CRA Updates Jason Smith CRA Updates Jason Smith

Using an app or website to earn income? Here’s what you need to know about the Reporting Rules for Digital Platform Operators

You may be affected by Canada’s new Reporting Rules for Digital Platform Operators if you use digital platforms to earn income. These rules have been implemented to increase transparency and support compliance in the international tax community.

Under the rules, certain platform operators are now required to collect and report information on sellers considered to be reportable sellers to the Canada Revenue Agency (CRA). If you are a reportable seller, be aware of what is being reported by your platform operator(s) to ensure it’s accurate and consistent with what you report under existing tax obligations.

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CRA Updates Jason Smith CRA Updates Jason Smith

Operating a digital platform? Here’s what you need to know about the Reporting Rules for Digital Platform Operators

New reporting requirements for digital platforms have been implemented to increase transparency and support compliance in the international tax community. These reporting requirements are known as the Reporting Rules for Digital Platform Operators.

Under the rules, reporting platform operators are now required to collect and report information on sellers considered to be reportable sellers to the Canada Revenue Agency (CRA). 

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CRA Updates Jason Smith CRA Updates Jason Smith

Teachers and parents: Join the movement to enhance tax literacy

Tax literacy is an important life skill, and we want to make sure that students have the knowledge, skills, and confidence to make the right decisions about taxes. This back-to-school season, we’ve got you covered! Whether you are an educator, a parent, or an organization that supports educational growth, there are many resources that you can take advantage of this academic year.

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CRA Updates Jason Smith CRA Updates Jason Smith

Students: It pays to do your taxes!

Heading back to school? Make sure tax literacy is on your course calendar! Understanding taxes will help you make smart decisions about your finances – how to put money in your pocket and help you save for a holiday, a car, or a house of your own.

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