PayPal receives Federal Court order to disclose personal information to the Canada Revenue Agency

PayPal customers who have a business account received a surprising email today, the email read:

We’re writing to notify you that we have received a Federal Court order requiring us to disclose information to the Canada Revenue Agency (CRA) about PayPal Business account holders who sent or received a payment between January 1, 2014, and November 10, 2017. To comply with the order, PayPal Canada will make a disclosure to the CRA within 45 days of the date of the order.

A Federal Court order has been issued to the online transaction giant PayPal to disclose personal information to the Canada Revenue Agency from accounts who sent and received payments between January 1, 2014 and November 10, 2017.

The following information from business account holders was ordered.

* 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.

PayPal encourages affected business account holders to file their taxes as appropriate, they will allegedly hand over the information within 45 days of November 10, 2017.

Find more information on the PayPal help section. 

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About the Author: Galina Kozlovs

Galina is a freelance writer who has experience writing in the digital world for 4 years when she quit her job, her interests in current world affairs gave her the drive to pursue a career in journalism before retiring. Galina originates from Russia, lived in Canada for a short time between 2011 and 2013, then moved to New York to pursue her career.

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