CRA vs eBay

[a-collector-eh]

Has anyone volentarily re submited thier 2006, 2007 and 2008 tax returns to reflect un reported eBay profits?

[surplusdealdude]

Apparently about 50 people have across Canada.

There isn't a stampede to do it, apparently, and it looks like, in most cases, there won't be any taxes owing anyway.

[craftycatsattic]

I wonder how many years those 50 people went back? Originally the CRA was looking into 2004 and 2005 records. Recently they got the court order to get the 2006, 2007 and 2008 records.

eBay is my sole source of income and I have always declared. It's nice to sleep at night!

[pierrelebel]

"Has anyone volentarily re submited thier 2006, 2007 and 2008 tax returns to reflect un reported eBay profits?"

???

Most of us have already filed out business income properly, year after year. There is nothing to change.

CRA is after those who have not filed or under-declared their business income.

Those sellers who have contacted CRA to revise their income will certainly NOT tell anyone on a discussion board!