PlankBender suggested
"...this is a bit of a grey area...".
There is nothing "grey" about it - I suggest he read the CARs - in black and white!
I actually considered locking the thread as there is simply nothing more to add, but decided against it waiting to hear some "alternate and enlightened interpretation" of the regulations to "justify" commercial operations in a private aircraft, with PPL pilot.
I'm yet to hear one of these schemes which would last more than two minutes in a Court of Law!