Amazon FBA Tips For Canadians - Taxation, Cross Border Banking, Legal Entities -

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Griffin Milks

Griffin Milks

5 жыл бұрын

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As a Canadian seller on Amazon FBA USA, I wanted to share with you essential information that will save you time and energy regarding selling on Amazon from Canada. In this video I go over Amazon FBA tax for Canadians, what type of bank account you need to set up, and whether or not you need to incorporate the business. If this information helps you out, please consider subscribing to the channel! Good luck with your business.
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Пікірлер: 273
@GriffinMilks
@GriffinMilks 4 жыл бұрын
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@PriboyCanada
@PriboyCanada 9 ай бұрын
Just started my journey selling on Amazon Canada as well. Documenting every step. Come check out how I do it ❤
@leCocoShe
@leCocoShe 4 жыл бұрын
This video was amazing - the most informative I've seen in a while.
@louise4273
@louise4273 3 жыл бұрын
Finally someone explained it! Very informative! Thank you!!
@karimaldeeb
@karimaldeeb 5 жыл бұрын
You were straight to the point and answered most of my questions I had in mind. keep going!!
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Hi Karim, extremely happy I could help you! Thanks for watching and subscribing 💯
@streetwearhoncho6464
@streetwearhoncho6464 5 жыл бұрын
Super valuable. Couldn’t find this anywhere. Thank you!
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Awesome, glad I could answer your questions. Good luck selling!
@alancongratssoonyoullhead5273
@alancongratssoonyoullhead5273 9 ай бұрын
Thanks man👍🏼 after 4 years still very valuable video. Thanks for doing this
@coreyseale5476
@coreyseale5476 3 жыл бұрын
FANTASTIC Video Griffin. Answered so many questions. You're right, very hard to find this info. Thank you!
@quenuk
@quenuk 5 жыл бұрын
Thanks for providing this info for the Canadian viewers! Much success to you.
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Thanks for watching! I’m glad you enjoyed the content.
@olivergao
@olivergao 2 жыл бұрын
That was tight. Much thanks dude!
@Ryo1Rock
@Ryo1Rock 5 жыл бұрын
Thank you Griffin! That’s what I was looking for!
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Glad you enjoyed it!
@UGOTTHIS1LIFE
@UGOTTHIS1LIFE 5 жыл бұрын
wow this is sooooo amazing for people. what a break down and much easier for people to understand. you are amazing for sharing buddy
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Thanks Kelly! I really just could not find anything this detailed that answered those questions so Now that I have the answers, why not! :) Thanks for watching
@sparzy
@sparzy 4 жыл бұрын
Honest to god brother, this video was amazing and one of the most informational videos i’ve watched on this topic so far. The example was by far the easiest for me to understand i loved this
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Glad it was helpful!
@friedawiebe5386
@friedawiebe5386 5 жыл бұрын
Thanks for making this video! Hadn't found anything explaining the business set-up side of Amazon FBA up till this point. Very helpful!
@GriffinMilks
@GriffinMilks 5 жыл бұрын
I’m glad you found some value! Thanks for watching and good luck with your AMZ business :)
@RememberingGames
@RememberingGames 5 жыл бұрын
Cheers from Québec too! Thanks for the info, you saved me the trouble of actually opening the wrong USD account :)
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Awesome! I’m glad I could help out. Thanks for watching and subscribing
@saiedeh6628
@saiedeh6628 4 жыл бұрын
Thank you Griffin, it was so helpful video. So useful and clear to understand. Thank you so much 😊
@elcylambertua
@elcylambertua 2 жыл бұрын
Griffin deserves 10M subs, only channel where I watch the ads
@whatscookinglari
@whatscookinglari 4 жыл бұрын
Thank you for going into the details! Great video.
@GriffinMilks
@GriffinMilks 4 жыл бұрын
My pleasure
@susuah8933
@susuah8933 5 жыл бұрын
Very interesting info. Thank you. It is really very help. I am happy I found your youtube videos. You are answering all my questions.
