Published: September 3, 2020
PayPal has been ordered to release details of business account holders to CRA. Taxpayers who have not paid their taxes on PayPal transactions have a 45 day window from Nov 10 to file a voluntary disclosure to avoid tax penalties and tax prosecution.
Disclaimer:
"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."
