Section 284 — Income Tax Act: Seller information – individual

The reporting platform operator must collect the following information for each seller that is an individual (other than a trust) and that is not an excluded seller the first and last name of the individual; the primary address of the individual; the TIN issued to the individual, including the jurisdiction of issuance; and the date of birth of the individual. The reporting platform operator must collect the following information for each seller (other than a seller described in subsection (1)) that is not an excluded seller the legal name of the entity; the primary address of the entity; the TIN issued to the entity, including the jurisdiction of issuance; and the business registration number of the entity. Notwithstanding subsections (1) and (2), the reporting platform operator is not required to collect information pursuant to paragraphs (1)(b) to (d) or (2)(b) to (d) in respect of a seller where the reporting platform operator relies on a government verification service to ascertain the identity and residence of the seller. Notwithstanding paragraphs (1)(c) and (2)(c) and (d), the TIN or the business registration number, respectively, are not required to be collected if the jurisdiction of residence of the seller does not issue a TIN or business registration number to the seller; or the jurisdiction of residence of the seller does not require the collection of the TIN issued to such seller.