IMPORTANT! If you are a Canadian Seller on Ebay then you NEED to watch this Video

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IMPORTANT! If you are a Canadian Seller on Ebay then you NEED to watch this Video

Рет қаралды 14,012

Күн бұрын

💬 Let us know what you think of this video in the comment section below!
Canadian Sellers on ebay have a new hurdle to go over. The Canadian ebay sellers tax effective on July 1st 2022.
Pursuant to the guidelines announced in Canada's 2021 Federal Budget and recent provincial sales tax amendments, eBay Canada Limited ("eBay") will be required to collect Canadian sales taxes (GST/HST/QST/PST) on applicable sales to Canada-based buyers.
Effective July 1, 2022, for all sales of tangible goods sold within Canada, eBay will be collecting the Canadian sales taxes (GST/HST/QST/ PST) from Canada-based buyers on behalf of Canada-based sellers (irrespective of registration status) and remitting the tax to the appropriate tax authorities.
For sellers not registered to collect tax with the CRA and provinces, there is no action necessary. You will begin to see sales taxes charged and collected by eBay on buyer purchases beginning in July. eBay collected taxes will also be displayed in your seller reporting as of that date.
For GST/HST and/or QST registered sellers, eBay will be appointed as a billing agent for collection and remittance of Canadian sales taxes where the sales tax laws do not automatically require it. As such, eBay will require completion of billing agent authorization forms. We are sending separate communications for GST/HST and QST-registered sellers with the billing agent election forms.
With this change in sales tax collection responsibilities, eBay aims to alleviate our sellers of the administrative burden to accurately charge and collect sales taxes on taxable sales made through the platform and comply with all applicable legislation. eBay is taking over this responsibility for all sellers - not just those that are not registered - in an effort to simplify the experience for our community. Any questions or concerns about tax collection will be handled by eBay Customer Service. You can also visit our Tax Information page here.
eBay will also be responsible for collection of the Canadian sales taxes on supplies to Canada-based buyers of digitally downloaded goods, including sales from non-Canadian sellers. eBay's User Agreement has been updated to implement these changes and provide for compliance with applicable laws.
Welcome to Matt Cart. Where Me, and my Wife go out to Garage Sales, Thrift Stores, and anywhere else where we can find things to flip onto our eBay store.
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Thank you so much for visiting 👋
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🎥 Welcome to the official KZfaq channel of Matt Cart 🎥
Looking for an easy way to make money? Wondering what products to purchase to make a profit?
💸 Do you dream of making money while you shop?
Perhaps you are curious how to get started, well you are in the right place!
My name is Matt Cart and I provide easy to follow tricks and simple guidelines to flip used products online and make a hefty profit - I answer all the questions you might have when investing in undervalued products for sale from what to buy, how to maximize profit on a budget, where to look and all the in-between. ⭐
🎯 This channel focuses on Nostalgia, collectables, video games, and action figures. I collect, flip, and hunt for all sorts of nerdy needs!
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#ebaycanada #EBay #ebayseller

Пікірлер: 119

@Waifu4Life Жыл бұрын

This is one of the 2 reasons why I stopped selling on ebay (the other being not being able to use Paypal to get funds). The worst part is that a business or individual in Canada does not need to charge taxes if they do less than $30 000 of revenue.

@valindabennett6904 Жыл бұрын

Have you contacted ebay and ask them about this? I know in Manitoba we don't have to collect tax on revenue under a certain amount as well.

@etow8034 11 ай бұрын

@@valindabennett6904 It's automatic, eBay collects taxes for the Canadian Government regardless if the seller has a registered tax number or not.

@highspeeddream3980 6 ай бұрын

This government take money everywhere, but do nothing on something important

@Waifu4Life 6 ай бұрын

@@highspeeddream3980 Like most issues in our country today, I blame Trudeau.

@brandonscott6606 9 ай бұрын

This country is ridiculous. I’ve been looking into reselling as some side income because working 60 hrs a week isn’t enough and now I’m finding out about this. Between the inflated shipping here, taxes on taxes, fees, and just general higher prices on everything you better hope to source items for $5 and sell for $100 to make it worth while after your pie gets fingered by Turdo.

@KK-gi3wt 8 ай бұрын

It's overwhelming the amount of taxes Canada is taking. It is feeling extremely discouraging to do business and make any kind of living.

@BridgeDweller 6 ай бұрын

It's as bad as being taxed on used vehicles here. Every time it changes hands, the government gets a piece.

