Forum

Revenue Canada & Stealth accounts
 

i registered some accounts on ebay canada using stealth info. The only thing that is real is my bank account under my name linked in paypal.

Im wondering will canada revenue know who i am merely by the ebay annual report?

BTW, i am a visitor in Canada for some years. Do i need to worry about those?

Another question is does the gross amount sold on ebay include shipping costs i charged from buyers?

THank you:amen::amen:

Yes, they obviously see the cash.

Think about it for a second, your gonna withdraw ebay money to your real name bank account. It's very likely that your bank has you SSN, because you have to give it to them when you open the account.

They will see the gross amount coming in.
Item cost + profit + shipping charges.

If you don't make a huge amount per/year off eBay, it won't be a big deal not reporting any earnings, but if you make $10,000+, you may have some issues with them, perhaps getting audited.

I think it's $30,000+ as I heard from one of Canada Tax agency.

You need to pay taxes on your profits, not sales. If you want to avoid that its not what the forum is about.

But revenue Canada has access to your bank if they want to take a look for sure.....

$30k is the mark when you have to start collecting GST.

30K for CA
20K for USA
15K for EU

All these equal out to around 20-25K in USD