New realities
Paypal will not report sellers without a business account
eBay will not report sellers that have less than $20,000 in sales each year.
Now that eBay charges GST/HST/QST on fees... and a seller wants to register with CRA to collect the appropriate taxes.
Could be a difficult proposition if a seller has not been reporting selling income on Annual tax forms.
People try to fly under the radar..... and the radar catches them........ if it is pointed directly at them
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It should also be noted that in the beginning eBay had to report sellers with more than $10,000 in sales each year...
That was quickly increased to $20,000 in sales each year
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But then... What would happen if CRA asks eBay to report all Canadian sellers with sales for .... one year only....and....
Reduce the dollar value to those with sales over $5,000 in that one year....
and then search for those with annual sales in the range of $15,000 to $20,000.... and then Less than $15,000 but close to this $15,000 value.....
The CRA request to Paypal could be a beginning of a more extensive search for those that fly under the radar....
