Can Canadian businesses open a US Amazon store?

Yes, they can open!

Earlier, you required to open an individual Amazon seller account for each Amazon marketplace: one account for amazon.co.uk, another for amazon.com, another for amazon.ca, and so forth.

Fortunately, today Amazon gives an NAUA (North America Unified Account) with which you are automatically set up to sell in all three North American marketplaces: the US, Canada, and Mexico. By using the same account, you can manage your listings in all these marketplaces.

Fees & taxes when importing to the US:
If you are fulfilling your orders yourself, you will have to deal with US imports every time you get an order there. In fact, you will likely still have to deal with US importing laws even if you do FBA (Fulfilled by Amazon), as you have to send your merchandise off to one of Amazon’s US warehouses.

In one way or another, you may discover yourself needing to reimburse a range of taxes and fees, which can differ widely depending on what you are importing, where it is going, how much of it there is, and so forth.

For more information on US income tax for Canadians with US Amazon Store, click here.

This information is meant to be for the readers who are trying to get a first-hand overview of operating an Amazon store. The information presented in this post is very basic and not sufficient enough to make an actionable decision. As an Amazon Seller, you must assess your income tax and sales tax collection obligations, or consult a professional tax accountant.

Source: https://medium.com/@fatima_12528/how-to-start-an-amazon-store-from-canada-b833aade8822

Comments

Post a Comment

Popular posts from this blog

Canada: The New and Trending R&D Hub in the World

Image
 Not sure where to set up your research centre? Canada might be your go-to. For a while, Silicon Valley in the United States has been a Research and Development hub in the World. But, it may no more be the same. Bloomberg's September 2020 report emphasizes the problems with R&D incentives in the States and why businesses are moving their R&D centres to Canada. But why are foreign businesses setting up their R&D centres in Canada? Canada offers generous R&D Tax Incentives. As a young entrepreneur, setting up a business is no easy feat, but if it's in Canada, you're in for plenty of benefits. By international standards, Canada provides the most attractive R&D treatment. Though the U.S. is one of the top tech hubs since the tax systems are not so generous as that of Canada, there is a drastic shift and a new trend in the way businesses are setting up their R&D centres. Factors such as high business taxes, corporate culture, cost of living, and vari...
Read more

Top Things to know Before Moving to Canada

Image
Canada is a top immigration destination for people across the world; both from developing and developed countries. There are many positive sides to immigrating to Canada. One of the areas where all the new immigrants dread while coming to Canada is “Income Taxes”! Yes, individual income taxes or personal income taxes, are extremely high in Canada as compared to the neighbouring United States. This is even higher for those coming from the middle eastern countries with no income taxes at all. So if you are moving from a country where there are no income taxes such as the United Arab Emirates or other gulf countries, you must prepare yourself to start paying income taxes. You can take a couple of steps before immigrating to Canada such as: 1. Establish your date of change of residency. Tax residency and immigration residency are two different things. 2. Try to realize Capital gains before the date of immigration. If not, arrange for the fair market value of all of your assets as of...
Read more

Do I Need to Report Foreign Rental Income in Canada?

Image
Are you confused about Canadian Income Tax Rules? Should you be reporting your foreign rental income in Canada? Well, let us find out. Regarding reporting rental income for Canadian income tax purposes, foreign and domestic rental income are regarded equally. A Canadian taxpayer must therefore reveal all of their worldwide income. What if the cost of foreign properties is more than $100,000 CAD? Then you must fill out the T1135 form, which is also known as the foreign income verification statement. Continue reading to learn more.     How to Report Foreign Rental Income? • To report your foreign rental income while filing income tax returns in Canada, fill out the T776 Form, also known as the Statement of Real Estate Rentals. • Keep in mind that your international rental income must be reported in Canadian dollars • To avoid double taxation, income taxes paid to the foreign jurisdiction on rental income can be claimed as a foreign tax credit on the taxpayer's Canadian incom...
Read more