>>>>Michel
>>>>
>>>>What if the UT were hosted in the US or elsewhere? The content would be placed outside Canadian borders. If funds were collected elsewhere and a "royalty" cheque were sent to you monthly, would this not effectively bypass the money grubbing canadian government (MGCG)? Discuss that with your tax lawyers.
>>>>
>>>>For that matter if all web-based companies did likewise, the loss of revenue to the MGCG would be substantial wouldn't it?
>>>>
>>>>If you can't beat em, dazzle them with bulls--t, or something like that? ;)
>>>>
>>>>Food for thought.
>>>
>>>Well, that's trying to deal with a symptom, rather than the problem itself.
>>
>>I've seen lots of programmers do lots of that, so why knock me? ;)
>>
>>>
>>>It's also worth pointing out that one needs to be very careful in planning maneuvres whose sole purpose is to avoid tax. This falls foul of the General Anti-Avoidance Rule (GAAR - http://www.cra-arc.gc.ca/E/pub/tp/ic88-2/ic88-2-e.html)
>>
>>Ah, c'mon. People have bank accounts in Bermuda, no?
>
>I think it boils down to what's possible vs. what's wise ...

Lots of the what's possible is done over the what's wise. ;) Look at the recent income trust issue. Wisdom, as is everything else, is in the eye of the beholder.