@highspeeddream3980 6 ай бұрын

one word: jealous

@financial-success Жыл бұрын

man the way taxes work is the most stupid thing all the people should fight to change this and make it way more simple

@BridgeDweller 6 ай бұрын

Sold an item for $30. ebay took $9, that's 30% !! Add my shipping materials and time and fuel. It's not even worth it.

@drewmonroe3747 7 ай бұрын

Hi Matt! I'm looking into ebay to start selling for a p/t sideline. Since you posted this video, did your business pick back up for 2023? I'm kinda on the fence now if I should use ebay to start selling. Hope your doing well and have subscribed.

@sams6098 2 жыл бұрын

Yah..the tax is certainly questionable. Picked up a 20 year old used disc player and had to pay tax. I disagree with this law. Used items sold by private sellers should still be exempt. I have already withheld some buys unfortunately as a result.

@MattCart 2 жыл бұрын

That feeling you get when you realize the amount of times a used item has had taxes applied to it.

@mysty0 Жыл бұрын

@@MattCart GST, the Compounding Tax

@Rithius3485 2 жыл бұрын

What can we do to combat this, lower the prices a bit? They will probably never reverse it

@MattCart 2 жыл бұрын

Lowering the prices might be the only thing we can do or the mass perception is going to have to change and people will just have to agree to pay higher prices

@patrickdurling2712 Жыл бұрын

And another big F-U to sellers is the fact that we are charged eBay fees on the taxed amount. Taxes on taxes on taxes! Yay Canada!

@TravelDiaryByMe Жыл бұрын

on top of you already paid taxes when you earned money which you paying with, most of product used, so second taxes was already paid, and now it's minimum 3rd time you pay taxes plus taxes on taxes on taxes............yaya Canada having little slaves

@Alpha-ms9nj Жыл бұрын

Doesn't Ebay also take their sales fees based on the total? Including shipping? If so that sure as heck is wrong IMO.

@darkstarrone8764 10 ай бұрын

@@Alpha-ms9nj yup, so if you sell a used laptop for 1000$, ship it insured which costs you 60$ and you charge 60$ shipping, the buyer is now automatically chared 1060$+tx (say 15% quebec)= 1,219$. Now even though the "ebay selling fee" is 9% for electronics if you have a store, instead of paying 90$ in fees making a net return of 910$ on ur laptop, you are paying 9% in fees on the whole 1,219$, which comes to 109.71$ in fees, giving you a net return 890.29$ instead now... thieves

@BridgeDweller 6 ай бұрын

@@Alpha-ms9nj they sure do, absolute savages.

@Shinkoification 2 жыл бұрын

Nice coffee time lapse. really smooth :D

@MattCart 2 жыл бұрын

😂

@martinstreasurehunting Жыл бұрын

I do not care if I got to pay tax if i'm getting a good deal on the item. The thing that pissed me off is when I bought precious metals on ebay and they taxed me. They can not charge tax on .999 silver or gold but months ago they were pissing off a lot of people. Now have they corrected that yet I do not know, but not going to buy precious metals on ebay ever again. Cheers hope your sales were good for the holidays.

@MattCart Жыл бұрын

Hope that gets resolved!

@TMGremlin 4 ай бұрын

The fact that the item being sold was already taxed is illegal and BS

@helennewalker5221 Жыл бұрын

Ebay is also now charging tax for american buyers which is wrong. I've been tossing the idea of listing on another platform as Ebay with the exception of better postal rates than before has done very little for us small sellers.

@sahilgupta0181 Жыл бұрын

They are really bad..they are charging 13% ontario sale tax + PST (provincial sales tax) for Quebec as well.

@MattCart Жыл бұрын

It’s getting tough here in Canada. Most of my sales are now going to the US because of these changes.

@philipchen4765 Жыл бұрын

it's time for small seller to leave ebay. is that right? especially, for selling "old or 2nd used items"seller, this new policy is not good .

@MattCart Жыл бұрын

It’s definitely getting tougher out there especially in Canada

@philipchen4765 Жыл бұрын

@@MattCart thanks. i left ebay for long time. i thought to go back on ebay and make small money one year ago , luckily, I didn't really do that.

@mylifejourney74 Жыл бұрын

No. Amazon does the same thing.

@dale3869 Жыл бұрын

This is what happens when you vote liberal.

