End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all infos - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 11-13-2017
Senior Member
 
Join Date: Jul 2015
Posts: 318
Thanks: 3
Thanked 21 Times in 20 Posts
Activity: 0%
Longevity: 42%
iTrader: (0)
Default End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all infos

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
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 11-13-2017
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 67,207
Thanks: 5,272
Thanked 8,142 Times in 7,455 Posts
Activity: 100%
Longevity: 80%
iTrader: (7)
Default Re: End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all inf

Paypal BUSINESS account holders - it's written there, if the message is true.

Should not affect the other account types...
Reply With Quote
  #3  
Old 11-13-2017
Senior Member
Threadstarter  
 
Join Date: Jul 2015
Posts: 318
Thanks: 3
Thanked 21 Times in 20 Posts
Activity: 0%
Longevity: 42%
iTrader: (0)
Default Re: End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all inf

Yes, but most stealths are "BUSINESS" ... it can even than "Personal Business" ... so what it will happen if you created a ⊗⊗⊗⊗ account, with an address on it? the house owner will have problems or what?
Reply With Quote
  #4  
Old 11-13-2017
Senior Member
Threadstarter  
 
Join Date: Jul 2015
Posts: 318
Thanks: 3
Thanked 21 Times in 20 Posts
Activity: 0%
Longevity: 42%
iTrader: (0)
Default Re: End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all inf

How they are going to identify business, if in Canada you only had to write "Personal Business" ?!
Reply With Quote
  #5  
Old 11-13-2017
slokor's Avatar
Executive [VIP]
 
Join Date: Aug 2008
Posts: 11,081
Thanks: 362
Thanked 2,558 Times in 1,894 Posts
Activity: 92%
Longevity: 89%
iTrader: (90)
Default Re: End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all inf

Which part about 'Business Account holders' are you not understanding?
This refers to people who have BUSINESS accounts ONLY. If you have a PERSONAL account this has no impact on you. And the vast majority of stealthers have a PERSONAL account.
__________________
AGED SUPER HIGH LIMIT ACCOUNTS: 10,000/$1,000,000 and 25,000/$500,000
NEW LOWER PRICING!
ENTER MY STORE OR CONTACT ME
Reply With Quote
  #6  
Old 11-13-2017
Executive [VIP]
 
Join Date: May 2009
Posts: 2,576
Thanks: 211
Thanked 670 Times in 500 Posts
Activity: 0%
Longevity: 84%
iTrader: (5)
Default Re: End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all inf

The email also linked a FAQ regarding on this court order:

https://www.paypal.com/ca/selfhelp/a...equest-faq3755

Quote:
What information has PayPal been ordered to share with the CRA?
The court order requires PayPal to disclose the following information to the CRA about PayPal business account holders who received or sent a payment between January 1, 2014 and November 10, 2017:
  • The full name of every individual or corporation holding a business account that has a Canadian address;
  • The date of birth of each individual holding a business account;
  • The business name, if applicable;
  • The telephone number(s) of the corporation or individual holding the business account, if available;
  • The full address(es) of the corporation or individual holding the business account;
  • The email address of the corporation or individual holding the business account;
  • The Social Insurance Number and/or Business Number of the corporation or individual holding the Business Account, if available.

The following information on transactions made by the account holder:
  • The total number and value of received transactions for each calendar year between January 1, 2014 and November 10, 2017.
  • The total number and value of sent transactions for each calendar year between January 1, 2014 and November 10, 2017.
So in another word, unless you registered your business account under your real information, you're fine.

As a reminder, this forum has never advocated tax evasion in any way or form. Always report your taxes correctly to avoid fusses about problems like this.

Last edited by BiN4RY; 11-13-2017 at 09:24 PM.
Reply With Quote
The Following 2 Users Say Thank You to BiN4RY For This Useful Post:
GreenBean (11-13-2017), yankee (11-13-2017)
  #7  
Old 11-13-2017
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 67,207
Thanks: 5,272
Thanked 8,142 Times in 7,455 Posts
Activity: 100%
Longevity: 80%
iTrader: (7)
Default Re: End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all inf

Thanks slokor and B1n4RY for more clarification for smartguy
Reply With Quote
  #8  
Old 11-15-2017
Junior Member
 
Join Date: Nov 2017
Posts: 34
Thanks: 0
Thanked 5 Times in 5 Posts
Activity: 0%
Longevity: 26%
iTrader: (0)
Default Re: End of Canadian PayPal Stealth? Federal Court ordering PayPal to disclose all inf

Quote:
Originally Posted by BiN4RY View Post
The email also linked a FAQ regarding on this court order:

https://www.paypal.com/ca/selfhelp/a...equest-faq3755



So in another word, unless you registered your business account under your real information, you're fine.

As a reminder, this forum has never advocated tax evasion in any way or form. Always report your taxes correctly to avoid fusses about problems like this.
I had all ⊗⊗⊗⊗ information on the account, I guess I'm fine?
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Paypal Dropshipper Ordering From Me on Ebay Con PayPal Talk 4 05-06-2014 06:17 PM
Canadian Bank for stealth paypal krizty eBay Discussion! 9 09-05-2013 01:36 PM
Received a Federal Tax statement from paypal cb3 PayPal Talk 5 02-09-2012 12:55 AM
ordering through paypal from china casual92king PayPal Talk 3 12-02-2009 08:27 PM
Paypal asking 4 tracking infos! suza Paypal Limited 12 09-16-2009 12:27 PM


Aspkin Group

All times are GMT -5. The time now is 05:16 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58