Padgett Business Services Where Your Success Takes Root Serving Kanata, Nepean, Stitsville and Barhaven 613 599-4224

Padgett Business Services

Serving Kanata, Nepean, Stitsville and Barhaven 613 599-4224

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Tax Alerts

Selling Goods On eBay May Result In Taxable Income

November 27th, 2009

ebay1.jpgDo you sell goods on eBay?  Canada Revenue Agency (CRA) has obtained a court order requiring eBay to release to them information on certain Canadian eBay sellers.  The information includes names, contact information, and sales records for

 

  • Sellers who, in any of the years 2006, 2007 or 2008 had more than $20,000 in sales and at least 24 sales transactions, or
  • Sellers who, in any of the years 2006, 2007 or 2008 had more than $100,000 in sales, regardless of the number of sales transactions

The eBay seller does not have to be an eBay PowerSeller in order for the records to be released, as long as the criteria above are met.  The court order refers to sales on eBay.ca or eBay.com.

For more information, please view TaxTips

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