I heard last week that Revenue Canada will start monitoring the sales of high volume sellers on eBay. Basically any seller that generates $1,000 or more a month in sales. Luckily for me I don’t use eBay that often. 😉
Read the story below.
The Federal Court of Canada has ruled that eBay Canada Ltd. must release personal information about its high-volume sellers to the Canada Revenue Agency.
The CRA is hoping to use the information to find merchants who aren’t paying their share of taxes.
The website — which acts as an online go-between or virtual marketplace for buyers and sellers — will be required to hand over details such as names, addresses, phone numbers and email addresses of its merchandisers.
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