No Options But To Close My Store...CRA

[deja-vu-vintage]

With ths CRA wanting their cut of my little to nothing income that I make selling thrifty goodies, that have been taxed OVER & OVER, what are my options? Ive been hacked on ebay and I refuse to hand them over my SIN. Do I close up shop now or how long before the CRA slaps me with $500 fine for not complying?

[reallynicestamps]

It's a graduated  income tax.

If you make a pittance on eBay, obey the law and declare it.

It probably won't make any difference to the amount of tax you pay.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individu...

You only pay 15% on your income under $57,375 or less, and most people don't pay any tax on the first $17K or so because of normal deductions.

If you don't give eBay your SIN, they will not transfer your customer payments to your checking account.

Based on your Sold listings so far, you are probably going to garner nearly $3000 this year.

[mrdutch1001]

"With ths CRA wanting their cut of my little to nothing income that I make selling thrifty goodies..."

If you are sourcing vintage items for re-selling, you are a business.

I believe it is more about honesty and transparency and if folks follow the rules, there is nothing to worry about...