Cash Deals Part 2

Back to the theory of the honest tradesmen. The myth that the tax system as being illegal has been proven not to be true. It was true that the income tax act was suppose to be temporary, to help finance the Great War, but has never been repealed. Before the war expenses f operating the country were minimal. Health Care or education did not require the huge capital layouts that the require today.

The Income Tax Act mandates that all cash payments are subject to GST, and you have to report them on your annual income tax return. If one fails to do so, whether by neglect or with malicous intent it results in tax evasion, which has serious legal and economic consequences.

Is Avoiding Paying GST worth the Effort?
The punishments ranges from: pay significant fines, to
loosing your assets, to have your name published in the newspaper or on the Web or going to jail.

Don't think I'm fooling about the comment above. CRA does publish the names and cases of offenders on their website. The only question remains, Is your name up there?
The URL is :http://www.cra-arc.gc.ca/newsroom/convictions/menu-e.html
(the website included personal income tax fraud as well as failure to report and pay GST).