Redisplay Messages: Compact | Brief | All | Full Show Messages: All | Without Replies| Author: | Nubs_Select  | | Posted: | Mar 8, 2023 02:39 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 35 times | | Topic: | Taxes | |
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| In Taxes, wildchicken13 writes:
| | In Taxes, Nubs_Select writes:
| | didn't they speed the process up?
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Yes, you can now get positive feedback by asking in the forum
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Nah that was patched with the latest update at the same time they patched the
goblet exploit
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| Author: | wildchicken13 | | Posted: | Mar 8, 2023 02:31 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 34 times | | Topic: | Taxes | |
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| In Taxes, Nubs_Select writes:
| | didn't they speed the process up?
|
Yes, you can now get positive feedback by asking in the forum
|
 |
| Author: | Nubs_Select | | Posted: | Mar 7, 2023 16:19 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 38 times | | Topic: | Taxes | |
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| In Taxes, Micheal_m writes:
| | In Taxes, Nubs_Select writes:
| | In Taxes, Micheal_m writes:
| | In Taxes, Nubs_Select writes:
| | In Taxes, Micheal_m writes:
| | In Taxes, Micheal_m writes:
| | In Taxes, SylvainLS writes:
| | In Taxes, Micheal_m writes:
| | Lol ya that's fine and dandy. I'm not a store selling the to public,
I'm a private citizen selling to another private citizen. Not a store or
registered business. Even if i was a registered business un canada im pretty
sure i do not have to collect hst if revenues are Under 30k. Dont quote me on
the amount. That may be different.
|
So, where did you see that BrickLink would make you collect taxes if you don’t
have to?
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I thought I read about a new process for canadian sellers having to cover the
hst tax for buyers outside of Canada for income taxes purposes. Implemented in
Nov 2022. I have to try and fi d the link
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Dammnit now I can't find it. Lol ill post when I do.
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Pretty sure you don’t have to worry about tax at all if your just a small store.
Much less so for selling to non canadiens. Any taxes for International stuff
like that is the Byers responsibility not the sellers so you should be good.
Also I can’t say I’ve ever heard of having to charge say Canada tax for a (for
example) New Zealand buyer (that was a difficult word to spell  )
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Right carry on per normal. Hence why I thought what I read was crazy. Maybe a
I had a few to many last night and made it up.very possible too. Lol
|
and a plus (not sure if I'm just lucky or its a Canadian thing) the
CRA is pretty friendly. I've had to call them multiple times and I would
vote them the best and friendliest tax people on the planet
|
Bahaha. I can feel the sarcasm thru my phone screen. To funny.
|
the funny thing is I'm not even joking every encounter I've
had has been amazing (excluding the multiple audits ) and they are always able
to answer questions and get things setup and ready
|
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| Author: | mmattt | | Posted: | Mar 7, 2023 15:51 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 32 times | | Topic: | Taxes | |
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| In Taxes, Emporiosa writes:
| | In Taxes, wildchicken13 writes:
| | In Taxes, Micheal_m writes:
| | So new to this site, and I have several classic full sets I'm looking to
sell. What is the deal with Canadian sellers having to pay hst for the buyer
outside of Canada?
This make no sense to me. I'm not a retailer, I'm a guy just trying to
sell some lego. What's the deal?
Maybe there is a link somewhere someone can post for me please?
Seems pretty ridiculous to me.
Thanks in advance
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Canadian sellers don't have to pay taxes
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Yes they do on their seller fees. As of Nov 2022.
https://www.bricklink.com/help.asp?helpID=2555
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Ah yes see this is what I was talking about.
|
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| Author: | mmattt | | Posted: | Mar 7, 2023 15:44 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 31 times | | Topic: | Taxes | |
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| In Taxes, Nubs_Select writes:
| | In Taxes, Micheal_m writes:
| | In Taxes, Nubs_Select writes:
| | In Taxes, Micheal_m writes:
| | In Taxes, Micheal_m writes:
| | In Taxes, SylvainLS writes:
| | In Taxes, Micheal_m writes:
| | Lol ya that's fine and dandy. I'm not a store selling the to public,
I'm a private citizen selling to another private citizen. Not a store or
registered business. Even if i was a registered business un canada im pretty
sure i do not have to collect hst if revenues are Under 30k. Dont quote me on
the amount. That may be different.
|
So, where did you see that BrickLink would make you collect taxes if you don’t
have to?
|
I thought I read about a new process for canadian sellers having to cover the
hst tax for buyers outside of Canada for income taxes purposes. Implemented in
Nov 2022. I have to try and fi d the link
|
Dammnit now I can't find it. Lol ill post when I do.
|
Pretty sure you don’t have to worry about tax at all if your just a small store.
Much less so for selling to non canadiens. Any taxes for International stuff
like that is the Byers responsibility not the sellers so you should be good.
Also I can’t say I’ve ever heard of having to charge say Canada tax for a (for
example) New Zealand buyer (that was a difficult word to spell )
|
Right carry on per normal. Hence why I thought what I read was crazy. Maybe a
I had a few to many last night and made it up.very possible too. Lol
|
and a plus (not sure if I'm just lucky or its a Canadian thing) the
CRA is pretty friendly. I've had to call them multiple times and I would
vote them the best and friendliest tax people on the planet
|
Bahaha. I can feel the sarcasm thru my phone screen. To funny.
|
|
| Author: | mmattt | | Posted: | Mar 7, 2023 15:41 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 23 times | | Topic: | Taxes | |
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| In Taxes, Emporiosa writes:
| | | | Michael - if I'm understanding you correctly, are you purchasing from outside
of Canada? If so, please be aware that you're likely still going to need
to pay CBSA import for the taxes anyways. If you're buying from within Canada,
many stores do also collect and remit taxes as required. Smaller stores under
the $30K threshold you identified may not have to.
|
Actually re-reading your original post (I was comment more about the follow ups
you had posted as it sounded like you were buying on the site but outside of
Canada).
