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Canadian Ebay And Taxes, New legal requirements
realist
post Oct 4 2009, 12:55 AM
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Important information for Canadian members who were high-volume sellers in 2006, 2007 or 2008

In September 2009, eBay Canada received a court-authorized requirement from the Canada Revenue Agency that requires it to release the account information and sales data of Canadian resident eBay members who meet the following criteria:

* Sales of more than $20,000 and at least 24 sales transactions in any of the calendar years 2006, 2007 or 2008, (irrespective of membership in eBay's PowerSeller program. OR
* Sales of more than $100,000 in any of the calendar years 2006, 2007 or 2008, regardless of the number of sales transactions.

eBay is only required to release sales information for the year(s) in which a seller met the above sales thresholds.

The member information that will be released for 2006, 2007 and/or 2008 includes: full name, user id, mailing address, billing address, telephone number, fax number, email address, and the selling prices (high bids) of the items.

As you may be aware, this is the second request of this kind that eBay has received from the Canada Revenue Agency. In November 2008, after a lengthy legal battle to defend our members' privacy, eBay was required to reveal the account information of members who held PowerSeller status in 2004 and 2005.

We recognize that this matter is of concern to our members. While eBay strenuously objects to this violation of our members' privacy, we are obliged to comply with the court-ordered requests. If you have additional questions about this situation, you may email CRA_info@ebay.ca.

eBay has alerted all members who are affected by the court order prior to disclosing their account information to the CRA.

We would also like to inform our members that the CRA has put in place a voluntary disclosure program that allows eBay sellers (and any other taxpayer) to come forward and proactively declare revenue to avoid penalty or prosecution. You can find more information about this program by visiting the following page: http://www.cra-arc.gc.ca/gncy/nvstgtns/vdp-eng.html

We finaly want remind all eBay members that they are responsible for ensuring that they are in compliance with all laws and regulations relating to their activities online.

http://pages.ebay.ca/CRAinfo/index.html


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noid22
post Dec 1 2009, 12:31 PM
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QUOTE (realist @ Oct 4 2009, 12:55 AM) *
Important information for Canadian members who were high-volume sellers in 2006, 2007 or 2008

In September 2009, eBay Canada received a court-authorized requirement from the Canada Revenue Agency that requires it to release the account information and sales data of Canadian resident eBay members who meet the following criteria:

* Sales of more than $20,000 and at least 24 sales transactions in any of the calendar years 2006, 2007 or 2008, (irrespective of membership in eBay's PowerSeller program. OR
* Sales of more than $100,000 in any of the calendar years 2006, 2007 or 2008, regardless of the number of sales transactions.

eBay is only required to release sales information for the year(s) in which a seller met the above sales thresholds.

The member information that will be released for 2006, 2007 and/or 2008 includes: full name, user id, mailing address, billing address, telephone number, fax number, email address, and the selling prices (high bids) of the items.

As you may be aware, this is the second request of this kind that eBay has received from the Canada Revenue Agency. In November 2008, after a lengthy legal battle to defend our members' privacy, eBay was required to reveal the account information of members who held PowerSeller status in 2004 and 2005.

We recognize that this matter is of concern to our members. While eBay strenuously objects to this violation of our members' privacy, we are obliged to comply with the court-ordered requests. If you have additional questions about this situation, you may email CRA_info@ebay.ca.

eBay has alerted all members who are affected by the court order prior to disclosing their account information to the CRA.

We would also like to inform our members that the CRA has put in place a voluntary disclosure program that allows eBay sellers (and any other taxpayer) to come forward and proactively declare revenue to avoid penalty or prosecution. You can find more information about this program by visiting the following page: http://www.cra-arc.gc.ca/gncy/nvstgtns/vdp-eng.html

We finaly want remind all eBay members that they are responsible for ensuring that they are in compliance with all laws and regulations relating to their activities online.

http://pages.ebay.ca/CRAinfo/index.html



Has anything similar to this been required of ebay members residing in the USA?


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MoneyRainmaker
post Feb 5 2010, 06:08 PM
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QUOTE (noid22 @ Dec 1 2009, 04:31 PM) *
Has anything similar to this been required of ebay members residing in the USA?

No I don't think so. They have different rules and policies in each country.


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