CRA Tackles The Underground Economy
The Canada Revenue Agency is sponsoring a national video contest that will tackle the long standing issue of the underground economy. Titled The Underground Economy - Not Your Problem? the contest invites video submissions from Canadians on why the underground economy is bad for all of us.
The Minister of National Revenue, The Honourable Jean-Pierre Blackburn, had a meeting with students at Algonquin College in mid-February for a discussion regarding the underground economy and its impact on them both personally and professionally. Many of the students who will be graduates of the college will become tradespeople and have significant potential for exposure to the underground economy.
The underground economy offers both an unfair and illegal advantage to those that operate within it by non-compliance with Canada's tax laws. By exposing college students to this at an early stage, and particularly in a genre they are familiar with, YouTube videos, they are opening up their eyes to the impact it can have on aspects of the economy.
The CRA YouTube channel is being launched to provide all Canadians with an opportunity to present their ideas on how the underground economy can impact them, their businesses, and their own communities. Submissions will be accepted until April 30, 2009. For more information on the contest, link here