A: MK Reps will work hard to ensure your business generates income through barter. Although, like any marketplace, the traffic is dependent on supply and demand. We’re happy to let you know if we have any requests for your service/product before you join.
A: Yes, MK Global Trade fees and barter transactions can be written off the same way asother business expenses. CRA sees a barter dollar equal to a Canadian dollar.
A: Nope! You decide when and how much to barter. You can barter on certain days or offer specific products/services, you can limit your trading to a set amount per month or you can choose to trade during your slow season only. It’s your trade account, your way!
A: Yes! Sales made through barter are subject to the same tax treatment as cash sales. Members are responsible for collecting applicable taxes for each transaction.
A: We send out monthly statements. An invoice will be issued for the amount owing to MK Global (membership fees, commission fees, or taxes). The trading statement will note your incoming/outgoing trades within the month’s period. Finally, the transaction detail report will note all of your incoming/outgoing trades in detail from the beginning of your membership to the end of the month’s period. We’re happy to work with your bookkeeper/accountant for any tax reporting information.
A: Your prices should remain the same and not change due to it being barter. Dollar for dollar, retail to retail. Barter is simply a method of payment – just like a credit card or cheque.
A: Trading products/services allow you to earn trade dollars that you can use to build your business and enhance your lifestyle. By bartering products/ services you normally pay cash for, you preserve working capital for other expenses. By marketing your products and/or services through MK Global, you can recover revenue that might have been lost otherwise. For more benefits click here!
A: Trade dollars are a medium used to exchange products and services within our network. The value of a Trade Dollar is that of the Canadian Dollar.
A: Maximizing cash flow is a top priority of all businesses. Purchasing products and services with Trade Dollars is an alternative to using cash, which helps businesses conserve their profits. Barter is not meant to replace the cash your business needs; it’s a way to supplement it.
A: We are not here to take away your existing customers and convert them to barter. We are here to bring you new business and expand your network.
A: Your trade offers will be posted on our exclusive online directory, featured in our weekly newsletters, and discussed with members directly.
A: The problem with direct one-to-one trading is that two companies must first discover each other, need exactly what the other is offering, and be willing to barter at a time that works best for both businesses. A membership saves you time, money and protects you by implementing fair rules, policies and procedures among members.
A: To learn about the benefits of our barter exchange visit our Membership Page.
A: We offer an annual membership plan. There is a one-time fee of $300 + GST and an annual fee of $100 + GST. We also charge a 5% commission fee on each trade transaction.
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