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All Forums Category: eCommerce and Online Auction Forums Forum: eCommerce | eBay, eCrater, Heritage, Paypal, Auction Houses, etc.

Paypal / The Canada Revenue Agency Re Online Sellers Heads Up

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Pacificoin
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 Posted 11/13/2017  6:18 pm Show Profile   Check Pacificoin's eBay Listings Bookmark this topic Add Pacificoin to your friends list Get a Link to this Message Number of Subscribers
Years ago ebay lost a Supreme Court Ruling requiring Canadian Power Sellers records be turned over to the Canada Revenue Agency . This affected amongst others many Sellers of Coins, stamps and other collectibles who were trying to fly under the radar.
Now it appears that the CRA are further tightening the noose by forcing PayPal to turn over Canadian Business Sellers information to the CRA.
We all would have received the Email today Nov12/2017.
A gentle suggestion to all of the so-called " I am selling my own collection types or similar " and those not charging GST HST or Provincial Sales Taxes or failing to report income . Do the right thing.
Also if you think" Oh I am not a PayPal Business account " , the court order apparently covers ANY transaction buying or selling from a PayPal business account holder . So good luck all!
Edited by Pacificoin
11/13/2017 6:21 pm
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spru
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 Posted 11/14/2017  12:32 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
The CRA be like...

Paypal-/-The-Canada-Revenue-Agency--Re-Online-Sellers--Heads-Up

In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pacificoin
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 Posted 11/15/2017  8:22 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
It is now in the mainstream News . CBC has an article in their business section. Whole lot of boot shaking and wringing of sweaty hands going on. No comments here lots there.!
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