Etsy Taxes Canada Everything You Need to Know about GST HST Tax on Etsy for Canadians
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- เผยแพร่เมื่อ 9 เม.ย. 2024
- In this webinar-style video I review everything you need to know as a Canadian Etsy seller about PST/RST/QST/GST/HST tax on Etsy Canada and what to know about collecting and remitting tax on Canadian Etsy sales. I also review Etsy Tax Statements, including what taxes Etsy charges Canadians to use their platform and services, which may be useful for tax credit.
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so glad I came across your channel!
you're a LEGEND!! thank you for doing this.
Thank you !!🙇♂️
These videos are very helpful. Thanks you!! ❤❤❤❤
Thanks for posting this. I really appreciate it. Question for you... can you opt to not get a GST # and let Etsy continue to collect & remit on your behalf?
I wish! But if you do $30,000 in sales within a 12 month period you’re required to register for GST
They apparently submit the remitted taxes on your behalf but i have no proof they pt anything into revenue Canada... i am late submitting taxes because of them, they can't even tell me where thatnmoney is now. Im under $30 000. It feels like they are a scam to me... seems like they keep the tax
If I exceed the 30k threshrol and register for a GST number as legally required, do I have to input that Tax ID number into Etsy? I can't find an answer on Google as to if its required to add one to Etsy
I got a GST number last year but forgot to put it on my Etsy account. So Etsy collected gst from Canadian buyers last year. How do I verify the GST was collected to CRA or should I just pay the gst myself to CRA?
Uh oh, that’s a super tricky one! I’d call them and explain your situation. It’s likely you won’t have to pay but you’ll need to find out how to report your revenue as being exempt or zero rated. They may even have some special thing you fill out if your taxes were collected and remitted by a third party?
Hey! Thanks for this info. Just looking to clarify something and had a question. I’m Canadian and new to Etsy…I only want sell in the US. How does that work?
go into your shipping settings and remove any shipping to canada!
@@fitkittytries thank you!
@@stephanieseymour8671 this is a good idea. i'm tempted to do only sell in the states also so I don't have to worry about all this paperwork for doing business in Canada.
gosh, someone please help. I hit 30k in sales back in November, since then I've done a additional 93k. I use a print on demand service so ALOT goes into production. I had no clue once you hit 30k in sales you have to register yourself as a business and charge people tax. I never did that. I don't have a GST number and I don't charge people GST.
So, now I'm very scared and confused if i owe the CRA 12% of my sales from the point i hit 30k, or if etsy has just been handling that and charging people the whole time and I'm ok. I haven't submitted a GST number to Etsy as i said i dont have one, so the whole time they should have been charging tax for me, right? Also, most of the sales i make are in the US if that matters.
To anyone who reads this, thank you, and please help me if you can. I would really appreciate it.
Good thing you sell on Etsy cause they’ve totally taken care of it for you since you didn’t put a GST number but technically yes, you’re supposed to register.
I know it happens fast with print on demand even if you don’t take home that amount that’s still great your designs are selling!
@@fitkittytries What a relief. Thank you for this video and replying, and I wish you and your shop the best :)