FAQ
You have questions? We have answers!
How will SabreTEC benefit my business?
- SabreTEC helps your business conserve cash, generate new local business & utilize excess inventory.
How will SabreTEC benefit my business?
- SabreTEC helps your business conserve cash, generate new local business & utilize excess inventory.
Do I have to buy from the same company I sell to?
- No, you can use the credit earned (Trade$) to buy from any member on our exchange.
How will I know what is available to buy on the exchange?
- Members can access company listings via our online directory.
- Your trade broker will help you locate products and services that benefit you and your business.
- We issue weekly emails “Trade Flashes” highlighting special promotions.
How are new members selected on SabreTEC?
- We carefully select quality local companies; owners with a solid reputation and a positive/creative mind set.
What about pricing?
- Everything on our exchange is bought and sold at “regular pricing”, equal to regular cash pricing.
How will I be marketed through the SabreTEC system?
- Trade brokers will actively promote your business to members on our exchange.
- Your company will be listed in SabreTEC’s online directory.
- Promotions by members are highlighted in “Trade Flashes”, an email that goes directly to all our members.
- SabreTEC sponsored events, parties, and client showcase mixers throughout the year.
- Members tell others in the cash market about you and your business.
Is SabreTEC easy to use?
- Absolutely, SabreTEC is simple to use and very effective!
- Our trade brokers are a tremendous asset for creating smooth transactions & assisting you as needed.
- Trading on SabreTEC becomes second nature.
How does Revenue Canada treat barter transactions?
- For income tax purposes, Revenue Canada treats Barter (Trade$) equal to Canadian currency transactions, identical to the Cash$ market.
- Barter sales are reported as revenue on your company’s tax return.
- Barter business purchases are reported as an expense.
- Revenue Canada recognizes SabreTEC as a third-party record keeper for barter transactions.
- SabreTEC issues monthly statements to reflect all barter transactions.
How does Revenue Canada treat barter transactions?
- For income tax purposes, Revenue Canada treats Barter (Trade$) equal to Canadian currency transactions, identical to the Cash$ market.
- Barter sales are reported as revenue on your company’s tax return.
- Barter business purchases are reported as an expense.
- Revenue Canada recognizes SabreTEC as a third-party record keeper for barter transactions.
- SabreTEC issues monthly statements to reflect all barter transactions.
Are there tax advantages to SabreTEC?
- There are no tax advantages or disadvantages to SabreTEC barter, with all income and expenses treated the same as cash.
- SabreTEC barter is a unique marketing advantage and not a tax tool.
Is the accounting easy?
- Most definitely, report barter income as revenue received.
- Separate business expenses from personal purchases on your monthly SabreTEC statement.
- Record the business expenses and declare personal purchases as a taxable benefit at year end.
What about G.S.T.?
- GST is received in Trade$ and paid out in Trade$
- GST Trade$ is reported quarterly, along with your standard Cash$ GST transactions.
Can I barter for personal use?
- Yes, SabreTEC is an excellent way to stretch your personal budget.
Can I pay my employees with barter?
- SabreTEC Trade$ and gift certificates are commonly used for staff bonuses and incentives.
How many members have been on the exchange 15+ years?
- Over 75 companies
What are the costs?
- $295 membership
- 7.5% fee on every purchase and sale
- $35 service fee (monthly)
- No renewal fee