to get a good electrician. Dude, I'm buying your TV because I figure you've built in some mechanism for changing the channels.
Hmmm... So how are Canadian Substack authors dealing with Sales Tax in the meantime? Does anyone have a link to a guide that shows how to treat it on the Stripe side? Great post.
Echoing the other comments! As a grateful member of the $30K+ club, this has caused me way too much stress and confusion.
I think Substack should build this functionality in regardless, but I also think there's a good argument that journalistic subscriptions should be exempt from HST altogether. Seems like a simple way for gov to support the sector -- way simpler than their other programs, anyway.
I've talked to a handful of people who know what's what about this re: tax implications and each time got different advice. So...not ideal. Great post.
Preach,. Vass. I was astonished when I learned that Stripe doesn't collect HST and Substack doesn't care. I was told, by a Substack employee, "We tell people to price accordingly and get a good tax lawyer." It's like telling people who buy televisions to get a good electrician. Dude, I'm buying your TV because I figure you've built in some mechanism for changing the channels.
Hmmm... So how are Canadian Substack authors dealing with Sales Tax in the meantime? Does anyone have a link to a guide that shows how to treat it on the Stripe side? Great post.
Echoing the other comments! As a grateful member of the $30K+ club, this has caused me way too much stress and confusion.
I think Substack should build this functionality in regardless, but I also think there's a good argument that journalistic subscriptions should be exempt from HST altogether. Seems like a simple way for gov to support the sector -- way simpler than their other programs, anyway.
I've talked to a handful of people who know what's what about this re: tax implications and each time got different advice. So...not ideal. Great post.