what if you make money on your game?

gotyours

hello guys i am in Ontario, Canada, So what if i make a game that makes money- do you need a bussness licence? and do you have to clam on your taxes as income? Any of my Canadian friends out let me know.

gotyours

Bradford here my friend, from Toronto, came up here 5 years ago now looking at heading back south. Oh Canada lol

The_Gamesalad_Guru

If you make money be happy!

LeonardDeveloper

Have a summer house in Aurora, Ontario.
Heres my personal view on it: "Focus on making the money, Then when you have money worry about everything else"
lol my summer house is just a couple of miles away from the GS GOD @tshirtbooth .... I'm Gonna stalk you all summer (jks jks)
Cheers,
Jack

gotyours

my wife works at the state farm office there

gotyours

summer home in Aurora, hum someone is making good coin for sure

gotyours

i got a question, @tshirtbooth and @LeonardDeveloper, is this your regular jobs or do you guys have normal jobs out side of the GS world?

GraphicWarehouse

@gotyours tshirtbooth does it for a living but leonarddeveloper is 15

gotyours

lol, i must say most of the stuff i know on cpu comes from kids on you tube, its amazing how smart kids are today, I have a regular job that i work at night, this started as a interest for me, and i love it, and i am not a kid lol

GraphicWarehouse

I'm 12

gotyours

here is another question what made you guys want to do something like this, Money? or something else?

LeonardDeveloper

@gotyours

Here is another question, what made you guys want to do something like this, Money? or something else?

For me it was Passion: For technology and the creation of the world around me, Reconnaissance: My passion to pursue with greatness, and to investigate the world around me.. Revelopution: To be a rebel amongst regular people, To Create, Invent & Improve

DimensionGames

@gotyours

Here is another question, what made you guys want to do something like this, Money? or something else?

For me it was Passion: For technology and the creation of the world around me, Reconnaissance: My passion to pursue with greatness, and to investigate the world around me.. Revelopution: To be a rebel amongst regular people, To Create, Invent & Improve

I felt like I just read a companies mission statement!

@gotyours I personally do it as I have always been curious about technology, I had my own website at the grand age of nine and hosted games. Ever since I'v been trying to get into game development and tried a few different platforms such as flash and the xbox developer software. I can't deny that making money isn't something that motivates me but it is second to the enjoyment of creating games.

gotyours

sounds like a good idea to me, i am normally not to busy on weekends.

Steverd

I have no idea if you live in the Canada, BUT if you live in the USA, I say get a business license. It's very nice for all of the tax breaks and deductions you can get.
If you are going to claim game income as personal income, you need all of the business deductions that you can have to off set the taxes.

CulturePlay

@Steverd what kind of business do you recommend? LLC?

SinSquid

I`ve been wondering about this to. I`m located in Norway, and they are pretty strickt on taxes and everything. But I´ll guess this wont be a problem, there are some rules that you can make up to 8700$ pr year on your hobby i think. Anyone else from Norway here?

gotyours

hey thanks for the input I think i will grab a business licence here for the write off benefits for sure, for the cost versus the benefit of the write of i think it is well worth the while, wish i had got it before i bot this Mac book air loll

gotyours

i c, humm,

SingleSparq

Grew up in aurora (work there now) but live in Barrie. Dont expect big bucks without a lot of effort. Been 3 years and just got my first deposit from Apple. 100 bucks woo hoo!

gotyours

lol its not about the money, thats a just in case thing you never know =P~