Shopify\u0027s CEO says the company will fight a request from the CRA to turn over six years of records for Canadian stores.
Activate your Online Access NowI don't particularly want a fight with the CRA - but we got asked to backchannel them 6 years of records for all Canadian Shopify stores. This feels like low-key overreach to me. We will fight this.Federal Court documents show the minister of national revenue began seeking the records from the Ottawa-based e-commerce business in April.
All parties involved are asking for a one-day hearing on the matter to take place between Feb. 13 and March 17, 2024.Asked about what it is trying to ascertain from Shopify’s records, the CRA said it uses information obtained through “unnamed persons requirements to identify taxpayers that may have been non-compliant and verifies that they have appropriately reported their income and have satisfied their filing obligations.
Lutke took responsibility for the first round of layoffs, admitting he wrongly estimated how much the COVID-19 pandemic would accelerate Shopify’s growth.
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