CRA finally doing their job... catch the crooks.

[GrooveTunes]

I guess airbnb will be required to co-operate as well as ebay, etc.

I just received this in my inbox… Seems the jackals in Ottawa are looking in every nook and cranny to find every last dime they can squeeze. No rock will be left unturned. I now fully expect an audit in the near future. I hope all of you have your books in order… They’re going back all the way to 2014:

Notice to Business Customers and Partners.

We’re writing to notify you that we have received a Federal Court order requiring us to disclose information to the Canada Revenue Agency (CRA) about PayPal Business account holders who sent or received a payment between January 1, 2014, and November 10, 2017. To comply with the order, PayPal Canada will make a disclosure to the CRA within 45 days of the date of the order.

If you have any questions about this email, please refer to our list of Frequently Asked Questions or contact us through our Help Centre.

Thank you for being a PayPal customer. We’re committed to helping your business get the best online and mobile commerce solutions so you can grow your business and compete in today’s digital economy.

PayPal Canada

[Queen K]

Yes, CRA is looking for people laundering income through Paypal.

The days of electronic monitering are upon us in full force now. There is still something to be said for cash. And the government hates cash. Hates it.

https://www.castanet.net/edition/news-s ... htm#211749

According to this, cash is still preferred for smaller purchases and I know that if an idependent merchant asks, "do you need a receipt" they hope not.

But Paypal eliminates all that. And people with business accounts are either: a. scrambling or b. happy they kept their books in order.

[hobbyguy]

Going to be tough to catch the bitcoin folks though.

[Catsumi]

I wish they would go after uber rich politicians and cabinet ministers. Lotsa money there!