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You can purchase Canadian permanent residency for $800,000 through Quebec's Immigrant Investor Program. This has a big impact on Canadian tax policy because the
by eigenvector 11y ago
You can purchase Canadian permanent residency for $800,000 through Quebec's Immigrant Investor Program. This has a big impact on Canadian tax policy because there is no way you can discriminate between foreign and domestic ownership - foreign investors can simply buy a PR card and avoid punitive taxation of foreigners. There are still foreigners in the normative sense of the word, as in they don't and have never lived in Canada, but in the eyes of the law, they are the same as an permanent immigrant.
- jonknee 11y agoYou can require presence in the country to a homestead exemption. If you aren't in the country for a large amount of time (say, 180 days) you don't get your exemption. Between that and having it only apply to a single property the incentives to park cash in an empty Vancouver apartment are diminished.