Canadian Transformers News and Discussion Forum

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http://www.google.com/hostednews/can...pnngXza5im_pIw

Excerpt:

Watch out eBay entrepreneurs: online sales taxable

(CP) – 39 minutes ago

OTTAWA — The federal government says online income is taxable and has warned Internet entrepreneurs who use eBay and other web-based sales venues that they must pay up or face prosecution.

"Taxpayers should know that the tax laws that apply to traditional commerce apply in the same way to electronic commerce, like eBay selling," Revenue Minister Jean-Pierre Blackburn said in a statement Thursday.