First announced: Bill containing the rules received Royal Assent June 22, 2023; rules effective Jan 1, 2024 (first reporting for 2024 year). Government of Canada+1
Submitted by: NYBACS Compliance Desk
Canada enacted platform-reporting rules (Part XX of the Income Tax Act) via Bill C-47 (Royal Assent June 22, 2023).
Rules took effect Jan 1, 2024; platforms must collect seller ID and report to CRA.
Marketplaces and gig platforms should tighten onboarding, TIN checks and annual reporting processes.
What changed: The Canadian Parliament added “Reporting Rules for Digital Platform Operators” to the Income Tax Act (Part XX) when Bill C-47 received Royal Assent on 22 June 2023. The rules (based on OECD model reporting rules) require reporting platform operators to collect detailed seller information (names, addresses, TINs, transaction data), perform due diligence and file annual information returns — with the rules effective from 1 January 2024 (first reports relating to 2024 due in early 2025). Government of Canada+1
Who’s affected: Large digital marketplaces, gig platforms, hospitality & travel platforms, and other operators facilitating seller transactions in Canada or with Canadian sellers.
Immediate actions
- Update onboarding to capture reliable TINs and seller identifiers.
- Implement due-diligence checks and storage of proof (retention policies).
- Build reporting export (to meet CRA schema) and reconcile data before annual filings.
Practical notes: CRA issued guidance and technical documents to assist platform operators; first information returns for calendar-year 2024 were due Jan 31, 2025 for many platforms — confirm reporting windows and thresholds.
