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Ebay Reports to Revenue Canada
 

I currently have an Ebay account that is approaching $20,000 in 2016 sales. I would like to start selling now using a second Ebay account.

I am trying to avoid any Ebay account exceeding $20,000 in sales so that no report goes to Revenue Canada from Ebay at year end.

The second Ebay account uses a different Paypal account however both Paypal accounts are linked to the same bank account.

So my question is - will Ebay combine the total sales from both Ebay accounts (which will likely exceed $20,000) and report to Revenue Canada?

What is the criterion that Ebay uses to combine sales on multiple accounts for tax reporting purposes.

Any advice would be appreciated.

Re: Ebay Reports to Revenue Canada
 

I think you should make sure you are not confusing countries.

US has 200/$20,000 tax reporting .

Why do you think Canada is the same.

You are required to file your own tax earnings.

:typing:

Re: Ebay Reports to Revenue Canada
 

Canada Revenue took court action against Ebay a few years ago to force Ebay to submit selling records for Canadian Ebay sellers. Right now as far as I know the requirements are:

Reporting to CRA ... Canada Revenue Agency ......$20,000 in eBay sales... reported by eBay

This is similar to the requirement by the IRS but in this case Ebay reports to Revenue Canada (not Paypal)

I would like to sell on Ebay using 2 accounts (same IP address, different Paypal accounts) with each account having sales under $20,000. How can I make this work so that Ebay does not link the accounts and issue tax information to Revenue Canada

Re: Ebay Reports to Revenue Canada
 

Welcome to the forums.

1. How are different PP's linked to the same bank account? You can't reuse a bank account across 2 PPs...

2. Canada does not have the same US criteria but there are similar criteria for Revenue Canada GB.

3. I would not operate on linked accounts to try and circumvent the eb policy OP.

4. Financial consultant is in order for taxes.

Re: Ebay Reports to Revenue Canada
 

Sorry the forum is not here to advise how to avpid paying taxes due to any country.

:canada:

Re: Ebay Reports to Revenue Canada
 

I am not really trying to avoid paying taxes as much as I am trying to avoid an audit by Canada Revenue.

Both my spouse and I sell on Ebay - mostly items that qualify as personal use - for which Canadian tax laws say are not taxable.

However a report from Ebay to Revenue Canada for sales exceeding $20,000 can lead to a tax audit being called which results in nothing but work and frustration.

Therefore I am trying to keep both Ebay accounts under the $20,000 threshold limit.

Re: Ebay Reports to Revenue Canada
 

Exactly :) and operate LINKFREE