71 per cent of contractors doing ZERO cash work: Canadian Contractor surveyCanadian Contractor
71 per cent of contractors who responded to our survey are going to Revenue Canada Heaven. They say they do ZERO cash work, whatsoever. And of the 29 per cent of respondents who DO take cash, the vast majority (25% of total respondents) say they limit their cash deals to less than 10 per cent of their annual volume.
71% of the 381 contractors who responded to our recent Canadian Contractor Salary Survey say they are 100% cash-work free. 25% of respondents said they did “up to 10%” of their work on a cash basis. 3% admitted to doing “10% to 25%” of their jobs for cash. 1% of contractors did “more than 25%” of their projects on a cash basis.
The 71% “zero cash” contractor number is unchanged from our last survey, a year ago.
The Canadian Contractor Salary Survey, in its entirety, will be published in the next print issue of the magazine.