paypal canada cra reporting limit?

[Stealth1738]

i know for the us paypal reports to irs after account reaches 200 sales or $20000 does anyone know if paypal has a similar arrangement with cra? I only know of one previous court settlement where paypal reported a lot of business account info to cra, but not personal.

[Stealth1738]

Bump still looking for an answer please

[gameplaybooster]

No but they still verify you once you reach certain amount of sales.

[zebios]

Originally Posted by Stealth1738

Bump still looking for an answer please

Did you find an answer? I'm looking for an answer for the same question desperately

[SaiJin]

You basically wanna run multiple accounts under the treshold regardless.

This eliminates a lot of other potential issues.

[rsot]

Originally Posted by zebios

Did you find an answer? I'm looking for an answer for the same question desperately

SaiJin's advice is good but just to let you that there is a general 200/20k rule for canada as well...

[zebios]

Originally Posted by SaiJin

You basically wanna run multiple accounts under the treshold regardless.

This eliminates a lot of other potential issues.

Thanks for the tips..opening multiple accounts under the same name wouldn't be an issue?

[slokor]

It would be.
That's the whole point of stealth - opening multiple accts NOT on your own name.