Declaring income made from flipping items on Ebay: Line 135 or form T2125 | Selling

treadstone68 · 2024-02-03T21:12:24.238000Z

So I have been going through past forum posts regarding declaring ebay income on your tax return, and there does not appear to be a clear answer between simply declaring your net profit on line 135 (as "Other Income") or going the extra step of filling out form T2125 ("Statement of Business or Professional Activities"). Form T2125 asks for a business name and business number (which I do not have), so do I only choose the route of filling this Form if I ever get to the stage of getting a real business name and business number?

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Declaring income made from flipping items on Ebay: Line 135 or form T2125 | Selling | eBay Canada EN