Blog › Running the business

Is Reselling Income Taxable in Canada?

1 min read · Running the business

Income from reselling is generally business income and must be reported.

The basics

If you buy goods intending to sell them for profit, the profit is generally business income.

What you can usually deduct

Cost of goods sold, marketplace fees, shipping, supplies and a reasonable share of business-use costs.

Platforms report

Online platforms operating in Canada report seller information to the CRA.

Keep records

See record keeping and receipts.

Get advice

An accountant will pay for themselves in the first year.

General information for resellers, not financial, tax or legal advice. Marketplace fees and policies change; check the current rules before you buy.

Find clearance deals without checking every store yourself

Retail Arbitrage Canada scans Canadian store clearance pages, flyers and deal forums and shows the brand-name items that clear your profit and ROI rules.

Start a free trial

Keep reading

Running the businessSole Proprietor or Corporation?

The trade-offs between operating personally and through a corporation.

Running the businessOrganizing Inventory at Home

A small space works if every item has a place and a label.

Running the businessShipping Supplies Every Reseller Needs

A short list of the supplies that cover most reselling needs.