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Glad to hear I’m answering all your questions. Consider subscribing for more content :) have a great day
@alancongratssoonyoullhead5273
@alancongratssoonyoullhead5273 3 жыл бұрын
Thanks man, great informative content 👍🏼
@denizdowntown6385
@denizdowntown6385 4 жыл бұрын
Great vid man... pretty explained my identical situation regarding TD and corporations!
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Thank you!
@TheDukedenno
@TheDukedenno 4 жыл бұрын
Best video for Canadian seller. Thank you so much bro
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Thank you! Glad you found value
@VirtualVideosChannel
@VirtualVideosChannel 4 жыл бұрын
Thank you for the great information, straight to the point!
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Awesome! Really glad you enjoyed it
@JohnSmith-jq6ku
@JohnSmith-jq6ku 5 жыл бұрын
Awesome video Griffen, always incorporate a business, this will protect you from a lawsuit and bankruptcy if that shall happen, but also has better taxation laws.
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Thanks for watching!
@g-sun6817
@g-sun6817 3 жыл бұрын
Thank you! This is really helpful
@maryannrivera3833
@maryannrivera3833 Жыл бұрын
Extemely helpful, thanks Griffin!
@GriffinMilks
@GriffinMilks Жыл бұрын
My pleasure!
@mo-ggg1
@mo-ggg1 10 ай бұрын
Great info for us Canadians! Thanks for this Griffin.
@GriffinMilks
@GriffinMilks 10 ай бұрын
My pleasure!
@dmaradiaga44
@dmaradiaga44 4 ай бұрын
Thank you soo much for this valuable information!! :)
@canadianyoutuber9448
@canadianyoutuber9448 11 ай бұрын
I appreciate the examples with numbers....helps a lot.
@marthakovack
@marthakovack 5 жыл бұрын
MUCH appreciated! This is exactly what I have been wondering for months... Thank-you so much! :)
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Glad I could help Martha!
@marthakovack
@marthakovack 5 жыл бұрын
@@GriffinMilks Do I need a BMO Harris PERSONAL or BUSINESS?
@ManishKumar-os7iu
@ManishKumar-os7iu 3 жыл бұрын
Man you answered alll question. Hats off to you
@armadaman22
@armadaman22 4 жыл бұрын
Thanks for this, very helpful!
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Glad you enjoyed it!
@jazzgrewal829
@jazzgrewal829 3 жыл бұрын
This video was really informative. Cleared lots of my doubts. Thanks
@GriffinMilks
@GriffinMilks 2 жыл бұрын
Glad it was helpful!
@monikasansoa1596
@monikasansoa1596 3 жыл бұрын
Thank you this was very useful.
@dawitgebreyesus3669
@dawitgebreyesus3669 5 жыл бұрын
awesome info. props up!
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Glad it helped you out!
@tomcatmeow69
@tomcatmeow69 4 жыл бұрын
Thanks you for clarity with the bank account stuff and getting set up as a corporation . I'm in Canada and already have an incorporated manufacturing company but never did the BMO Harris thing .
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Thanks for watching!
@TechReviwes1
@TechReviwes1 4 жыл бұрын
Excellent video!!!! Great info, well explained. I thank you for and give you thumbs up !!
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Glad you enjoyed it Oswaldo! Thanks for supporting the channel :)
@MithunShimulsStory
@MithunShimulsStory 4 жыл бұрын
It was really helpful as a Canadian. Thanks a ton buddy !
@GriffinMilks
@GriffinMilks 4 жыл бұрын
You’re welcome! Thabks for watching :)
@bestdeals7076
@bestdeals7076 5 жыл бұрын
Thanks a lot Griffin, very helpful
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Glad I could help!
@sueannstewart-green4737
@sueannstewart-green4737 4 жыл бұрын
@@GriffinMilks Hi Griffin thanks for the tips. What if you are incorporated in Canada? Do you add your BN number to replace the EIN?
