Reporting eBay total on personal income taxes for 2022?

[coseve_38]

So this past year I decided to start selling my old pokemon cards that I'd had lying around since I was a kid. Sold about 50 cards for around $1115 total after fees and shipping label purchases. No individual item sold for more than $500. 

Hard to get a clear answer anywhere but is this something I need to declare on my personal income taxes? I'm not a registered business, just selling whatever's lying around the house that I had gifted to me as a kid, or had bought ages ago.

Any help would be great!

[femmefan1946]

Yes, but you also have deductions, the costs of packaging and shipping & eBay fees being the most obvious.

TYou can also deduct the original cost of the cards, but that can be hard to decide.

Perhaps some of the cards are in original packages with shop prices and you can extrapolate?

[recped · Accepted solution]

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@coseve_38 wrote:

So this past year I decided to start selling my old pokemon cards that I'd had lying around since I was a kid. Sold about 50 cards for around $1115 total after fees and shipping label purchases. No individual item sold for more than $500. 

Hard to get a clear answer anywhere but is this something I need to declare on my personal income taxes? I'm not a registered business, just selling whatever's lying around the house that I had gifted to me as a kid, or had bought ages ago.

Any help would be great!

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Here is some information from the CRA

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

The page above is intended for high value ($1000+) items.

The following page is more in line with what you are selling.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

You should probably report your sales, but the bottom line should not be that much and the associated income tax due fairly small depending of how you come up with a "cost value".

Just an FYI - eBay does not report your sales to Revenue Canada, they do not issue Tax Slips so declaring is voluntary........I'm not suggesting how you should proceed 😉