- New digital platform operator reporting rules
- Published and updated on November 27, 2024
- Operators must report detailed information on reportable sellers to CRA by January 31 of the following year
- Operators must also provide the same details to reportable sellers by the deadline
- Definition of platform includes software and applications facilitating sale of goods or services
- Platform operator is entity contracting with sellers to make platform available
- Reporting platform operator is resident in Canada or partner jurisdiction
- Partner jurisdiction implements OECD Model Reporting Rules for Digital Platforms
- Platform operators exempt from reporting if business model does not allow sellers to profit or have reportable sellers
Source: bdo.ca
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.