January 19, 2023
We Think 25% To 30% Of Canadian Labour Force Was In Gig Economy In Canada In 2016... Statistics Canada Thinks It Was 8% To 10%
According To Statistics Canada In 2016 8% to 10% Of Entire Canadian Labour Force Participated In The Gig Economy
We think that once again Statistics Canada has demonstrated that they are struggling with their data sets.
For those that follow Statistics Canada on their monthly employment reports you will know that Bay Street and Wall Street has been expressing a surprising amount of quite public concern around accuracy & the size of revisions made months later.
We think these Stats are also equally problematic.
If Intuit (maker of TurboTax where you have to report Gig Income) said in 2017 that 34% of the entire US labour force received some or all of their income from the Gig Economy wouldn’t the number in Canada be roughly the same for the same period.
Let’s allow that Canada is more socialist. Has a bigger social safety net. Has a lower disparity between rich and poor… Has other “unique characteristics” that make it different from the US…. It still doesn’t account for a 300% to 400% difference in numbers.
We think in 2016/2017 that the size of the Gig Economy (defined as someone that derived some or all of their income from non-traditional employee status) in Canada was roughly 25% to 30% of the entire Canadian labour force.
Now here is where things get interesting… The makers of Turbo Tax will know exactly how many tax payers reported “Gig Income”… Does this suggest that the CRA has come to the same conclusion as we have? That the numbers reported by Stats Canada don’t add up and is that perhaps the reason why they are targeting the Gig Economy and Gig Economy workers in particular?
Tim Cestnick warned all Canadians in May of 2021 that if you were in the Gig Economy the likelihood of an audit increased dramatically as the Gig Economy was a target of increased focus and audit activity : https://www.mobilityview.com/media/related-links/canada-revenue-agency-cra-to-target-gig-economy-workers-sharing-economy-revenue
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Article Sources :
- Statistics Canada Survey For 2016 Gig Workers :https://www150.statcan.gc.ca/n1/pub/45-28-0001/2020001/article/00021-eng.ht