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Estimating unreported income can be a challenge in tort personal injury claims

Monday, August 21, 2017 @ 9:09 AM | By Natalia Raimondi

Underground economic activity totalled $45.6 billion in Canada in 2013, or about 2.4 per cent of GDP, according to Statistics Canada. Residential construction, retail trade, accommodation and food services accounted for more than half of the total underground economy, mostly in the form of unreported income through cash payments.

Prevalent in small, service-oriented enterprises, many business owners — such as mechanics, estheticians, hairdressers, tradespersons and restaurateurs — find cash transactions appealing, since businesses can avoid collecting sales tax, remitting sales tax and reporting a portion of...