Shopify Wins Case Against Canada Revenue Agency, Which Was Seeking Merchant Data

Shopify scores win over Canada Revenue Agency in merchant-data case

A federal judge has ruled against the CRA's attempt to obtain Shopify's merchant data going back sick years in order to verify compliance with tax laws.

Shopify wins case against Canada Revenue Agency over merchant data

The Canadian tech company was fighting the CRA's attempt to get more than six years of Shopify records.

Shopify wins case against Canada Revenue Agency, which was seeking merchant data

Shopify Inc. has come out on top of a battle with the Canada Revenue Agency.

Federal Court rejects CRA’s request for information on Canadian Shopify merchants

Tax agency sought ability to scrutinize merchants’ earnings and find those who did not remit the correct GST

Is Shopify a Buy After Earnings?

Shopify (TSX:SHOP) reported a healthy first-quarter performance on May 8. Its top line came in at $2.36 billion, beating analysts’ expectations of $2.33 billion. However, the company incurred $682 million in net losses during the quarter, primarily due to equity investment losses of $900 million. The net losses represent a substantial increase from $273 million in the previous year’s quarter. Removing these one-time expenses, its adjusted E…

Industry watcher says recent Shopify ruling could embolden companies to challenge CRA data requests

According to one tax industry expert, Shopify’s win in its two-year fight against Canada’s tax authority could encourage other companies to challenge similar requests to provide client data.  “I think this may empower a lot of these companies in Canada to be more encouraged to challenge the CRA on their requests rather than comply.”  Mohammed Al-KhoolyCoPilotTax Last week, the Federal Court of Canada sided with the e-commerce giant against the …