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Question: Dropshipping and taxes

Discussion in 'Making Money' started by Notadouche, May 30, 2017.

  1. Notadouche

    Notadouche Newbie

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    Hey guys,

    I am using one of the methods suggested about making a Shopify Store and dropshipping from Aliexpress.

    I was wondering: Are you guys all declaring your profits and paying taxes on them?

    I live in Canada and I dropship from China to US. Customers pay either through Shopify or Paypal so there are traces of them taking a percentage of my sales... Just curious if there is a way around this or if I should be reinvesting/saving half my profits.

    Thanks.
     
  2. esketit

    esketit Newbie

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    Not sure myself, but I think mostly it depends on your total revenue.