Quote:
Originally Posted by Ferra
tons of money are flowing into Canada tax-free because the money maker is supposedly "non-resident"...
Why not just start taxing the inflow of money regardless of residency.
Now you can't have a father send $3,000,000 to his son in Vancouver to buy a house without paying half of it in tax.
No more family buying $3million property with a $20K income and paying pennies in taxes. (I recall Richmond's median income being something like $24K, which is absolutely a joke considering the housing cost and living expense)
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I'm not an economics professional, but if someone is purchasing something in Canada, isn't it kinda good for Canadian economy in a way?
Essentially, they're bringing in Chinese money into Canada.
A lot of people complain when Canadian money goes overseas and lose their business...very typical for online shopping.