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April 5, 2023
Question

What is the new industry code for selling used merchandise

  • April 5, 2023
  • 1 reply
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    1 reply

    April 5, 2023

    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industry code into your tax return (the CRA’s NETFILE service will reject your tax return if you use an incorrect or outdated code).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

     

    Thank you for choosing TurboTax