@GriffinMilks
@GriffinMilks 4 жыл бұрын
@@sueannstewart-green4737 Glag you enjoyed the content! Yes last time I checked, unless it has changed since then.
@anthonyalfonsoyt
@anthonyalfonsoyt 5 жыл бұрын
Interesting video! Thanks for bringing great information!
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Thanks Anthony! Appreciated
@JournalingWithNadia
@JournalingWithNadia 2 жыл бұрын
Thank you so much for this video! Would love to see more videos about taxes in Canada
@kristinegarcia3584
@kristinegarcia3584 4 жыл бұрын
Canadian living in Quebec, i am too, im subcribed, learned a lot. Liked!!
@ahmedjkhan5047
@ahmedjkhan5047 3 жыл бұрын
Griffin. Thank you so much! This has saved me so much of agony
@iTamerzzzz
@iTamerzzzz 3 жыл бұрын
thank you really helpful
@iTamerzzzz
@iTamerzzzz 3 жыл бұрын
Can you help to obtain EIN number? getting confused from the forms.
@helenh9369
@helenh9369 2 жыл бұрын
Thank you for your sharing. I also thought I could get the US Dollars to my US checking account in Canada. After watching your video, I prepare to open a cross-border bank account in the US. Thank you very much!
@ahmadalisher2390
@ahmadalisher2390 4 ай бұрын
Super informative video as it described my situation, for I myself in Montreal, Canada & intend to start Amazon FBA Wholesale.
@GriffinMilks
@GriffinMilks 4 ай бұрын
Glad it was helpful!
@muet20k
@muet20k 5 жыл бұрын
Hi Griffin, very informative video! I have a couple questions: 1. Is your fba income entirely exempt from IRS once you get your EIN and submit your W8BEN form or there is a certain threshold where above it you will still need to pay tax to IRS? I read from somewhere saying that "You get the full exemption for the first $10,000 (or $3,700, I found both these numbers on the Internet) you earn. After that, you must pay the IRS 5 or 10% of your profit" 2. Is it certain that we are to submit W8BEN but not W-8ECI ? I'm quite confused which one we need.
@meriyemfathi8684
@meriyemfathi8684 5 жыл бұрын
Thank you so much. Please can you make us a video about how to incorporate the business, I really have no clue about it. Thank you so much
@ShahGhafoori
@ShahGhafoori 3 жыл бұрын
Thanks for the great video Griffin. Do you have any tips on sending inventory over to US FBA from Canada? Do you import your products into Canada and then export them back to the US or you have your supplier ship directly to the US? And how would you take advantage of Amazon partnered Carrier in the US with no physical US address?
@fredericklebel9431
@fredericklebel9431 3 жыл бұрын
Thanks a lot!!
@GriffinMilks
@GriffinMilks 3 жыл бұрын
You're welcome!
@somimii
@somimii 4 жыл бұрын
Great Video, thanks! How do you manage wire transfer payments from a cross-border account when your paying suppliers? Have you found this creates issues?
@Ksingh24
@Ksingh24 4 жыл бұрын
Hey Griffin thanks so much for this video it has been a huge help! One hurdle i have come across when setting up my BMO harris account is that they only provide a debit - master card. Essentially a debit card with the master card logo on it. So if for example as an amazon seller I need to buy $2000 worth of inventory, I need to make sure that the account has $2000 to begin with. This completely changes things as amazon already has major cash flow issues. What I have been doing up until now is getting my amazon expenses charged on a canadian credit card, and just paying off the card. The major benefit to this method is that I do not have to have the money already available and there in the account to begin with. What are your thoughts on this and how did you work around this issue?
@nthomson3575
@nthomson3575 3 жыл бұрын
For a US bank account use Transferwise. I'm in Canada and was able to get approved very quickly by telling them I was an amazon seller. The fees are also a lot lower than traditional banks.
@samirrustami5778
@samirrustami5778 10 ай бұрын
Hi Anthomson, Transferwise is a bank?
@jamesbondlazable
@jamesbondlazable 5 жыл бұрын
Thank you so much
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Glad the video helped you out!
