New Reporting Rules for Digital Platform Operators in Canada: Requirements and Guidelines

• 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.

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