Quote:
Originally Posted by nomad
And when the CRA audits you, they will ask why you didn't declare all of your revenue. What will you say? "I declared my true income, but some of these invoices are fake." You will then be faced with a reassessment for unreported income, and if there's GST collection involved, CRA will also go after you for not remitting all of the GST you were supposed to remit. Not to mention penalties.
Your chances of getting audited will also increase when you deal with a fraudster, because CRA will probably audit the fraudster at some point, and will then eventually go after the fraudster's associates, you being one of them.
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Not sure what you're trying to say, revenue is just what you took in. If you invoiced and didn't get paid, that would be bad debt.