@eb7550
@eb7550 4 жыл бұрын
thank you for all the info its very usefull!! i habe aquestion though: Can you open your FBA as a sole proprietor and later on when youll start to make money change it to incorporation staying on the same FBA account?
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Absolutely you can!
@itsabouttogetgood7729
@itsabouttogetgood7729 3 жыл бұрын
Thanks for the great info as you are right many people don't talk about this subject. Just wondering why you were recommending setting up a cross border US account in your Personal name as opposed to the LLC?
@marasmedestroyer3022
@marasmedestroyer3022 5 жыл бұрын
Hey Griffin :) hello from Montreal, I join to also say thank you for a fantastic video that answers pretty much all the crucial questions. I've got two more if you don't mind: 1. did you go for a federal or Quebec incorporation? 2. Do I need to get to a BMO branch to set up the crossborder business account or is it done over the phone. Cheers.
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Really glad the video helped you out! I personally went with a federal incorporation, and back when I went through the steps of setting up the American account, I had to go into a physical branch. Hope this helps answers your questions.
@idocare5490
@idocare5490 5 жыл бұрын
@@GriffinMilks Thanks it does, I got conflicting info about not to go into a branch from this video kzfaq.info/get/bejne/mbioq8dpxL-2pKc.html at 4:41 maybe because it is Vancouver-based, in any case BMO branch is not far in the village just 5 minutes walk. Cheers.
@1080Digital
@1080Digital 3 жыл бұрын
Hi Griffin, thanks for the info! So im Canadian as well (doing Shopify), and I just opened an LLC in the States (maybe a mistake). Im still receiving funds in my personal Canadian account (i dont have a cross-border acc). Do you think I will need to file taxes in Canada or in the US? Are my earnings automatically now connected to the LLC o can i choose? Maybe closing the LLC makes more sense...
@JHodiny
@JHodiny 3 жыл бұрын
Hey Griffin, excellent video! I was just wondering what the difference was between a W-8BEN E/W-8BEN and an EIN? Thanks!
@echomeng619
@echomeng619 3 жыл бұрын
Awesome video Griffin! Will it be easier, if I directly open a corporation cross-board account?
@shannonhunt2367
@shannonhunt2367 4 жыл бұрын
Hi Griffin, great video! Quick question. I've been selling on .com for about 8 months, and have a cross-border account set up with CIBC that has been working smoothly. I want to start selling on .ca as well - can I use the same bank account? Does the fact that my cross-border account is US based, and in US funds, present any major problems? Thanks!
@Sadie0225
@Sadie0225 3 жыл бұрын
Hi Griffin, Thank you for your video! I still have one question tho, if you have a corporate account with BMO Harries but wants to get paid in your canadian personal account, what is the best way to do it? Or could you share how you do it?
@Coleton_Smith
@Coleton_Smith 4 жыл бұрын
Great video! Just curious, how exactly do you go about submitting your W8-BEN form to the IRS? Thank you
@MrTacosAndBurritos
@MrTacosAndBurritos 4 жыл бұрын
Thanks you very much from T.O
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Cheers Cesar!
@TS-fw9wb
@TS-fw9wb 4 жыл бұрын
Hi Griffin, thank you so much for your video! I have a question though - if I am just starting out as a Canadian, and don't have any income yet but I do have an EIN, do I need to file taxes with the IRS and report 0 income? Thanks! :)
@dacpanr
@dacpanr 3 жыл бұрын
Great video...very informative. Quick question. If you're incorporated, do you need an EIN? If you're sole proprietor, do you need an EIN?
@jamespilz1514
@jamespilz1514 5 жыл бұрын
Hey Griffin, thanks for the information! VERY HELPFUL. Question: As a sole proprietor in British Columbia, do I need to open a GST account in order to set up my Amazon Sellers account on amazon.com? Thanks buddy! Keep up the awesomeness.
