@thestuffofchris wrote:https://investors.ebayinc.com/secfiling.cfm?filingID=1065088-17-7&CIK=1065088
"At the end of 2016, our Marketplace and StubHub platforms had more than 167 million active buyers and over one billion live listings globally."
Far from dead.
And sales over 80 BILLION US Dollars (doesn't include StubHub) but still people keep saying that eBay is dead and nothing sells.
"What Form EBay provide for Sellers ?"
None.
Canadian taxpayers running a small or large business do not receive any "form" from eBay anymore then they would if they ran another type of business. We are all individually responsible for our own bookkeeping and tax reporting.
Several years ago, I offered a sample "Profit and Loss Statement" that eBay sellers can use to prepare their annual statement and help in tax preparation. Here is the link. Feel free to use it and modify it to fit your needs. It has been accepted by CRA.
http://pierrelebel.com/lists/P&L-sample.htm
Simply stated, you add your revenues (sales and postage charges), deduct your "costs of goods sold" to arrive to your "gross profit". You then deduct business related expenses necessary to run that business. eBay fees would fall under that category.
If your worldwide gross annual revenues exceed Cdn$ 30,000, you are registered with GST/HST. As such the tax requested by the Canadian government on eBay fees will not affect you since the government gives it back to you through ITCs.
If your revenues are below Cdn$30,000 (and you elect not to register with GST/HST), then the tax is simply added to your fees and becomes part of the deductible expense, like any other tax you pay on your shipping material, postage, etc...
After doing the calculations, the net profit is entered on line 135 of your tax return and added to your other income (employment, pension, investment, etc...)
