Update on EBay PowerSelling

POSTED on Nov 14 under e-commerce

I have posted previously about Canada Revenue Agency going after EBay Powersellers for failing to report income on their taxes. PowerSellers are those individuals who have achieved a certain volume of sales on EBay. EBay Canada had been refusing to provide CRA with contact information and sales statistics for these PowerSellers, claiming that the information was inaccessible to them because it was located in the U.S.

A recent story in the Globe and Mail reports that the Federal Court of Appeal has held that EBay Canada can, in fact, acquire information on PowerSellers, and must provide it to CRA. 

Currently, the CRA probe includes selling activities on EBay from 2004-2007. Considering you only need several thousand dollars in sales in order to qualify as a PowerSeller, it seems like a lot of effort is being spent by CRA pursuing relatively small players in the online marketplace. 

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