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Old 11-26-2015
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Default 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
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Old 11-26-2015
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Default 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.
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Default Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

It's for US PayPal Accounts
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Default 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?
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Old 11-26-2015
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Default 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.
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Old 11-27-2015
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Default Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:
Originally Posted by kenshin03 View Post
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.

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Old 11-27-2015
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Default 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.
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Default Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:
Originally Posted by rsot View Post
@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.
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Default Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:
Originally Posted by GreenBean View Post
Yes

and

Yes/maybe.

You need to seriously consider getting professional tax advice soon.

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
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Old 11-27-2015
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Default Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:
Originally Posted by kenshin03 View Post
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
200/20k is USA IRS laws not Canada.

You will need to search Canada's reporting laws. Google would a great place to start.
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Old 12-02-2015
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Default Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:
Originally Posted by yankee View Post
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.
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Old 12-03-2015
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Default Re: Does the 200 items/$20,000 applies for hybrid canadian US accounts?

Quote:
Originally Posted by kenshin03 View Post
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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