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Monday, November 13, 2017

PayPal Notice - PayPal ordered to provide CRA with information about business accounts.

PayPal was ordered by the federal government of Canada to provide CRA with information about business accounts. 

Free country my ass. According to this they want to tax any income coming into PayPal, regardless where the money comes from without proof. Personal or otherwise. Without regard for expenditures. 

So, if I buy a cell phone for $850 and sell it to you for $1000, I have to pay taxes on $1000 which I already been taxed by the supplier for $850. 

Time to open accounts overseas.