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Frequently Asked Questions
What does Revenue Canada think about Barter?
How will I be marketed in the system?
How will I know what is available on trade?
Can I barter for my personal use?
Can I pay my employees with barter?
Do I have to buy from the same company that I sell to?
What are the costs?
Membership Fee - $595
No Renewel Fee
6% for every purchase and every sale
$15 and $15 trade monthly administration fee.
What does Revenue Canada think about Barter?
Revenue Canada accepts barter as a legitimate method of payment. Revenue Canada recognizes SabreTEC as a third party record keeper for barter transactions. Revenue Canada requires that all barter transactions be reported on your business returns. SabreTEC will issue monthly statements to reflect these transactions. For accounting purposes, barter income should be treated like cash.
G.S.T. on all transactions is paid by the buyer in trade dollars. This makes each transaction easier and more convenient by not having to carry cash or submit invoices to accouts payable. The seller will provide their G.S.T. number so that a tax-input credit can be claimed in the same manner as cash transactions.
How will I be marketed in the system?
New members are announced in regular email bulletins and listed in our online directory at www.bestinbarter.com . In addition to various professional listings, and periodic brochure mailings, your trade broker actively promotes your business to the appropriate clients. SabreTEC sponsored events, parties and client showcase mixers throughout the year.
How will I know what is available on trade?
You will receive weekly email bulletins and periodic brochure mailings. You can also access listings via our online directory at www.bestinbarter.com, which will provide up-to-date information as to who is currently trading. Your trade broker is more than happy to help you locate products and services you need in the exchange.
Everything is generally bought and sold at “normal pricing”. In our system, it is not price that gives you an advantage; it is your cost. When buying on trade you buy at your cost of doing business. As a result, buying on trade saves you money. Competition within the exchange and SabreTEC's policies and service team will help keep pricing in line.
Can I barter for my personal use?
SabreTEC dollars can be used personally. SabreTEC provides an excellent way to stretch your personal budget or enhance your lifestyle. Many SabreTEC members trade for personal things such as works of art, vacations, jewelry, gifts and entertainment.
Can I pay my employees with barter?
Employees welcome SabreTEC. SabreTEC is commonly used for bonuses and incentives.
Do I have to buy from the same company that I sell to?
If you sell to company A, you do not have to purchase from company A. You can use the trade dollars you've earned to by from company B or C or D or any company on the exchange.
SabreTEC is simple to use and very effective! Our online directory at www.bestinbarter.com lists SabreTEC's current trading partners. It's fantastic and new members are being added at an incredible rate! Visitors are welcome to browse - members can buy and sell. Our expert staff of Trade Brokers are here to assist you.