This account is for Individuals and families, not business owners.
If you are selling a personal asset, like a Car, Boat, RV or Real Estate ETC, or offer a service that you provide outside of your regular employment, select this account.
This account is for businesses only.
If you own a business and are offering an ongoing product or service which you also sell for cash to the public, this is the account you should choose.
How does The Commerce Exchange improve a business’s cash flow?
When you use barter dollars for products and services that you normally spend cash on, the cash stays in your business. Available cash is an asset in any business!
How should I price my products and services on barter trade?
Charge the same prices as you would for a regular Canadian Dollar client. Note: there are no sales or discounts on trade. Trade sales charge full retail pricing.
Can my company charge part cash on a barter sale?
Generally “No”. All trades are suggested be 100% on Trade Dollars. There are some exceptions: transactions that exceed $1,000.00 may charge part cash (with advance approval from The Commerce Exchange). A member may also collect cash for tips, or, charge in cash for disbursement fees (if these are typically charged separately).
Can members sell used items on barter trade?
Yes, you can sell used products on trade. These item(s) should be specified as used, and should be in good condition and priced at fair market value.
Can I cancel my membership at any time?
Yes, membership in TCEX may be cancelled at any time. We do, however, demand that such requests be put in writing with plenty of advance notice. Exiting members must have a positive or zero account balance prior to cancelling. All outstanding fees (including future fees on existing trade balance) must be paid in advance. If there are transactions pending, these transactions must be completed before cancellation is final.
What about taxes on a barter trade?
Barter dollar sales are taxed the same as a regular Canadian dollar sale. You buy a 200 Barter Dollar product on trade, you need pay $24 in cash for GST and PST. You cannot pay your taxes with barter dollars.
Your business is responsible for reporting all barter trade sales to CRA.