@giorgiocisilino4874 Ай бұрын

our government has screwed us to the max with taxes, yet so many large corporations hide their monies in offshore accounts and pay little or no tax, and the CRA stated it's too hard to go after them for taxes but far easier to put the squeeze on average CDNS, as for free trade that was just a myth. As when a person buys a small 10-dollar item, with exchange and shipping fees to Canada often cost almost 50 bucks or more which is utterly ridiculous! Yet one spends 50 bucks or more from Amazon there's free shipping, but Jim Bezos owns amazon and has offshore accounts in those tax havens like Bermuda, US Virgin Islands other tax havens certainly not right or fair.

@darleneaitken1620 Жыл бұрын

Figured this would come.

@stevenarseneault1972 Жыл бұрын

Sooo....Ebay collects taxes on behalf ofntye seller for an product that Ebay never owned......there must be a legal term for someone that does this. If Ebat charged a fee for their services and chsrged taxes on their service that would be understandable. Their interpertation of these new Canadian laws seems to be.....misinterpreted. That or federal governments are getting desperate to pay off debt. I saw somewhere that this new law was put in place to stop personal sales with mass items sales such as a store not having to charge and collect tax. Charging one person selling one used item and collellecting taxes when the seller is not a business and does not have a tax number......questionable.

@chado468 Жыл бұрын

amazing info, thanks so much i have stacks of older games i want to sell and I was wondering/worried about how Taxes are applied to this process.

@MattCart Жыл бұрын

Glad I could help!

@christopher-gardner Жыл бұрын

Reselling is going to die off at this rate, the profit just won't be there anymore

@biblebeltpickers 2 жыл бұрын

Drinking that pour over coffee. My kind of guy hahah!

@6poundsoft Жыл бұрын

I just pulled all my auction items. I sell and trade collectibles . Some items very low value but all in all a great way to network . An item i sold was Gst taxed 3.50 for 20.00 in value and shipping is 11.50. My "profit" which is zero as i paid full value plus tax originally and now see negative losses. Ebay allows small sellers to recoup value on used items. Now being "taxed" equals ebay accumulation of more funds at the sellers and buyers expenses used item which have been previously taxed should be exempt . But i just pulled 140 items off and cannot sell any longer on ebay. Basically the amount i sold will not even pay for my time, supplies, or energy. Its really unfortunate to the community.

@BridgeDweller 6 ай бұрын

It is absolutely disgusting

@LowWay.canada Жыл бұрын

why the hell are us canadians putting up with this, they can just keep taxing our items over and over again, its rediculous

@dontask8686 Жыл бұрын

Because we're too complacent. We have it just good enough not to uprise and do something about our out of control Government.

@user-oe1xq8sx1q 11 ай бұрын

welcome to trudeaus canada, endlessly taxed, cost of living rising, quality of life decreasing

@giorgiocisilino4874 Ай бұрын

we have become sheep to be fleeced by our corrupt government. Back in the day unions were started to protect the workers from the rich companies but the only time we CDN rose up was with a trucker convoy over the mandatory covid shots, when that happened the whole country should of rose up and then they would have taken notice and forced them to make changes to the laws and taxation. Even in ancient times Roman emperors kept the plebians occupied with free bread and circuses and knew when the mob rose up the emperor's head would roll. In India the farmers rose up against an unfair law and were shot at and beaten by the police and army and eventually the government did not implement that law only because of the mass of farmers fight back. Things like this has happened in other countries and we need to show the government we are not happy as most cannot even afford to live and future generations will be burden by excessive debt created by spend happy Trudeau.

@INTHESTUDIOLifeartistically Жыл бұрын

Thanks Matt for the great video. Greetings from Montreal!

@MattCart Жыл бұрын

Cheers! Glad you’ve enjoyed friend 🙌

@qawqaw1481 Жыл бұрын

great vid , must we still declare the sells we did on top of our year income ??? or nothing to declare since ebay is already taking the taxes when item is sold ??? ty

@etow8034 11 ай бұрын

eBay in Canada is finished the crooks in Ottawa are scraping down to the barrel tells you a lot about the dire strait Canadian economy !

@StoicBarbarian Жыл бұрын

So, you don't have to put away money as the seller to pay taxes on gains from ebay sales or..?

@misteress8008 Жыл бұрын

My question too if Matt ever gets this message... RBC just asked me to declare (within 45 days) american funds, coming from ebay, as it appears i have a business... do i need to incorporate or register as a business and keep track of the profit on every item i sell?

@phil6926 6 ай бұрын

Aren’t PM’s purity of .999 tax free in Canada?

