Canada’s Underground Economy
Is ‘under the table’ really worth it?
What is the underground economy? It is when people partake in business activities and work but do not report that income on their tax returns or pay the appropriate amount of sales tax. This ‘industry’ is estimated to be an over $42 billion dollar per year conglomerate in 2015 alone, it has undoubtedly grown since then. Why is this an issue you ask- because the CRA knows it exists and has many people on its payroll whose job it is to uncover income people are hiding. The Cana