"Would I get caught in a tax nightmare"
Maybe, maybe not.
"do I get to keep all my profits."
Profits? OK now we have a tax implication.
Basically, if you sell "personal stuff" acquired over the years to recover some of your original cost, there is no profit and generally carries no tax implications unless one of the items (or a group/collection) sells for more than $1,000 (there could be capital gain in some instances)
If your worldwide annual revenues (sales and shipping charge) exceed Cdn$ 30,000 then you need GST/HST registration.
If you purchase "stuff" (even used stuff) for resale, then you need to report the income (selling price minus cost of goods minus related expenses) on line 135 of your annual personal income tax return.
In all instances I most strongly recommend you consult a competent accountant familiar with your personal circumstances and experienced in mail order business.
Good Luck
"As a hobby should i open a store to sell?"
I should have read your selling history on eBay before answering your question. With thousands of sale transactions, I am not sure the word "hobby" applies in this context.
You are running a small mail order business.
As indicated earlier, as long as your annual revenues do not exceed Cdn$30,000, you need not be concerned with GST/HST. However, "profits" made from your marketing business should be reported on line 135 of your tax return, even if the net profits are only a few hundred or thousand dollars.
As you may know, CRA regularly audits eBay sellers (personally I have been audited twice for eBay business, once prior to eBay).
Having or not having an eBay store is irrelevant to the tax question. The high number of transactions - year after year - determines if it is a "business" or not.
Once again, a competent accountant should be consulted.
Good Luck.
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