PART XX — Reporting Rules for Digital Platform Operators

Reporting to Minister

Not yet annotated · Text current to 2026-06-21 · section last amended 2024-01-01

Current text

A reporting platform operator must report to the Minister the information set out in section 292 with respect to the reportable period no later than January 31 of the year following the calendar year in which the seller is identified as a reportable seller.

Reporting to seller

(2)

A reporting platform operator must provide the information set out under section 292 to the reportable seller to which it relates no later than January 31 of the year following the calendar year in which the seller is identified as a reportable seller.

Reporting not required

(3)

Notwithstanding subsections (1) and (2), the information in relation to a reportable seller is neither required to be reported to the Minister nor to be made available to the reportable seller in circumstances where the reporting platform operator has obtained adequate assurances that another platform operator has or will fulfil the reporting obligations under this section and section 292

(a)

with respect to the reportable seller pursuant to the rules in Canada; or

(b)

with respect to the reportable seller, other than a reportable seller resident in Canada, under substantially similar rules in a partner jurisdiction.

Reporting

(4)

A reporting platform operator required to report information under this section shall report the information in prescribed form.

Electronic filing

(5)

Information required to be reported under this section shall be filed by way of electronic filing.

Currency

(6)

The information with respect to the consideration paid or credited in a fiat currency must be reported in the currency in which it was paid or credited. In case the consideration was paid or credited in a form other than fiat currency, it should be reported in the local currency of Canada, converted or valued in a manner that is determined consistently by the reporting platform operator.

Reporting in respect of quarter

(7)

The information with respect to the consideration and other amounts must be reported in respect of the quarter in which the consideration was paid or credited.

Source: Justice Laws Website. Not an official version.

Historic text

This section has not been amended since it was enacted (2023, c. 26, s. 78), so there is no earlier version.

Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 291 links to the one before it.

Enacting and amending legislation

2023, c. 26, s. 78

Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.

Cross-references

This section refers to

s. 292

Referred to in

s. 290

References are generated from the statutory text and list other sections of the Act only.

Citation

Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 291.