Business PayPal ( Canada ) has received a Federal Court order to disclose information - GoFuckYourself.com

directfiesta · 11-14-2017, 09:52 AM

Received yesterday an email from Paypal ... At first, you think it is phishing , but a closer looks shows it isn't .

Coincidence is that I just had to supply to CRA explanation and documents on a near 3,000.00 (

) expense on my 2016 tax report .... Thought it was just me, but looking further :

https://www.paypal.com/ca/selfhelp/a...equest-faq3755

Some guys are going to shit bricks !!!!

MrBottomTooth · 11-14-2017, 09:54 AM

Got that too. Don't do much through PayPal anyway.

brassmonkey · 11-14-2017, 09:54 AM

never avoid paying big brother. in your case the maple man

directfiesta · 11-14-2017, 11:19 AM

This is what PP will supply in 45 days :

* The full name of every individual or corporation holding a business account that has a Canadian address;
* The date of birth of each individual holding a business account;
* The business name, if applicable;
* The telephone number(s) of the corporation or individual holding the business account, if available;
* The full address(es) of the corporation or individual holding the business account;
* The email address of the corporation or individual holding the business account;
* The Social Insurance Number and/or Business Number of the corporation or individual holding the Business Account, if available.
* The total number and value of received transactions for each calendar year between January 1, 2014 and November 10, 2017.
* The total number and value of sent transactions for each calendar year between January 1, 2014 and November 10, 2017.

Merry Christmas ....

shake · 11-14-2017, 11:34 AM

Got that too, glad I pay my taxes...

JFK · 11-14-2017, 12:23 PM

Quote:

Originally Posted by directfiesta

https://www.paypal.com/ca/selfhelp/a...equest-faq3755

Some guys are going to shit bricks !!!!

sure sounds like it

marc22 · 11-14-2017, 12:29 PM

another reason why bitcoin will get more and more popular

TheDynasty · 11-14-2017, 12:42 PM

Quote:

Originally Posted by marc22

another reason why bitcoin will get more and more popular

bns666 · 11-14-2017, 12:49 PM

Quote:

Originally Posted by marc22

another reason why bitcoin will get more and more popular

it will take some time for that ...

2MuchMark · 11-14-2017, 01:23 PM

When you get audited in Canada, the tax man is all over your Paypal account, just like your bank account. This includes contacting Paypal directly and asking for all of your records.

And bitcoin won't help you either. You can have all the bitcoin you want but when you trade it for CAD$, it becomes taxable income.

Brad Mitchell · 11-14-2017, 07:57 PM

It's about time! Pay your taxes.

Brad

onwebcam · 11-14-2017, 08:28 PM

Always best to over claim and write off everything you can... If I ever get audited the first thing I'm going to say is "Did you figure out I really didn't make that much money?" next will be "Oh, I forgot to write this off. You guys owe me some money."

Barry-xlovecam · 11-14-2017, 09:07 PM

Using PayPal to hide income is REALLY dumb.

Bitcoin is either an income or a capital gain -- depending when you close your position and convert the crpyto into taxable currency -- same as a commodity contract.

If you 'buy' goods for crypto their value is income/capital gain -- whether you report that or not is your business (risk).

11-14-2017, 09:52 AM	#1
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Back to Montréal, ALIVE ! Posts: 29,012	PayPal ( Canada ) has received a Federal Court order to disclose information Received yesterday an email from Paypal ... At first, you think it is phishing , but a closer looks shows it isn't . Coincidence is that I just had to supply to CRA explanation and documents on a near 3,000.00 ( ) expense on my 2016 tax report .... Thought it was just me, but looking further : https://www.paypal.com/ca/selfhelp/a...equest-faq3755 Some guys are going to shit bricks !!!!

11-14-2017, 09:54 AM	#2
MrBottomTooth Confirmed User Join Date: Sep 2009 Posts: 5,795	Got that too. Don't do much through PayPal anyway. __________________ Get Paid Per Email Like The WEGCASH Days!!!!

11-14-2017, 09:54 AM	#3
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 75,357	never avoid paying big brother. in your case the maple man __________________ EMAIL ==>[email protected] ==> #NOBIDEN2024 TRUMP 2024!!! \| END DACA!!!! \| HCR2060 <= ILLEGAL ALIENS!!!!...👮 => TRUMPS PAYDAY!!!!... - Support The Laken Riley Act!!! - Trump Nobel Prize...

11-14-2017, 01:23 PM	#10
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 45,781	When you get audited in Canada, the tax man is all over your Paypal account, just like your bank account. This includes contacting Paypal directly and asking for all of your records. And bitcoin won't help you either. You can have all the bitcoin you want but when you trade it for CAD$, it becomes taxable income. __________________ VideoChat Solutions \| Custom Software \| IT Support https://www.2much.net \| https://www.lcntech.com

11-14-2017, 07:57 PM	#11
Brad Mitchell Confirmed User Industry Role: Join Date: Nov 2001 Location: Southfield, MI Posts: 9,728	It's about time! Pay your taxes. Brad __________________ President at MojoHost \| brad at mojohost dot com \| Skype MojoHostBrad 69 industry awards for hosting and professional excellence since 1999

11-14-2017, 11:19 AM	#4
directfiesta Too lazy to set a custom title Industry Role: Join Date: Oct 2002 Location: Back to Montréal, ALIVE ! Posts: 29,012	This is what PP will supply in 45 days : * The full name of every individual or corporation holding a business account that has a Canadian address; * The date of birth of each individual holding a business account; * The business name, if applicable; * The telephone number(s) of the corporation or individual holding the business account, if available; * The full address(es) of the corporation or individual holding the business account; * The email address of the corporation or individual holding the business account; * The Social Insurance Number and/or Business Number of the corporation or individual holding the Business Account, if available. * The total number and value of received transactions for each calendar year between January 1, 2014 and November 10, 2017. * The total number and value of sent transactions for each calendar year between January 1, 2014 and November 10, 2017. Merry Christmas ....

11-14-2017, 11:34 AM	#5
shake frc Industry Role: Join Date: Jul 2003 Location: Bitcoin wallet Posts: 4,663	Got that too, glad I pay my taxes...

11-14-2017, 12:29 PM	#7
marc22 Confirmed User Industry Role: Join Date: Jul 2014 Location: u.s.a. Posts: 151	another reason why bitcoin will get more and more popular

11-14-2017, 08:28 PM	#12
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 26,766	Always best to over claim and write off everything you can... If I ever get audited the first thing I'm going to say is "Did you figure out I really didn't make that much money?" next will be "Oh, I forgot to write this off. You guys owe me some money." __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

11-14-2017, 09:07 PM	#13
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Using PayPal to hide income is REALLY dumb. Bitcoin is either an income or a capital gain -- depending when you close your position and convert the crpyto into taxable currency -- same as a commodity contract. If you 'buy' goods for crypto their value is income/capital gain -- whether you report that or not is your business (risk).