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

Marginal note:Information reported

292 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) 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 the 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 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.