@danieldocouto3847
@danieldocouto3847 4 жыл бұрын
Hey Griffin! Thanks for this information! I just have one question. If I want to open a U.S based checking account do I need to physically go to the states and do it in person? Or is there a way I can get that done with BMO Harris online or over the phone?
@GriffinMilks
@GriffinMilks 4 жыл бұрын
In a BMO branch in Canada you should be able to set this up!
@simonparent5443
@simonparent5443 5 жыл бұрын
FINALLY I’ve had these exact questions for months with no luck of finding any answers. Thank you Griffin for dedicating a video about issues that seemingly no one else talks about Cheers man
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Awesome! Glad I could help out Simon. 👍🏻👍🏻
@nicolebrown9292
@nicolebrown9292 2 жыл бұрын
@@GriffinMilks o
@tharakeshmm5738
@tharakeshmm5738 3 жыл бұрын
This is helpful. Thank you! Considering I go with a Canadian proprietorship firm, would I still have to register a trade name in the US?
@spyderroads304
@spyderroads304 4 жыл бұрын
Hey Griffin, Using your video as a guide I'm getting everything together to do Amazon FBA selling and had a question about checking the quality of the Product: * Do you have the Product sent to Canada (check for quality control) and then on to a US Amazon Fulfillment centre?
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Just get a sample sent to you first. Glad you enjoyed the content! Thanks for watching
@edo7131
@edo7131 4 жыл бұрын
Excellent video Griffin! I live in canada, what are your thoughts on opening an account in the USA ? would that be a good idea?
@blikstar7830
@blikstar7830 3 жыл бұрын
Hi Griffin, thanks for the video, I would like to know if I sold couple of things as an individual FBA seller on amazon, do I need to pay tax for that and include that small amount in my tax return file
@soleimvni
@soleimvni 3 жыл бұрын
Hey Griffin, awesome video! Would I still need to get an EIN if I fill out a W8-BEN E form? And do I only need to fill out the W8-BEN E form if Im using a US based business bank account? Thanks!
@IntuitivScience
@IntuitivScience 5 жыл бұрын
Thanks, Griffin. I've been blundering around in the dark with my own bank officials for three months. My own bank officials do not seem to know what their employer can, (and CAN'T) do.
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Glad this helped!
@IntuitivScience
@IntuitivScience 5 жыл бұрын
Like you, it's taken me considerable time to work all of this out. It's no wonder that such business opportunities are not taken up by more Canadians.
@ThreeLions82
@ThreeLions82 Жыл бұрын
Thanks for this video bud. I own a Canadian Corporation so I don't want to lose a bunch in currency exchange.
@GriffinMilks
@GriffinMilks Жыл бұрын
Glad I could help
@kristenl922
@kristenl922 4 жыл бұрын
Hi Griffin. Thanks for the content! Was curious how you signed up for FBA at first without being a corporation? Don't you have to be a corporation in order to get an EIN number as FBA requires an EIN number? How did you go about it by selling as an individual at first?Thanks so much again!
@GriffinMilks
@GriffinMilks 4 жыл бұрын
No need for an EIN when opening an account as an individual
@jonathanlee7788
@jonathanlee7788 4 жыл бұрын
Hi Griffin, opening a “personal” US based account - does it matter if you are incorporated or not? Or since it is a “personal” account you you will be taxed as at Sole Prop rate even if you are incorporated. Thanks!
@tsvetelinapeeva8796
@tsvetelinapeeva8796 3 жыл бұрын
Hello, such a great video. Can you please do a video on how you file your taxes and what expenses you claim as Canadain tax resident Amazon seller? You mentioned you are in Quebec, did you registre with Registre des entreprise du quebec as you start selling on Amazon?
@mortezamoradi4407
@mortezamoradi4407 5 жыл бұрын
Thanks a lot. It was very helpful for me. I've never seen or heard anything about it. By the way, I am from Montreal
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Hi Morteza, thanks for watching! I'm really glad the video helped you out. Let me know if you have any questions.
@mortezamoradi4407
@mortezamoradi4407 5 жыл бұрын
@@GriffinMilks Hi Griffin, thanks for your help and kindness.
