Question: Dropshipping and taxes

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.

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