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Originally Posted by 11:11am
yo i would like to knwo about canadian law for that matter!
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I don't know canadian law regarding income tax, so take this for what it's worth but if you have a paypal/epassporte, etc. account and withdraw that money into your bank/atm exactly how will Revenue Canada know? They don't have access to your bank records and if you use ePassporte the funds may never see your bank.
Taxable income is only worth reporting if someone else reports it too (e.g. an employer). Then they have a record of what you made to compare to what you report.
Now, if you're living in a $500K home and your reported income is $35K/year it may raise a flag somewhere ...
