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What does Revenue Canada think about barter?

April 26, 2017barter revenue think

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What does Revenue Canada think about barter?

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Revenue Canada accepts barter as a legitimate method of payment. Revenue Canada recognizes emerce as a third party record keeper for barter transactions. Revenue Canada requires that all barter transactions be reported on your business returns. emerce will issue monthly statements to reflect these transactions. For accounting purposes, barter income should be treated like cash.