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Taxman goes browsing on eBay
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09-27-2007, 10:54 AM
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Azure
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Join Date: Oct 2005
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Taxman goes browsing on eBay
http://www.theglobeandmail.com/servl...Story/Business
Quote:
Canadians who sell a lot of stuff on eBay best beware - the taxman is watching.
The Canada Revenue Agency has won a Federal Court order requiring
eBay Canada Ltd.
to turn over the names, addresses, phone numbers and e-mail addresses of all high-volume sellers on the popular website. The CRA wants to find out whether those individuals or companies are reporting the income they made from online sales in 2004 and 2005.
"The CRA is seeking to verify compliance with the obligations and duties under the Income Tax Act of certain Canadian taxpayers selling goods in an online marketplace," said an affidavit filed in court by Aziz Fazal, a Toronto tax officer who heads an audit group within the CRA that is leading the probe.
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