Quote:
Originally Posted by Snuffleupagus
I won't comment on the marriage but the bolded is not true, if you have a decent place with the right system you can put a couple hundred grand in your jeans tax free every year off the books. There is great money in selling booze and food. A properly run pub with a good lease should profit 32-36% of sales, a good system shows a profit of 20% on the books and the rest is for the stress. 
P.S. I don't answer PM's from CP members working for revenue canada  |
I know of a business on Centre Street that was under reporting income for tax reasons.
When the Centre Street bridge was closed for a couple years and they had to rely on insurance for the business interruption, it sure sucked for them having payouts based on their book values.
So much so, they went out of business.