@highspeeddream3980 9 ай бұрын

Governmnet collect lots of taxes , but do nothing

@BridgeDweller 6 ай бұрын

Hey, now, they're sending all that dough to support foreign wars. Such a great cause.

@strengthBeyondStrengthForever Жыл бұрын

I’m confused. I thought if under 30k, the seller is not required to report or pay tax. But now if tax is being charged to buyers, do sellers have to report regardless of how much they sell?

@ThrifterGuy 9 ай бұрын

This is not tax advice. Only my experience. You don't have to charge HST if u sell less than 30k but u have to claim any and all ebay sales like u would any other income. Even if it's a 100 for the year. You can write some things off but u definitely need to claim the money you make as with anything else in Canada.

@randysmith7094 Жыл бұрын

This absolutely blows. It's not right. Say I bought some second hand item for $50 and resell it on ebay for $100. I'd be lucky to make $10-20 profit after fees and shipping charges. Is ebay going to tell revenue Canada that I made $100? Or $83 after their fee? What a joke! And now buyers are discouraged by tax prices on everything, so harder to sell. And now Canada Post is going up 40% because of fuel, that the government already taxes 50%. So now lucky to break even by flipping something 200%. Absolutely ridiculous!

@giorgiocisilino4874 Ай бұрын

bloody hell it's not fair at all .

@plasmar1 6 ай бұрын

kinda dumb, they are collecting PST on province to province sales; that is I bought a lot of Nvidia P620 videocards from a seller in Quebec and got charged Manitoba PST:S

@rythmjunky5292 4 ай бұрын

The only thing that would put an end to this is if Canadians stopped using eBay.Unfortunately,Canadians are known for complaining and then rolling over and going back to sleep.It's so frustrating.

@antoinebguitar2869 Жыл бұрын

That sucks, we should be able to trade goods between ourselves, we already pay taxes with our jobs, for most of us ebay is just a little side money...

@frankm4158 2 жыл бұрын

Just cliked.... when I order something from ebay since july, there is a "import charge" on everything.... so that is the freaking new taxe charges??? Stopped me from buying on ebay since...

@MattCart 2 жыл бұрын

I can understand. Yeah my store has been pretty much on hold ever since.

@mylifejourney74 Жыл бұрын

Do up a petition and send it to Trudeau.

@lakshithapeiris8335 3 ай бұрын

dont use plastic + hotwater please

@misteress8008 Жыл бұрын

Awesome video Matt. Subscribed.

@MattCart Жыл бұрын

Thank you 🙏

@kermitthefrog6363 Жыл бұрын

Thanks for the video!

@MattCart Жыл бұрын

I appreciate you

@ehss192 Жыл бұрын

Ah another Trudeau nugget for Canadians. As he claims - He's looking after Canadian's best interests.

@BridgeDweller 6 ай бұрын

Well, I mean, he does have canadian family members and friends, so technically, he is looking out for "canadians"

@giorgiocisilino4874 Ай бұрын

lining his pockets and putting money in grandcaymens ,too bad nobody has tried to invade those islands and take their wealth !

@DanishKhan-pu3wy Жыл бұрын

Does the buyer need to pay the tax on the used item?

@Drifting_Pirate Жыл бұрын

Wouldn't it be easier to sell off of Facebook marketplace and skip the middle buisness practices.

@turntablesrockmyworld9315 7 ай бұрын

A lot of items are not really good to sell Marketplace and never/rarely sell. I've noticed this with collectibles. Typically, Marketplace things sell overall for much less as people are looking for deals and to lowball.

@papadekevinjoe4082 Жыл бұрын

I have a product to that I wanna start selling online. I can’t find the guidance on how to set it up or deal with the shipping. If it’s not too much time to do maybe could you make a video on it. If not is fine

@swilhelm3180 Жыл бұрын

There's about a million videos on this already.

@papadekevinjoe4082 Жыл бұрын

@@swilhelm3180 damn okay maybe the one million and one get the most views. Have a great day

@StoicBarbarian Жыл бұрын

For the love of God. Can someone tell me if the taxes that ebay collects for Canadian government means that I don't have to pay taxes on profits from ebay??? Or do I also have to pay taxes again when I do my taxes??

@MattCart Жыл бұрын

That’s only for buyers in Canada. You still have to pay taxes on American buyer sales.

@StoicBarbarian Жыл бұрын

@@MattCart So, if I make 10k from Canadian buyers, I'm in the clear as far as taxes go?

