Search results
$1,000 each
- The items you are selling most likely qualify under what is called Listed Personal Property). This means unless you are selling items for more than $1,000 each (I will repeat that, $1,000 EACH) there are no tax consequences, and you do not need to report the amounts on your income tax return.
kdprofessional.ca/blog/tax-strategies/buying-and-selling-on-the-internet
People also ask
Does Kijiji charge a listing fee?
Why did Kijiji add an insertion fee?
Is selling Kijiji a good idea?
Do Kijiji sales make a profit?
Services Listing Fee. To continue Kijiji’s top-quality classifieds experience for buyers and sellers alike, we have added an insertion fee to all listings in the Services category. In order to maintain a high-quality marketplace and ensure fair competition, we have implemented these insertion fees to address the challenge of low-quality ads ...
- The Basics of Buying and Selling on Kijiji - Kijiji Central
Do they want you to post your ad on their website or offer...
- The Basics of Buying and Selling on Kijiji - Kijiji Central
So if you say you're selling it for $100+HST and they negotiate you down to $100, your sale is 88.50 + HST. Don't record it as a sale of $100 and no tax. What I advise you to do is keep the HST collected in a separate account because you will owe it to CRA next year. (less any ITCs if you have) edits in italics. 167. Reply. [deleted] • 2 yr. ago.
The minimum earnings threshold isn’t for owning income taxes, it’s for charging sales taxes - and it’s a $10k threshold.
If you were purchasing items for the sole purpose of reselling and as mentioned, generating a profit regularly, then yes the profit could be considered income. Selling things in your home that you no longer want or need is not taxable income.
Real Estate Listing Fee. Individuals who use Kijiji to post a high volume of Long Term Rentals, Commercial/ Office Space rentals, Short Term Rentals, Room Rentals & Roommates or Storage/Parking are required to pay a listing fee.
May 31, 2019 · Do they want you to post your ad on their website or offer to sell your item for you (for a fee, usually)? Offer any other kind of service (a “shipper” will come pick up the item, they’ll send you a wire as payment) or ask you to do something (provide your bank details, cash a cheque, etc.)
The items you are selling qualify for exemptions under the Income Tax Act. The items you are selling most likely qualify under what is called Listed Personal Property). This means unless you are selling items for more than $1,000 each (I will repeat that, $1,000 EACH) there are no tax consequences, and you do not need to report the amounts on ...
