eBay

justi_truon · ‎11-02-2022

Hello, I'm a new seller and just sold some small things. I made around $4.50.

Now, I'm a complete taxnoob so I would like to know if I need to report my income from eBay to CRA at all? I just sold some things I had lying around at home.

Thanks.

recped · ‎11-02-2022

Selling some of your personal collection and probably at a loss, no need to report anything to CRA.

FYI - eBay Canada does not routinely report seller activity to the CRA

If you buy stuff with the intent to resell at a profit that is when you become a business.

"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
- answering Trolls is voluntary, my policy is not to participate.

View solution in original post

recped · ‎11-02-2022

Selling some of your personal collection and probably at a loss, no need to report anything to CRA.

FYI - eBay Canada does not routinely report seller activity to the CRA

If you buy stuff with the intent to resell at a profit that is when you become a business.

"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
- answering Trolls is voluntary, my policy is not to participate.

femmefan1946 · ‎11-02-2022

If you sell your personal collection and make a profit-- which is difficult because we normally buy for our collection (or wardrobe or repair needs) at retail, while we are selling, if not at wholesale, at a lower price than we paid, way back when.