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New Member
posted Apr 4, 2023 6:22:11 PM

What is the new industry code for selling used merchandise

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1 Replies
Level 3
Apr 5, 2023 9:34:19 AM

Use the following process to find your industry code:

  1. Visit the website for the North American Industry Classification System (NAICS)
  2. Select the code that most closely represents your work. The page will then refresh with a new set of codes
  3. Continue selecting codes to narrow down your specific area of expertise until you reach a page containing six-digit codes
  4. Choose the code that most closely represents your work, and use that as your industry code

Note: If you have income from self-employment or if you own a small business, you'll also need to enter a six-digit industry code into your tax return (the CRA’s NETFILE service will reject your tax return if you use an incorrect or outdated code). Some sectors, sub-sectors, industry groups, and industry categories include an item that belongs with “Other.” You can choose that code if you're unable to find a code that's directly relevant to your scenario

 

Please visit, TurboTax FAQs page: What is my industry code?

Canada Revenue Page (CRA) page: North American Industry Classification System (NAICS) Canada 2022 Version 1.0

 

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