Although PayPal has informed certain business account holders that it was recently ordered to release the details of their transactions to the Canada Revenue Agency (CRA), this alone does not constitute an enforcement action or an audit by the taxman, Canadian tax lawyer David J. Rotfleisch writes in The Lawyer’s Daily.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."