Quote:
Originally Posted by alltherage
I don't understand how they can do this. Ofter times product sells for cheaper on Ebay. How is that a profit and how do they know where and how much profit is being made?
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There's all kinds of ways they can catch you. Check bank records, ask for receipts of purchase...if you can't come up with them they asess a value and tax you based on that.
I've been audited before for taxes and GST, and it sucks. We get full audits from a firm downtown every year, and they still found all kinds of stuff deemed "inadmissable" as expenses.