@hardatwork100
@hardatwork100 4 жыл бұрын
Hello from Ontario ! Great video ! I'm just starting out ..... starting small selling on Amazon.com . (I'm worried about taxes from the CRA) Should I incorporated a certain percentage like 7% to the total price of my selling item on amazon?
@see5840
@see5840 4 жыл бұрын
Could you explain abit about it that what do you mean, please? Because I'm wondering how much we make profit we are going to report!
@brandonawreysalessaskatoon3593
@brandonawreysalessaskatoon3593 4 жыл бұрын
Thanks for this video Griffin. We are getting started with Amazon and this cleared some questions up since I live in Canada. Are you familiar with setting up your sales tax and nexus for all the states for your sales for selling on Amazon USA as a Canadian. Thanks in advance for any advice you have here!
@GriffinMilks
@GriffinMilks 4 жыл бұрын
Setting up tax accounts for every state in the US you sell to is an accounting nightmare and will cost you tens of thousands a year to file. Start with selling, and then pay your corporate income tax in canada through your w8ben-e form.
@brandonawreysalessaskatoon3593
@brandonawreysalessaskatoon3593 4 жыл бұрын
@@GriffinMilks Thanks! I forgot to mention we do have an LLC set up in the USA for this. Is this still your recommendation even if you have an LLC set up? Literally thought it was required to set up an account to sell in the states which is why we did it. Appreciate your advice man! Just found your channel yesterday, went through a couple of your vids and I will be a long term follower 🔥
@GriffinMilks
@GriffinMilks 4 жыл бұрын
@@brandonawreysalessaskatoon3593 Unfortunately I don't have much experience paying taxes to the IRS with an LLC setup in the united states. For that reason, I wouldn't want to give you information out of my realm of knowledge. That said, you could have used a Canadian corp to sell on Amazon.com. Canada and USA have tax treaties that can help you in this situation. I really hope you find success in your Amazon business Brandon. Good luck!
@brandonawreysalessaskatoon3593
@brandonawreysalessaskatoon3593 4 жыл бұрын
@@GriffinMilks All Good! Thanks for all your other advice and this video 👍
@jasonk1746
@jasonk1746 Жыл бұрын
Thanks for the video and tips. What did you use for your LLC? I am currently looking for the best place to use that is both cost effective and reputable.
@kidestj324
@kidestj324 4 жыл бұрын
Hi Griffin, Could you please create a video on how to file corporate income tax for amazon.com sellers? Just started on one product and would like to file it myself. thank you
@goviemames1015
@goviemames1015 4 жыл бұрын
Great video, though I do have one question. I am a Canadian looking to sell on amazon.com. I have a Business number but for buying wholesale when redistributors ask for a tax sale permit or reseller permit which state do I use for my first one? I can't determine the state FBA will chose for a warehouse until the order is made, but cannot make order till I have a tax sale/resellers permit.
@Oscarzub
@Oscarzub 3 жыл бұрын
Amazing info. it's rear. not available anywhere Thanks alot Griffin
@Acetopgun77
@Acetopgun77 5 ай бұрын
Awesome video! thanks for this info, any additional information about getting a US business Credit card?
@GriffinMilks
@GriffinMilks 5 ай бұрын
Glad it was helpful! Generally, you need a US adress to get a US credit card
@zabihafaryabi9032
@zabihafaryabi9032 4 жыл бұрын
It took me a month to learn all of this on my own even though I have bought an expensive course that's supposed to clarify all this perfectly but its very general. I wish I came across this earlier, but at least you have confirmed everything I have learned so far. Thank you!
@shaunscullion8364
@shaunscullion8364 4 жыл бұрын
Hi Griffin, I'm opening a USD based BMO Harris business account right now. The salesperson told me that we cannot apply for a credit card in the US, though. However, he did tell me that in the US, a debit card can also be used as a credit card, as long as the full amount is in the bank account prior to the transaction. However, I am skeptical about that as I did not mention I want to pay suppliers this way. Is that how this works? TIA
@AndyDLee
@AndyDLee 5 жыл бұрын
Hey quick question. I used personal borderless plan with TD and it got bounced once. I am attempting to try it again but according to this video, since it is a cross banking account, it shouldn't be a problem right?
