do i need to upgrade to turbo tax self employment if i do a side business with ebay?

Forum|Forum|1 month ago
May 1, 2026
1 reply
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Have a full time job but sell items on ebay on the side. profit is very little

brenda_watson

Level 6

Yes, if your eBay sales are considered a business (even a small side business) by the CRA, you generally need to upgrade to TurboTax Self-Employed (or the desktop "Home & Business" version) to properly report your income and deductions.

Why You Need to Upgrade

T2125 Form Required: To report side-hustle income, you must file Form T2125 (Statement of Business or Professional Activities), which is not available in the basic/standard TurboTax products.
Deducting Expenses: Upgrading allows you to deduct eBay fees, shipping costs, and the cost of items sold, which is essential if you want to lower your tax liability on that small profit.
CPP Implications: If your net profit exceeds $3,500 for the year, you must pay CPP on that income.
CRA Data Sharing: eBay is now required to report seller data to the CRA if you exceed $2,800 in sales or 30 transactions.

Thank you for choosing TurboTax.