PART XX — Reporting Rules for Digital Platform Operators

Information reported

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

Current text

Each reporting platform operator must report the following information:

(a)

the name, registered office address and TIN of the reporting platform operator, as well as any business names of any platforms in respect of which the reporting platform operator is reporting;

(b)

with respect to each reportable seller that provided relevant services (other than immovable property rental), rented out a means of transportation or sold goods,

(i)

the items required to be collected pursuant to section 284,

(ii)

any other TIN, including the jurisdiction of issuance, available to the reporting platform operator,

(iii)

any financial account identifiers, insofar as they are available to the reporting platform operator and the jurisdiction of the reportable seller’s residence is specified by the Minister,

(iv)

if different from the name of the reportable seller, the name of the holder of the financial account to which the consideration is paid or credited, to the extent available to the reporting platform operator, as well as any other identifying information available to the reporting platform operator with respect to that account holder,

(v)

each jurisdiction in which the reportable seller is resident on the basis of the procedures set out in section 286,

(vi)

the total consideration paid or credited during each quarter of the reportable period and the number of such relevant activities in respect of which it was paid or credited, and

(vii)

any fees, commissions or taxes withheld or charged by the reporting platform operator during each quarter of the reportable period; and

(c)

with respect to each reportable seller that provided relevant services for the rental of immovable property,

(i)

the items required to be collected pursuant to section 284,

(ii)

any other TIN, including the jurisdiction of issuance, available to the reporting platform operator,

(iii)

any financial account identifiers, insofar as they are available to the reporting platform operator and either the jurisdiction of residence of the reportable seller or the jurisdiction in which the immovable property is located is specified by the Minister,

(iv)

(v)

each jurisdiction in which the reportable seller is resident on the basis of the procedures set out in section 286,

(vi)

the address of each property listing, determined on the basis of the procedures set out in section 287, and, if available, the land registration number,

(vii)

the total consideration paid or credited during each quarter of the reportable period and the number of such relevant services provided with respect to each property listing in respect of which it was paid or credited,

(viii)

any fees, commissions or taxes withheld or charged by the reporting platform operator during each quarter of the reportable period, and

(ix)

if available, the number of days each property listing was rented during the reportable period and the type of each property listing.

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 292 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. 284 s. 286 s. 287

Referred to in

s. 291

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. 292.