@GriffinMilks
@GriffinMilks 5 жыл бұрын
It should not be a problem, however make sure your account is actually physically located in the USA. I’ve had it bounce before, and that was the problem. You need an account with TD North America
@jixwebb67
@jixwebb67 3 жыл бұрын
Hey Griffin, I am in Canada. Now would you know if IP Accelerator works in Canada too? Like While your trademark is being file and pending, can you be registered in Brand Registry? or you have to wait 12-18 months.
@benoyp1
@benoyp1 5 жыл бұрын
Hi Griffin, As a Canadian selling on amazon.com, do we need set up tax collection in in seller central
@GriffinMilks
@GriffinMilks 5 жыл бұрын
Hi Benoy, no you do not. If you have any other questions don’t hesitate.
@bestdeals7076
@bestdeals7076 5 жыл бұрын
I've one question Griffin, does Amazon send a yearly sales report to Revenu Canada (for canadians) or it's me who should do that with my annual revenues declaration
@GriffinMilks
@GriffinMilks 5 жыл бұрын
No they do not. File it yourself as extra revenue if personal or corporate income if you have a corp
@bestdeals7076
@bestdeals7076 5 жыл бұрын
@@GriffinMilks Thank you very much again, c'est très apprécié :)
@gabara76
@gabara76 4 жыл бұрын
Great information, I have a question regarding shipping your products from China, what the best and cheaper way if doing it , shipping it here in Canada by sea or shipping it directly to amazon Fba ?
@seoyoung_dainhwang3845
@seoyoung_dainhwang3845 3 жыл бұрын
Hi Griffin, Quick question for you. I heard that even if you are selling as a sole-proprietorship, you are not allowed to use personal US based bank account because they can see all the transactions (Amazon, Alibaba, etc...) are not "personal" use. I am not sure personal US bank accounts can be used for Amazon business or not. Please leave me a comment about this. Thank you!!!
@ericwang9997
@ericwang9997 4 жыл бұрын
Hey Griffin, is it possible to set up Amazon Pay for another eCommerce website as a Canadian, besides the options look like to be for Americans only?
@vincenzomalnati
@vincenzomalnati 3 жыл бұрын
i see the Habs building lol. Also from south shore MTL
@qaissahel1842
@qaissahel1842 4 жыл бұрын
Hey Griffin, if I have a corporation in Canada and sell Amazon FBA and do not sign a W8 form (the form that tells the IRS I will be paying tax in Canada), does this mean I will have to pay tax to the IRS? My funds are going into Payoneer (an online US-based bank). Are you still using BMO Harris? If so, what are the pros and cons?
@francoisfournel5586
@francoisfournel5586 4 жыл бұрын
Hi! (also from Quebec), very nice video! I do FBA and FBM and both in US and Canada. My business is increasing so I have to register. Canadian part of taxation, its pretty clear to me. US part, not at all. - Do I have to collect and repay taxes to the US? Amazon use the Marketplace Facilitator Tax but not for all states. Do I have to collect anything and give back to the IRS? What are my obligation with the US? Thanks in advance.
@gabriellaflamme1283
@gabriellaflamme1283 Жыл бұрын
Hi I'm from Quebec too and I have question about Us import how does it work? Can you send me a message? I will really appreicated it
@Lion95
@Lion95 4 жыл бұрын
Hey bro, as a Canadian do I need to get an EIN? And also, where did you get General Liability and Product Liability Insurance from?
@atulbhushan5022
@atulbhushan5022 3 жыл бұрын
Great Video. Have one question regarding the FBA setup. Being in Canada but selling on Amazon.com, should I open the Amazon account on Amazon.ca or Amazon.com. Also, Can I link a US BMO harris account to a Amazon.ca seller account?
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