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Selling (Personal Use) Goods (< $30K) To Canadian/US Buyer - Taxes ?
Summary: chrisgra-4475 inquired about tax responsibilities when selling personal use property on eBay to buyers in Canada and the USA, questioning whether they need to register for HST in Canada or handle US state taxes for such transactions. reallynicestamps responded, emphasizing that advice may be outdated and highlighting the importance of consulting a tax accountant for accurate guidance on taxable earnings and deductions. kh-leslie noted the age of the thread, closing it to further comments, and invited participants to start a new discussion if needed.
As a Canadian selling on ebay.ca and plan to only allow shipping to Canada and the USA.
As I understand it, if I sell personal use property (and less than $30K in value at that), I do not have to register to collect and remit the HST for a Canadian sale.
As I understand it, if I sell personal use property to a US-located buyer, I (or eBay) will have to charge, collect, and remit US taxes (particular to states and etc.).
Can someone with experience please let me know if my understanding is correct, and what I'd have to do to properly configure my new account vis-a-vis taxation in order to sell to Canadian and US buyers? Thank-you.
kh-leslie
·2 years agoHi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.
Thank you for understanding.
reallynicestamps
·2 years agoZOMBIE THREAD FROM 2020.
The problem with zombie threads is that the advice may no longer be accurate.
In this case,no one is presenting as a qualified tax accountant.
If you have a windfall of $30,000 which is more than a year's income at minimum wage in some provinces, you should be talking to an accountant.
And every penny you earn is taxable, but also qualifies for tax deductions.