Income Tax Act
Sections and provisions with full text and the judgments that cite each one.
Section 284 — 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…
Section 285 — Verification of seller information
The reporting platform operator must determine whether the information collected under subsection 283(2) and sections 284 and 287 is reliable, using all records available to the reporting platform…
Section 286 — Residence
A reporting platform operator must consider a seller resident in the jurisdiction of the seller’s primary address. Notwithstanding subsection (1), a reporting platform operator must consider a seller…
Section 287 — Rented immovable property
Where a seller provides relevant services for the rental of immovable property, the reporting platform operator must collect the address of each property listing.
Section 288 — Due diligence
A reporting platform operator must complete the due diligence procedures set out in sections 283 to 287 by December 31 of the reportable period. Despite subsection (1), the due diligence procedures…
Section 289 — Active sellers
A reporting platform operator may elect to complete the due diligence procedures under sections 283 to 288 in respect of active sellers only.
Section 290 — Due diligence by third parties
A reporting platform operator may rely on a third-party service provider to fulfil the due diligence obligations under sections 291 and 292, but such obligations remain the responsibility of the…
Section 291 — Reporting to Minister
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…
Section 292 — Information reported
Each reporting platform operator must report the following information: the name, registered office address and TIN of the reporting platform operator, as well as any business names of any platforms…
Section 293 — Production of TIN
Every reportable seller shall provide their TIN at the request of a reporting platform operator that is required under this Part to make an information return requiring the TIN. A reporting platform…
Section 294 — Record keeping
Every reporting platform operator shall keep, at its place of business or at such other place as may be designated by the Minister, records that it obtains or creates for the purpose of complying…
Section 295 — Anti-avoidance
If a person enters into an arrangement or engages in a practice, the primary purpose of which can reasonably be considered to be to avoid an obligation under this Part, the person is subject to the…