Online retailer eBay opens data to taxman
Last Updated: Monday, November 17, 2008 | 11:59 AM ET
CBC News
Related
Internal Links
As more Canadians buy and sell online, retailer eBay Canada says it expects to disclose information on its so-called "power sellers" to Canada Revenue Agency this week.
The release of data is in response to a ruling by the Federal Court of Appeal last April.
The court ordered eBay to turn over to the tax agency the names and gross sales figures of Canadians who earn at least $1,000 a month from online sales for three straight months.
In a recent letter to affected customers, eBay said it strenuously objects to the federal requests, but it must comply.
In 2006, Revenue Canada started looking into whether power sellers had reported all their eBay earnings on their 2004 and 2005 income taxes.
It's estimated about 32,000 Canadians make all or part of their income selling on eBay.
Meantime, many more Canadians are shopping online, with 2007 sales rising to $12.8 billion, Statistics Canada says.
With files from the Canadian PressShare Tools
Top News Headlines
- Outrage grows over Syria killings
- Syrian authorities have blocked a top aide of envoy Kofi Annan from heading to Damascus as world leaders condemn one of the bloodiest single events in Syria's 14-month-old uprising. more »
- Montreal protesters march in peaceful defiance
- The clanging of pots and pans sounded throughout Montreal's downtown core Saturday night and into early Sunday morning, as thousands of protesters marched on in peaceful — but loud — defiance of Bill 78. more »
- Quebec tornadoes cause millions in damage
- Environment Canada confirms that two tornadoes — one of which was classed as a moderate F-1 packing winds of up to 150 km/h — touched down near Montreal Friday night, causing millions of dollars in damage. more »
- Teen struck by lightning in Ottawa dies
- The victim of a Friday lightning strike during a storm in east Ottawa has died, CBC News has learned. more »
- Teen struck by lightning in Ottawa dies
- Missing Winnipeg children found in Mexico
- Quebec tornadoes cause millions in damage
- Montreal protesters march in peaceful defiance
- Woman's remains found in hockey bag on Cape Breton river
- Outrage grows over Syria killings
- Pope's butler arrested in Vatican leaks scandal
- Everest team unable to bring down Toronto woman's body
- WWE apologizes to Brazil over Canadian's flag stomp
