I urge all sellers and would be sellers (located in Ontario) to invest the time to review the Retail Sales Tax Act of Ontario:
http://www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_2491_1.html
Sellers (and would be sellers) residing in other provinces should do the same with their respective provincial government sales tax department websites.
All Canadian sellers (and would be sellers) should also invest the time to learn about the advantage of registering for GST/HST by visiting the GST website:
http://www.cra-arc.gc.ca/tax/business/topics/gsthst/menu-e.html
For more useful tips, please take a look at tax information for small business in Canada:
http://sbinfocanada.about.com/od/gsthst/index_a.htm
Finally, do yourself a favour and read all of it, not bits and pices here and there. Do not select a sentence out-of-context because you like what it states.
To understand the tax system is part of doing business in Canada. If you want to sell on eBay (other than selling personal used goods) you are in fact becoming a small business. To understand the system will save you money and time on the long run.
http://www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_2491_1.html
Sellers (and would be sellers) residing in other provinces should do the same with their respective provincial government sales tax department websites.
All Canadian sellers (and would be sellers) should also invest the time to learn about the advantage of registering for GST/HST by visiting the GST website:
http://www.cra-arc.gc.ca/tax/business/topics/gsthst/menu-e.html
For more useful tips, please take a look at tax information for small business in Canada:
http://sbinfocanada.about.com/od/gsthst/index_a.htm
Finally, do yourself a favour and read all of it, not bits and pices here and there. Do not select a sentence out-of-context because you like what it states.
To understand the tax system is part of doing business in Canada. If you want to sell on eBay (other than selling personal used goods) you are in fact becoming a small business. To understand the system will save you money and time on the long run.
" you must charge GST(within Canada)"
Actually, that is incorrect.
GST registered sellers must remit GST or HST on taxable sales within Canada. There is no obligation to charge it. Many sellers either absorb it or it is included in the price.
The obligation, once gain, is to remit the tax (GST or HST) to the federal government, not to charge the buyer.
Actually, that is incorrect.
GST registered sellers must remit GST or HST on taxable sales within Canada. There is no obligation to charge it. Many sellers either absorb it or it is included in the price.
The obligation, once gain, is to remit the tax (GST or HST) to the federal government, not to charge the buyer.
If you are not registered with GST, you cannot charge tax.
I don't believe you are required to collect the buyer's province's p.s.t. when selling out of province (within Canada. I believe the buyer is responsible to "self asess" this tax.
...correct except for NS, NB and NL where sellers who are registered with GST must remit 15% HST (includes the provincial portion) on all taxable sales made from anywhere in Canada to NB, NB and NL.
"is it necessary to still include the GST# on the invoice? "
YES, because many of your buyers may be GST regististered sellers who need the information.
YES, because many of your buyers may be GST regististered sellers who need the information.
" would I be able to be exempt from the tax that I paid on the products that I am selling that I have already bought?"
One is not "exempt" from paying the GST, but given Input Tax Credits eq
One is not "exempt" from paying the GST, but given Input Tax Credits eq
" would I be able to be exempt from the tax that I paid on the products that I am selling that I have already bought?"
One is not "exempt" from paying the GST, but given Input Tax Credits equivalent to the amount of GST paid.
YES, provisions exist to include inventory on hand at time of registration, but will not include tax on purchases already made and sold prior to GST registration.
One is not "exempt" from paying the GST, but given Input Tax Credits equivalent to the amount of GST paid.
YES, provisions exist to include inventory on hand at time of registration, but will not include tax on purchases already made and sold prior to GST registration.
Disable eBay's checkout and send them an email with the info and correct amounts owing. If they are paying via PayPal you can send them an invoice. They have a new invoicing tool that allows you to detail the taxes information. You set the percentage. It's a much better form than the regular request money form. I think so anyways. :)
