Money Question

[Moraff]

Fair enough.

I think when dancers start buying condos and homes while not filing taxes or underreporting, that's when they open themselves upto scrutiny.

yup, but my "audited by association" would be (for example) if the club got audited, the employees may also get tagged for audits... especially if the club was being investigated for payroll oddities.

 

[Serpent]

yup, but my "audited by association" would be (for example) if the club got audited, the employees may also get tagged for audits... especially if the club was being investigated for payroll oddities.

well......how would the CRA know who they're? you're assuming they provide real names/SIN or are even on the payroll. I dont believe freelancers in the west end who do the high mileage services (and pull in significant dough) register themselves.

 

[Moraff]

well......how would the CRA know who they're? you're assuming they provide real names/SIN or are even on the payroll. I dont believe freelancers in the west end who do the high mileage services (and pull in significant dough) register themselves.

That's entirely possible. I can't comment because I don't have working knowledge of how strip clubs operate. I think (but am not positive) that dancers (freelance or otherwise) are required to be licensed and the clubs are required to record that info.

Of course if someone is earning money without having to put their real name/SIN out there, then yes it is much more difficult for CRA to track 'em down, usually comes down to someone making a complaint then. But I do know people who work in the Audit division of CRA and they can do a lot of digging when they get on the scent of something.

 

[Serpent]

Of course if someone is earning money without having to put their real name/SIN out there, then yes it is much more difficult for CRA to track 'em down, usually comes down to someone making a complaint then. But I do know people who work in the Audit division of CRA and they can do a lot of digging when they get on the scent of something.

For sure....but keep in mind strippers do not operate like regular people. Fake IDs, fake names...anything is possible. While they stay "cash only" and no assets, they're fine. But when they start owning property in their own real names...well, that's the chink in the armor. But then the CRA isn't really doing to net a lot based on a random complaint...unless they're checking the asset to income ratio of every property owner in the GTA, they won't get much far.

 

[Peter123]

just takes a pissed off person

CRA is not omniscient. How will they know who's earning cash if there is no audit trail or income report?

especially one with any kind of legitimate "pull"

and if we want to discusss SPs and such...people from ALL walks of life used them...heck even CRA auditors, cops, etc use them (and before they all stop talking by calls and emails I'm NEITHER!! )....lots of ways to find out who someone really is and then get them checked out....

but we are going round and round on this one

 

[tboy]

CRA is not omniscient. How will they know who's earning cash if there is no audit trail or income report?

Who's making that phone call when buyers and sellers deal in cash or barter goods & services for mutual gain?

True, nobody may be totally invisible, but the rare chance that someone might out them is not a 'radar'.

The radar works when one of the parties has an obligation to report payments or income, or when there is some business registration system involved.

One anonymous (even if false) phonecall and they'll be on you like white on rice.

A directive of an elected official (Like Harpo said he'd go after contractors and he is).

Anyone see the movie "american gangster"? All it took was for a cop to see Denzel's character wearing a chinchilla coat to spark an interest and that is a true story too.

All it takes is for an auditor to see someone driving a Gallardo while on his way to work/audit/bank/soccer practice.......Youhave to remember: CRA has thousands of people on staff whose job is to seek out those hiding income. Kind of like trouble: if you go looking for it hard enough you'll find it.