Quote:
Originally Posted by Locke
This is sort of the funny part, not all servers are upstanding, income-declaring Citizens, oh sure, most would declare 'some' of their tips, or maybe they just keep bad records, who knows? Bartenders and Waitresses are not renowned for their fastidious bookkeeping.
But getting tip income that mysteriously slips through the cracks occasionally but more taxed and declared payroll income is likely to leave them in a worse financial position overall.
But what can you do right? The Government has to help low income earners earn more income!
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Would they be in a better spot if they were ever audited by the CRA and found to have been hiding their tip income? It’d be interesting to figure out where the tipping point(no pun intended) would be for a server who is actually paying taxes on their tips as income on top of the wage to be losing money from the increase. Although I guess it would vary quite a bit for each individual based on their tips.