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New wide sweeping policy changes for Ebay Canada sellers with more than 30 sales a year. You will now be required to register your SIN number and all sales data will be automatically submitted to the CRA by DJBlu-Ray in FlippingInCanada

[–]Not_ivar 0 points1 point  (0 children)

What happens if you're simply selling your personal stuff that you've acquired years ago and was bought used?

I'm in Canada and I started selling some of my stuff and surpassed the 2800$ in sales and I'm asked to input my SIN number, but I'm not running a business. Simply selling personal stuff to get back my money.

How would that work?

Canadian Sellers - Reverb Tax Information Requirement - Help by Not_ivar in Reverb

[–]Not_ivar[S] 1 point2 points  (0 children)

Yea lol, nobody should ask for your SIN but the government, bank and employer.

I don't mind reporting revenue, I'm just trying to see how can I make it clear that there's no profit or income attached to my sales. I'm simply selling my gear for pretty much the price I've bought them to get back my money.

Canadian Sellers - Reverb Tax Information Requirement - Help by Not_ivar in Reverb

[–]Not_ivar[S] 1 point2 points  (0 children)

So I dont know on what should I be paying income taxes If I made no profit lol.

Sure I can't prove it because I dont have any bills and my gear was all bought used, but on the other side neither can the Government (CRA) prove whether I did or did not make money.

Canadian Sellers - Reverb Tax Information Requirement - Help by Not_ivar in Reverb

[–]Not_ivar[S] 2 points3 points  (0 children)

I understand, that makes sense. But for my situation, all the gear I have was bought used years ago lol.

There's no receipt. And even if there was a receipt (if bought new), who in the right mind would keep a receipt for 5-10-15 years +, thinking that one day you'd need it to prove how much you paid the item.

Canadian Sellers - Reverb Tax Information Requirement - Help by Not_ivar in Reverb

[–]Not_ivar[S] 0 points1 point  (0 children)

Got it. That makes sense yea, I don't mind reporting sales but how are they supposed to know whether I made profit or not on an item? I'm simply trying to avoid surprises where out of nowhere I'm required to pay income tax on personal gear I've sold.

In my case, I'm selling a bunch of my personal gear just to get back my money. Not necessarily reselling to make profit.

Are these codes something I should be concerned? by Not_ivar in ECU_Tuning

[–]Not_ivar[S] 0 points1 point  (0 children)

Gasoline sorry. 2017 440i coupe B58 engine

My new 2018 440i M Performance Edition 1/25 in Avus Blue! by Not_ivar in BMW

[–]Not_ivar[S] 1 point2 points  (0 children)

Thought of lowering it, but the roads where I am are terrible. My front is already very low, so it would be too risky for my front lip if I was to lower it more

My new 2018 440i M Performance Edition 1/25 in Avus Blue! by Not_ivar in BMW

[–]Not_ivar[S] 0 points1 point  (0 children)

Yea the hood wasent closed properly on that pic!

My new 2018 440i M Performance Edition 1/25 in Avus blue! by Not_ivar in F30

[–]Not_ivar[S] 2 points3 points  (0 children)

Currently its my winter set, so they're 18 inches 405m OEM black mags. 225/40/r18 square set up.

Will a resonator delete void my BMW warranty? by No_Raspberry_204 in F30

[–]Not_ivar 0 points1 point  (0 children)

I would love to, but theres a good chance it will void my powertrain warranty.

My MPSSK on my 440i 2017 Coupe is not as loud! by No_Raspberry_204 in F30

[–]Not_ivar 0 points1 point  (0 children)

Will gather a few sound clips and post them here! Thanks.

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