How much tax do I have to pay Canada Revenue Agency?

[pokemoncookie]

Hi everyone,

I sell my personal things on ebay as a hobbyist. Last week, ebay told me that it had submitted a 2024 digital sales report to CRA because I sold more than $2800 last year. My annual sales summary is shown below.

Total number of transactions = 16
Total transaction amount = $4,072.00 CAD
Total fees = - $592.19 CAD
Gross refunds = $0.00 CAD
Total taxes = - $364.55 CAD
Net adjustments = $0.00 CAD
Consideration = $3,115.26 CAD

Based on the information above, how much tax do I have to pay CRA?

Thank you for your help.

[msau4301]

The amount of taxes you have to pay depends on your total income from all sources. If this was your only income you would not pay anything - the basic personal exemption is around $15,000, you can make up to that amount with no tax. But if you have another job (jobs) that amount is added to your income and depending on what bracket you were in tax would be at that rate.

Also keep in mind the $3,115 (after eBay's expenses/fees) would be less because you can deduct your selling expenses - packing supplies, mailing/shipping costs, etc. so the amount would be less still.

Everyone's tax owing amount is different depending not only on how much they sold here, but on the total income from all sources. 

[phc64]

It appears that the OP sold only what the CRA calls 'personal use property'. As long as nothing was sold for more than $1000, gains on sales of PUP do not have to be reported and are not taxable.