@22hitmen22 Жыл бұрын

@@StoicBarbarian I to am curious about that. Normaly, if the buyer pay taxes it does not mean you dont. I mean, street shop charge taxes but they also have to declade there profite so... !?

@StoicBarbarian Жыл бұрын

@@22hitmen22 yes... nobody can answer this. Lol. Do I still have to put away 20% of profits to pay taxes on top of the sales tax that ebay pays or what?!?!

@darkstarrone8764 10 ай бұрын

I think you are confusing sales tax and income tax. Ebay automatically charges SALES tax on all your sales, regardless of whether u are registered with CRA or not. But You still have to declare your profit and pay income tax on it accordingly, as you would usually.

@brandywinter2532 Жыл бұрын

How many thing are you aloud to post

@marcinmorun 2 жыл бұрын

If I understand correctly, a canadian buyer have to pay taxes if he/she buy's from, let's say, a US seller (even with Global Shipping Program), is that it?

@MattCart 2 жыл бұрын

Nope from a Canadian seller

@mylifejourney74 Жыл бұрын

No. US is exempt. Only Canadian buyers are effected. Hence why Canadian sellers want more US buyers, lol

@KK-gi3wt 8 ай бұрын

Our dollar is shit to USD.Our taxs are through the roof. I feel like our Government hates us.

@BridgeDweller 6 ай бұрын

They love our money but don't a crap otherwise.

@giorgiocisilino4874 Ай бұрын

Used to work at Macmillan Bloedel sawmill which later became Pacifica Papers and then Catalyst paper and the company liked it when our dollar was lower than the US as they made more money selling paper and lumber to the Americans and eventually our mill was shut down and so many became unemployed .Perhaps we should be paid in US dollars just like CDN NHL hockey Players as 15 bucks US is better than 15 dollars CDN. Also, so many things come from US which are manufactured cheaply in China and then sold to us at a major profit.

@wifi_warlord Жыл бұрын

haha I just started on ebay seriously this month. good to know

@MattCart Жыл бұрын

Canadian? It’s still good. You’ll be able to sell. Just take a little longer. Also the recession doesn’t help.

@wifi_warlord Жыл бұрын

@@MattCart Alberta Shipping is a killer though

@victoriaszydlowski7943 Жыл бұрын

Do we have to claim the amount we made at the end of the year? USA has a $600 cut off but what about Canada ?

@wifi_warlord Жыл бұрын

@@victoriaszydlowski7943 best to check with a accountant what’s best for you and situation.

@schizophrantic Жыл бұрын

Seller pays taxes on everything, shipping, final value fee, ebay cut; buyer pays taxes on price and shipping on second hand items? Wtf is going on Canada?

@myeloxilo8686 2 жыл бұрын

Matt I'm proud of you buddy

@MattCart 2 жыл бұрын

Thank you 🙏

@jean-pierrejoubert2438 2 жыл бұрын

Dude your eyes the these thumbnails for eBay buys creep me out lol 😝

@MattCart 2 жыл бұрын

🤣

@Stacia_rose_dennis 3 ай бұрын

this sucks

@DESOUSAB Жыл бұрын

Ebay is dead as far as I am concerned. I've got no desire to pay their fees, and I am not about to pay taxes on used items. It is literally a joke.

@JIndoUnknown 7 ай бұрын

So is it even worth selling on e bay in canada?

@maximus574 2 жыл бұрын

Well at least everyone is on a level playing field having to pay sales taxes. Germany just had something similar go down on there. This same thing happened when the marketplace taxes were implemented in the US. It is what it is. I don't like it but what can we do.

@mysty0 Жыл бұрын

Protectionism, local merchants having a cry

@dontask8686 Жыл бұрын

Band together and make a change or sit back, do nothing, and accept it. The second option seems to be the Canadian way though.

@etow8034 11 ай бұрын

Don;t use them ...eBay will slowly die a slow death !

@davidstein1376 Жыл бұрын

At least 50% of eBay sellers are crooks. That has been my 20-year experience.

@jiladoper2 Жыл бұрын

Imagine NOT knowing how to shop properly for a staggering 20 years and continuously making the same mistake throughout all those years... It's evident that you have a strong desire for that.

@giorgiocisilino4874 Ай бұрын

wonder how much money in Bitcoin is money laundered monies, after all BC had a casino gate money laundering that the former BC premier Christy Clarke was somehow unaware! What was going on?Imagine if you went to your local bank with a garbage bag full of money that they would not call the cops but did not at a casino. which was a daily occurrence?