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eBay sellers…. watch out for round two…

Posted By Dan White On September 29, 2009 @ 12:16 pm In Tax Topics | No Comments

Canadians are under an ever increasing attack by CRA. In this case, I am kind of on their side. Not liking CRA does not mean that I approve of tax evasion.

The tax problems in this country are not because of tax evasion, rather tax evasion is a result of tax problems created by our government administering a tax that is known to be unfair by the vast majority of over taxed Canadians.

The solution to situtations like this is; “Don’t hide your business from the Tax Man. Instead protect your deductions from unfair assult my the audit man.” Make sure you understand “Audit Ready Bookkeeping.”

For more information on this subject, go to

http://www.tax-audit-solutions.com/services.htm

And don’t think the threshold for the amount of transaction in eBay won’t be reduced. It will! Then there will be a whole new arount of tax assults by CRA in round number two.

Dan White

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eBay Canada to Hand over More Seller Tax Records to Government
By Ina Steiner
AuctionBytes.com
September 29, 2009
Reading AuctionBytes: eBay Canada to Hand over More Seller Tax Records to Government

eBay Canada said it would hand over more data to Canada’s tax agency after receiving a court-authorized requirement from the Canada Revenue Agency. The company will 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 said it was 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.

The September 2009 request followed a similar request made by the Canada Revenue Agency; in November 2008, after a lengthy legal battle, eBay was required to reveal the account information of members who held PowerSeller status in 2004 and 2005.

eBay Canada said it strenuously objected to the “violation of our members’ privacy,” but said it was obliged to comply with the court-ordered requests. eBay said it was alerting all members affected by the court order prior to disclosing their account information to the Canada Revenue Agency.


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