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Do PayPal charge taxes on their fees?

vip-marketplace
Community Member

‎04-11-2019 03:08 PM

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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Do PayPal charge taxes on their fees?

recped
Community Member

‎04-11-2019 03:58 PM

@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!

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

 

 



"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
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Do PayPal charge taxes on their fees?

vip-marketplace
Community Member
In response to recped

‎04-12-2019 08:49 AM

Thank you so much! 🙂

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