Search results
I buy a few items off Kijiji and use for resale for my business. I document everything and obtain receipts from the sellers but they don't charge tax on the sales.
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.
- What Is A Peer-To-Peer Sale?
- Income Tax Implications
- GST/HST Implications
- How to Correct Your Tax Affairs
A peer-to-peer (P2P) sale is the selling of goods or services from one person or party directly to another. You may be involved in P2P selling if you are connecting with buyers through online platforms like websites, online marketplaces or mobile applications (such as Etsy, eBay, Amazon or Kijiji).
As a resident of Canada, you have to report your income from all sources inside and outside of the country, including P2P transactions, on your tax return. If you paid tax on foreign income, you could be eligible for a tax credit. It is important to maintain proper financial records of all your sales and expenses. This applies to the sales you make...
You may have a reasonable expectation of profit from your online activities, and your total taxable supply may be valued at more than $30,000 over four calendar quarters. If so, you will need to register for, collect and pay to the Canada Revenue Agency the goods and services tax / harmonized sales tax (GST/HST) for taxable supplies of goods and se...
If you did not report your income from P2P selling, you may have to pay tax, penalties and interest on that income. You can avoid or reduce penalties and interest by voluntarily correcting your tax affairs. To correct your tax affairs (including corrections to GST/HST returns) and to report income that you did not report in previous years, you may:...
Mar 28, 2024 · Sales tax calculator to calculate tax on a purchase and find total sale price including tax. Multiply before-tax list price by decimal tax rate to find sales tax.
Use this calculator to find out the amount of tax that applies to sales in Canada. Enter the amount charged for a purchase before all applicable sales taxes, including the Goods and Services Tax/Harmonized Sales Tax (GST/HST) and any Provincial Sales Tax (PST), are applied.
HST tax resale homes in Ontario, tax on CMHC fees, a basic guide to HST tax Ontario real estate transactions, and how they affect you.
People also ask
How much is HST on resale homes in Ontario?
How much tax does a used car pay in Ontario?
How much money does Ontario spend on sales taxes?
Why did Kijiji add an insertion fee?
Apr 23, 2024 · Calculate HST amount (13%) in Ontario by putting either the after tax or before tax amount. Check the GST and PST portion of HST.
