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In Canada, when you sell the type of things you usually sell at a garage sale, it triggers the "personal use property" rules. It essentially removes any profit
by Naga 6y ago
In Canada, when you sell the type of things you usually sell at a garage sale, it triggers the "personal use property" rules. It essentially removes any profit from items as long as they are under $1000, so you're safe selling stuff at a garage sale without tax implications.
- cperciva 6y agoBTW that's true of income tax but not necessarily true of sales tax. Rules vary across the country but I've read about people getting in trouble for not remitting provincial sales taxes on garage sales. (There's no GST/HST issues since (a) "used goods" are generally exempt, and (b) almost everyone running a garage sale falls under the "small supplier" rules < $30k/year.)