Do PayPal charge taxes on their fees?

[vip-marketplace]

Hey guys!

I'm currently doing my taxes and was wondering if there are some taxes included in PayPal fees.

The extraction I'm using from PayPal has a "Fee" column but that's it. Nothing about if there are any taxes included in this amount.

Thanks!

[recped]

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@vip-marketplace wrote:

Hey guys!

I'm currently doing my taxes and was wondering if there are some taxes included in PayPal fees.

The extraction I'm using from PayPal has a "Fee" column but that's it. Nothing about if there are any taxes included in this amount.

Thanks!

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No they don't. PayPal is exempt (or more correctly "zero-rated") because financial services are not subject to GST/HST.

[vip-marketplace]

Thank you so much! 🙂