RCC Offers Trade Program

The Retail Council of Canada (RCC) and BarterPay Canada Inc. have partnered to bring the RetailBarterPay trading platform to retailers across Canada. Through the platform, retailers can now have access to a wide variety of goods and services without needing to use cash by trading excess or slower-moving inventory at no discount. This can be in the form of hard goods or services that are monetized into BarterPay Barter Credits – one credit equals one Canadian dollar for valuation, accounting, and tax purposes – which can be exchanged for any goods or services offered by other businesses who are also on the network. Credits are recognized as a cash equivalent by the Canada Revenue Agency (CRA).