Shopify CEO promises to fight the request, calling the action ‘low-key overreach.’ Expert says data includes ‘everything the CRA needs to audit these businesses.’
Shopify CEO promises to fight the request, calling the action ‘low-key overreach.’ Expert says data includes ‘everything the CRA needs to audit these businesses.’
In some ways I feel like this can be the CRA working with accounting software for better integration. If you’re running a side hustle you should be paying your taxes.
That said I worry this is going to nab the person who maybe makes a few hundred a year selling shit online to subsidize their day job and they’re a lot easier of a target than a large operation commuting tax fraud; the CRA has a history of picking the former.
A few hundred a year won’t make much difference, unless of course their main income already puts them into the top tax bracket, even then it’s gonna be less than $200
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In some ways I feel like this can be the CRA working with accounting software for better integration. If you’re running a side hustle you should be paying your taxes.
That said I worry this is going to nab the person who maybe makes a few hundred a year selling shit online to subsidize their day job and they’re a lot easier of a target than a large operation commuting tax fraud; the CRA has a history of picking the former.
A few hundred a year won’t make much difference, unless of course their main income already puts them into the top tax bracket, even then it’s gonna be less than $200