Canadian threshold for reporting income | Selling

lotzofuniquegoodies · 2025-09-16T18:44:36.781000Z

This just popped up on the US announcement feed from middle of August 2025 regarding change to US thresholds for gig type sellers. 1099-K threshold reverts to prior level We’re excited to share that the Form 1099-K reporting threshold has been restored to its prior level of $20,000 and 200 transactions, effective now. What does this mean for you?Fewer sellers will be subject to 1099-K reporting, reducing confusion and the hassle of unnecessary paperwork in the future. You’ll only receive a Form 1099-K for 2025 if you meet any of the following criteria:You exceed $20,000 in gross sales and 200 transactionsYou have federal and/or state backup withholding applied in 2025 or were subject to withholding in 2025You reside in a state that has a lower reporting threshold Please note that you’re responsible for reporting any taxable income to the IRS. To learn more about Form 1099-K, reporting thresholds, and what it includes, visit our Help page. For any questions about your specific situation, please consult a tax advisor. As always, thanks for being part of the eBay community. Maybe the the Canadian gov could be so nice? Not like any supports the gov is currently providing will help out Joe or Judy seller selling the bare minimum. Current Canada limits:Reporting threshold: Gig work platforms have to report income for all workers who have done 30 or more activities on the platform, and have earned more than $2,800 in a year. Information disclosure: Platforms must provide the workers' personal information to the CRA. Mar 12, 2025 Not sure if anyone else agrees but 30 transactions/$2800 seems a bit low.

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Canadian threshold for reporting income | Selling | eBay Canada EN