Quote Originally Posted by cdnmatt View Post
Will get one more update out to him tonight or tomorrow, then he has 7 days to pay me out the remaining $20k, or it goes up to $50k, or he terminates the business relationship and loses the deposit. That was the agreement -- buy-in early at $20k, or wait until the new software is done and buy-in at $50k, and the software is about 3 weeks away from being operational.
And you won't be paying any tax on it, either way - not even the 5% GST, or are you exporting the software services, so it's zero-rated? He is one of your Mafia customers isn't he?