• Nicole Silver - Trusted Pros

6 Things you didn't know about paying your contractor in cash....

Updated: May 8


Under the table home reno deals can come back to haunt you!


With the residential renovation industry about to restart after the coronavirus outbreak swept the Canadian economy the incentive for under the table contractors and homeowners will be extremely high. Illegal, non licensed people who call themselves contractors (they are not!!) will do anything to entice homeowners to take the cash deal for their projects.


Nicole explains very well how the under ground economy is bad for me, you and the rest of Canada in a great article on Trusted Pros.

Paying for a home improvement or construction work in cash to receive a 'discount' on the tax isn't as glamorous as it may seem. That fact goes for homeowners and contractors alike.

https://trustedpros.ca/articles/general/6-things-you-didnt-know-about-paying-your-contractor-in-cash-contractors-spill-and-tell-us-why-paying-for-home-improvements-under-the-table-is-all-wrong

Dave

360renos.ca

#cash #contracts #tax

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