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I would imagine this is not physical cash but funds in a bank account. You would need to launder the money first to get it into the financial system before mak

I would imagine this is not physical cash but funds in a bank account. You would need to launder the money first to get it into the financial system before making the real estate purchase.

lstamour 5y ago
That’s what Canadian banking is for, just have a lawyer set up a local account for a foreign entity, transfer money through a Canadian bank and just about everybody will take it next. Or so I hear… https://projects.thestar.com/panama-papers/canada-is-the-worlds-newest-tax-haven/ https://projects.thestar.com/panama-papers/canada-is-the-wor... Who knows if that’ll change https://www.mccarthy.ca/en/insights/blogs/techlex/canadian-anti-money-laundering-requirements-changes-effective-june-1-2021 https://www.mccarthy.ca/en/insights/blogs/techlex/canadian-a... or more broadly, https://www.iisd.org/itn/en/2021/06/24/the-end-of-tax-incentives-how-will-a-global-minimum-tax-affect-tax-incentives-regimes-in-developing-countries/ https://www.iisd.org/itn/en/2021/06/24/the-end-of-tax-incent...