MICHAEL CHRISTENSEN405G

BackgoundThe Construction industry in Canada is a

strong indicator of the country's economic strength. It is a $171 billion industry that employs 1.24 million, and consumes 40 % of the country's energy and 50 % of its primary resources. For contractors to remain vital, the construction industry is demanding better, safer, energy-efficient and more affordable construction materials and technology. Statistics Canada recently released a report on the underground economy in Canada that is essentially an attempt to gauge the extent of market-based economic activities, whether legal or illegal, that escape measurement because of their hidden, illegal or informal nature. The report’s key finding: “In 2012, total underground activity was $42.4 billion in Canada or about 2.3% of gross domestic product.”

ResultsThe residential home building and remodeling industry is one of the key culprits that accounts for 28.3% of the total. There are many homeowners that are having home renovations done that will paying cash that the contractors aren’t charging or paying the government the taxes.

We see it all the time in a lot of industries, people trying to get out of paying their taxes. It is a wonder how much money actually doesn’t get taxes paid on it. Ethically, this is not good. The contractors who don’t charge the required taxes are not competing fairly. The consumers who are complacent in such tax avoidance aren’t paying their fair share of the national tax burden. Looking at the numbers this charts seems to be a little misleading. For additional information, please contact:

ReferencesEthical issues in the construction trade. http://ecmweb.com/content/construction-industrys-ethical-dilemma Aug 1, 2005Ellen Parson | Electrical Construction and Maintenance The Construction Industry's Ethical Dilemmahttp://www.nrc-cnrc.gc.ca/eng/rd/construction/index.html INTROUnder Ground Economy http://www.canadianbusiness.com/blogs-and-comment/how-big-is-canadas-underground-economy-42-billion/,May 4, 2015 Chris MacDonald

ConclusionI have taken many opportunities to

better myself as a contractor and take classes and trainings to do so. There is more to just running a company than collecting money. I feel that if you can make a name for yourself first as an honest and reliable person the jobs will start falling into place. Taking this class and learning the different steps that can help you do this is better than learning it the hard way. Of course there are plenty of ups and downs in the road as you try and create a business, but if you can go into it with an open mind willing to learn new things and better the things you already know there is no room for failure.

CANADAS UNDERGROUND CONSTRUCTION INDUSTRY

ENERGY

We are all finding new resources and renewable resources to implement into our own industries so that we aren’t leaving such a large footprint on the earth. I thing that material waste is also an ethical area that needs to be addressed in the future so that we are getting the most out of the products use, especially the non-renewable resources