Sellers in Canada do not pay for HST for buyers outside of Canada... or perhaps
I misunderstood what you mean. When marketplace tax does roll-out, it's not
sellers responsible for this tax in any way. BrickLink will automatically tax
all Canadian buyers on purchases they make on the platform, and not just from
Canadian sellers. So if you're in Ontario and you purchase from the US or
EU, you'll still pay tax, but in theory you wouldn't pay taxes again
on import.
This process already exists for other countries like EU/US. So when a buyer from
the US buys from my store, the invoice automatically adds a US sales tax for
their state. When the payment comes in from PayPal or Stripe, it automatically
strips out the tax part to send to BL for remittance. As a seller, there is nothing
you do.
The only tax a seller has to pay is on their seller fees (as mentioned in the
above thread and by other folks).
|
Ah ok cool. This is the info I'm looking for. Duty and import fees I'm
aware of when purchasing. It was the bricklink fee component for canada I must
have misunderstood.
|
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| Author: | Nubs_Select | | Posted: | Mar 7, 2023 15:31 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 29 times | | Topic: | Taxes | |
|
| In Taxes, Micheal_m writes:
| | In Taxes, Nubs_Select writes:
| | In Taxes, Micheal_m writes:
| | In Taxes, Micheal_m writes:
| | In Taxes, SylvainLS writes:
| | In Taxes, Micheal_m writes:
| | Lol ya that's fine and dandy. I'm not a store selling the to public,
I'm a private citizen selling to another private citizen. Not a store or
registered business. Even if i was a registered business un canada im pretty
sure i do not have to collect hst if revenues are Under 30k. Dont quote me on
the amount. That may be different.
|
So, where did you see that BrickLink would make you collect taxes if you don’t
have to?
|
I thought I read about a new process for canadian sellers having to cover the
hst tax for buyers outside of Canada for income taxes purposes. Implemented in
Nov 2022. I have to try and fi d the link
|
Dammnit now I can't find it. Lol ill post when I do.
|
Pretty sure you don’t have to worry about tax at all if your just a small store.
Much less so for selling to non canadiens. Any taxes for International stuff
like that is the Byers responsibility not the sellers so you should be good.
Also I can’t say I’ve ever heard of having to charge say Canada tax for a (for
example) New Zealand buyer (that was a difficult word to spell )
|
Right carry on per normal. Hence why I thought what I read was crazy. Maybe a
I had a few to many last night and made it up.very possible too. Lol
|
and a plus (not sure if I'm just lucky or its a Canadian thing) the
CRA is pretty friendly. I've had to call them multiple times and I would
vote them the best and friendliest tax people on the planet
|
|
| Author: | peregrinator | | Posted: | Mar 7, 2023 15:24 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 33 times | | Topic: | Taxes | |
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| In Taxes, Micheal_m writes:
| | So new to this site, and I have several classic full sets I'm looking to
sell. What is the deal with Canadian sellers having to pay hst for the buyer
outside of Canada?
|
The buyer pays the sales tax (USA) or VAT (EU). PayPal charges a small fee for
processing the sales tax/VAT payment (so, I assume, does Stripe) and that will
come out of your funds. But just the processing fee - the tax that the buyer
pays in will also come out.
|
|
| Author: | legoman77 | | Posted: | Mar 7, 2023 15:19 | | Subject: | Re: Please explain taxes for Canadian sellers | | Viewed: | 44 times | | Topic: | Taxes | |
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| In Taxes, Micheal_m writes:
I found these explanations of our tax system. Probably the same in Canada.
"The primary requisite for any new tax law is for it to exempt enough voters
to win the next election.
Ambition in America is still rewarded . . . with high taxes.
It’s hard to believe America was founded to avoid high taxation.
Drive carefully. Uncle Sam needs every taxpayer he can get.
There is no child so bad that he/she can’t be used as an income tax deduction.
A fool and his money are soon parted. The rest of us wait until income tax time.
Everybody works for the government, either on the payroll or the taxroll.
The income tax forms have been simplified beyond all understanding.
Loafing is the only way to beat the income tax.
When making out your income-tax report, be sure you don’t overlook your most
expensive dependent – the government.
If you think you can keep everything to yourself, . . . the IRS doesn’t.
Patriotism will probably never develop to the point of parading in honor of the
“unknown taxpayer.”
A politician is a man who never met a tax he didn’t try to hike.
After all is said and done, the politicians say it and the taxpayers do it.
Regardless of who wins the election they have to raise taxes to pay for the damage.
The best things in life are free – plus tax, of course.
Blessed are the meek for they shall inherit the earth – less 40 percent inheritance
tax.
A dime is a dollar with all the various taxes deducted.
Our beloved country has made remarkable progress. Now politicians have arranged
to spend taxes before they collect them.
A political promise today means another tax tomorrow.
We may need tax reform, but it seems we need a lot of spending reform too.
In Russia the people have only what the government gives them; in America the
people have only what the government does not take away from them in taxes."
I hope this helps.
John P
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| Author: | wildchicken13 | | Posted: | Mar 7, 2023 15:15 | | Subject: | Re: taxes | | Viewed: | 52 times | | Topic: | Taxes | |
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| In Taxes, PieceOfMind writes:
| | I'm surprised Bricklink doesn't create any statements or am I missing
something?
|
I think PayPal creates tax documents, you may have received a 1099-K from them
BrickLink does create statements for seller fees, which you can download from
your fees page
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