Quote:
Originally Posted by Ferra
They should've done that a long time ago.
Tho I wonder, how does CRA confirm if the immigrant are using money they had before they immigrated to Canada to buy the properties (100% not taxable), or they are continuing to earn foreign income yet not reporting it? (unless they severed all ties and are non-resident, 100% of their foreign income are still taxable)
I guess when they immigrate to Canada, they have to declare all the details of their assets and net worth?
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nvm, read the articles...they are not auditing people with unreported foreign income.
they are just auditing people making profit house flipping