Consumer alert: Underground contractors can cost you everything Toronto ON

With the home renovation season upon us, you might be thinking of hiring a contractor. There are many reputable contractors in your community ready t ...

The Energuy Home Energy Advisor - Toronto
(877) 636-3748
Toronto, ON

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Noah Homes
(519) 322-5926
Ruthven, ON

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Lasko Construction
(416) 826-5600
Toronto, ON

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Snow's Construction
(416) 432-8458
129 Times Road
Toronto, ON
 
TradePro General COntractors Inc
(416) 752-1585
31 Presley Avenue
Scarborough, ON
Services
Renovations

Basement Renovation Guys
(647) 497-5332
832 Bay St. Suite 2210
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Windmill Gardens
(416) 972-1388
Toronto, ON

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Abbotsford Group Inc. - Custom Builders
416-249-3939
Toronto, ON

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Como Disposal
(416) 252-6641
4 Grand Avenue
Toronto, ON
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Excavation, Demolition, Dumpster Bin Rentals, Oil Tank Removal

TradePro General Contractors Inc.
(416) 752-1585
31 Presley Avenue
Scarborough, ON
Services
Additions

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Consumer alert: Underground contractors can cost you everything

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(NC)-With the home renovation season upon us, you might be thinking of hiring a contractor. There are many reputable contractors in your community ready to do the work and willing to sign a contract to make sure both parties are satisfied when the job is done, and protected if something goes wrong.

Not all contractors play by the same rules, though, and if you get stung by one of these underground contractors, you could lose everything - your peace of mind, your savings, even your home.

Sound serious? It is. As the owner of the property where the work is taking place, you are legally responsible and liable for any damages or injuries that occur on your property, regardless if someone else is doing the work. If that contractor becomes injured, or causes a life-threatening hazard due to sloppy work, you can be sued. A professional contractor is covered by his own liability insurance.

Without a paper trail - no contract, no warranty, no estimate or invoice - there is absolutely no record that the work was done, who did the work, or that they were even paid.

If you participate in the underground economy, whether as a buyer or a seller, not only are you putting your own safety at risk, you are taking away tax dollars from the health care system, government pension plans and employment insurance, to name a few.

Evading taxes is unfair to honest taxpayers and it's illegal. The Canada Revenue Agency has more than 1,000 full-time employees dedicated to catching these underground entrepreneurs, and once they "get their man or woman", the result can be hefty fines or even jail time.

If you want to do some homework on the issue, check out the Taxpayer Alert section of the Agency's website at www.cra.gc.ca, then click on the Underground Economy link.

Credit: www.newscanada.com