Requesting Income Tax Preparation Help/Tips | Selling

ae_purveyors · 2025-04-10T02:15:51.503000Z

Hello fellow Sellers I was hoping I could get some more information from you seasoned pros here. How do we report our income on T2125? Our Total Sales shown by eBay includes taxes. eBay charges and collects taxes for me from the Buyers. Do you report total income as the Total sales, with Taxes? And then deduct from expenses the selling fees and the taxes collected by eBay? Unfortunately, I haven't found an accountant willing to work with me, due to being "small potatoes." One accountant told me, "Look, I can charge you $500/hour to explain it to you. I can make $1,000 but then I'll never see you again, because you'll do it on your own. As a business owner, don't you want repeat business?" Fair enough, but I can't afford hiring a bookkeeper on my paltry sales. Hopefully, one day. So, until then, I keep plugging away at doing my own research. I have tried calling the CRA during the tax-time extended hours. But I haven't been able to reach someone who is knowledgeable and can answer my questions in confidence. I have a feeling it's because the tax implications are all new for these situations (gig-economy, side-hustles, online revenue-streams, etc). If anyone can offer me any advice on: - How you prepare your Income Tax- What you know about an eBay Seller's Income Tax preparation- Any accountants who work with eBay Sellers, or provide tutorials on eBay Seller Income Tax Prep- Any tutorials online that you can direct me to If anyone has any advice or information you can offer, I would be most appreciative. Thank you very much in advance!!!

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Requesting Income Tax Preparation Help/Tips | Selling | eBay Canada EN