on Jan 21, 2016 @ 10:53 am|
If any of you have had experience registering an Etsy store or an online business with the purpose of selling across Canada and Internationally, I would appreciate any advice concerning how you went about doing this.
On the same note, if any of you have a blog that brings in a pretty steady income from either affiliate programs, advertising, or the selling of a product or service, did you have to register your blog as a business?
Lastly, how did you claim your earnings for income taxes?
Thanks in advance for your responses!
|. on Jan 21, 2016 @ 12:06 pm|
Sorry I don't have a clue .. hopefully someone else will help
|. on Jan 21, 2016 @ 01:33 pm|
I'm in the same boat, I always worry about that stuff. I asked my husband (who's Canadian) and he told me you have to earn over 20,000 a year before declaring or something high like that so he said don't worry about it just now, haha.
|. on Jan 21, 2016 @ 02:04 pm|
Thanks just the same martac!
|etsy on Jan 21, 2016 @ 02:10 pm|
@wonderwhatif.... Maybe we can help each other then! I just read on Etsy that the threshold is $30,000 until you can charge sales taxes and ultimately declare it. I'll leave you the link so you can follow the conversation I read.
So, if I understand correctly, if you make less than $20,000 - $30,000, you don't need to give your accountant any information to file income taxes. Is this right?