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- - Does the 200 items/$20,000 applies for hybrid canadian US accounts? (https://www.aspkin.com/forums/paypal-talk/91509-does-200-items-20-000-applies-hybrid-canadian-us-accounts.html)

kenshin03

11-26-2015 10:26 PM

Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Hello

I have an stealth hybrid Canadian/us account. I have spread sales between several accounts to say under the radar. Out of curiosity the 200/20000 number will apply to the paypal canadian accounts? Thanks

yankee

11-26-2015 10:28 PM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

I can not imagine how the USA IRS law would be able to effect a Canada PayPal account.

Dmshark25

11-26-2015 10:29 PM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

It's for US PayPal Accounts

kenshin03

11-26-2015 10:35 PM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Isn't there a law in Canada similar to the USA for their own revenue service? and since items are being ship from the US does that not count into IRS territory?

yankee

11-26-2015 10:54 PM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

The country collecting the money has to worry about taxes.

Canada does not have a SS type of requirement for PayPal.

GreenBean

11-27-2015 07:00 AM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:

Originally Posted by kenshin03 (Post 724453)

Isn't there a law in Canada similar to the USA for their own revenue service? and since items are being ship from the US does that not count into IRS territory?

Yes

and

Yes/maybe.

You need to seriously consider getting professional tax advice soon.

:violin:

rsot	11-27-2015 10:20 AM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

@OP, define "hybrid"....that's a dangerous way of operating.

As for Canadian pp, there are limits and PROJECTED SALES limits so you can be sure that there is some guidance.

kenshin03

11-27-2015 11:51 AM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:

Originally Posted by rsot (Post 724514)

@OP, define "hybrid"....that's a dangerous way of operating.

As for Canadian pp, there are limits and PROJECTED SALES limits so you can be sure that there is some guidance.

Hybrid means that the home addresses are in Canada the shipping addresses are in the USA.

kenshin03

11-27-2015 11:53 AM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:

Originally Posted by GreenBean (Post 724491)

Yes

and

Yes/maybe.

You need to seriously consider getting professional tax advice soon.

:violin:

I have stay under the 200/20000k limit for this reason just to be on the safe side. Do you have any links to info on this topic? I have try to search but the information is almost none existent or very vague

yankee

11-27-2015 04:58 PM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:

Originally Posted by kenshin03 (Post 724524)

200/20k is USA IRS laws not Canada.

You will need to search Canada's reporting laws. Google would a great place to start.

kenshin03

12-02-2015 08:20 PM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:

Originally Posted by yankee (Post 724563)

200/20k is USA IRS laws not Canada.

You will need to search Canada's reporting laws. Google would a great place to start.

Hello

I have try google but there is almost no information about this. This is why I went to this forum hopping some members from canada could explain this to me.

epimetheus039

12-03-2015 01:24 PM

Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:

Originally Posted by kenshin03 (Post 725721)

Hello

I have try google but there is almost no information about this. This is why I went to this forum hopping some members from canada could explain this to me.

Not sure if Paypal will report this information to CRA or not. But this request will apply however no documents will be needed or any tax numbers in order to remove this limitation. Just check mark yourself as "non-US" citizen and VOILA!

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