how much money on canadian ebay can i sell before the tax man comes looking

[cool-stuff-2013]

does any one know,how much i can sell on canada ebay,with out having problems with the canadian tax man...

[femmefan1946]

None.

Well, actually, keep records of all your expenses and income from eBay. While Revenue Canada doesn't worry much about 'garage sale' income, but you are supposed to report any income from professional selling.

The $30,000 you sometimes will see referenced is the maximum amount of gross sales worldwide you can make before you have to register to remit sales taxes. That's quite different from income tax.

Also you get rebates on sales taxes if you are registered.

Keep records.

Paying taxes means you are a success!

[ypdc_dennis]

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@cool-stuff-2013 wrote:

does any one know,how much i can sell on canada ebay,with out having problems with the canadian tax man...

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If you sell (including shipping) more than $30,000 in a 12 month period you have to be registered for GST/HST.

If you're in a province that collects it's own sales tax you'll have to look up their minimum requirements.

For income tax, if you're selling off stuff you own then you worry about capital gains. I've heard $1000 as the threshold for that, but go check with the tax guys for actual amounts.  For example, you bought a painting a few years ago for $200 and sold it for $1500, you'd have a capital gain of $1200.

If you buy stuff to resell, then the tax minimum is $0. Taxed on profits, keep track of all of your expenses.