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They are if they don't follow rules. Your political issues do not free you from following tax law.
by mtnGoat 6y ago
They are if they don't follow rules.
Your political issues do not free you from following tax law.
- dirtyid 6y agoEvading Chinese capital outflow restrictions occurs on the Chinese side. Vast majority of real estate in Vancouver adhere to Canadian law, the industry is very well developed, agents and lawyers cross their T's and dot their I's. The issue is there are just too many wealthy Chinese people. Essentially any Chinese citizen who owns property in tier1 Chinese cities, many snatched up 20 years ago for nothing, can afford to buy 1M+ homes in Vancouver or Toronto if sold. None of it involves black money, just being lucky at the right place at the right time and having a desire to live in Canada. The TL;DR: is there's like more legitimate Chinese millionaires by wealth than there are Canadians.
- valuearb 6y agoWhat Canadian tax laws are they violating?