Skip to main content
March 12, 2022
Question

How do you claim auction fees?

  • March 12, 2022
  • 1 reply
  • 0 views
I purchase merchandise that I re-sell at auctions.  There is always a buyer's premium.  Do I just include this in the cost of goods sold?

    1 reply

    April 21, 2022
    Yes, you can include this as the Cost of Goods Sold. 
    For more information please refer to the following Canada Revenue Agency (CRA) article:

    Thank you for choosing TurboTax