Mr. Speaker, recent estimates of the size of the underground economy range from $20 billion to $140 billion per year. Even at the low end of the range the loss of revenue to Canada is significant enough to warrant the urgent attention of all Canadians.
When a consumer is offered a lower price in return for a cash payment and no invoice not only are they condoning tax evasion, they are also hurting honest taxpayers. Under the table economic activity creates unfair competition to honest businesses, resulting in bankruptcies and loss of jobs. It means lost revenue necessary to sustain health, education and other essential eco-
nomic and social programs, and it means honest taxpayers must bear the burden of those who do not pay their fair share.
The preferred approach to reducing the underground economy is voluntary compliance. Therefore I call on all Canadians to just say no to tax evaders. If everyone pays their fair share we will all pay less.