Yet, Canadian universities (and voters at large) welcome these students (many of whom cannot even muster the English language at a passable level) with open arms.
Deans and universities’ bureaucrats appear quite happy to sacrifice academic quality in exchange of cash.
The influence of mainland Chinese money is corrupting many institutions and people.
When I hear the frequent slogan: the world needs more Canada! I cringe and think: please no. We don’t need another hypocritical country that launders illicit money, pollutes more per capita than most other countries in the developed world and yet arrogantly claims the high moral ground. Sadly, Canada circa 2017 really sucks if you are law abiding citizen.

I am sure that in the last four years everything changed in mainland China. Now they would all be disgusted of even contemplating to cheat.

Still “just following the money”?

The fact remains they got caught. So don’t try and pretend that there’s no enforcement, dumbass.

Ok, you convinced me. We have fully eradicated the problem of false representation by Chinese mainlanders who try to immigrate to Canada while generating income in Chiba.
Problem solved.

One of the problems is Asians tend to use (2) or more names. a Chinese and an Anglophone name..and Chinese women often use their maiden names. One time amnesty??? IMHO this would expose serial abusers..y’know..those parties that build a new house every couple of years and sell…this is rampant in the South Asian community…..be prepared for the SHTF discrimination cries when CRA can no longer hold back. The CRA magic wand is simply assessing th e situation and determing if it is a (i) business or (ii) and investment. If you have built say 4 homes in 7 years and claimed Principal Residence on each, they may say no..you are in the business of building homes…no exemption. ….as I said…Trudeau and company set up red flag traps on RE last year….now they are going after small business. PS..one reason I… Read more »

Don’t make David Eby angry. He is on the other side now.

Bingo!! Some have 2 passports.

Having 2 passports does not help avoid tax.

you cant have it both ways where some schmuck is writing off this and that all while claiming principal residence exemption (and no business/rental income whatsoever) at a later time.

The question is if capital gains should apply (as in there is no principal residence exemption), then should calpital losses be claimable too (just like a stock held outside of a registered account)?

Nobody is talking about allowing capital loss deductions whilst keeping the exemption for gains.

got it.

for what it’s worth there would be rioting in the streets if there was even the slightest rumbling of such a measure. if anything, the powers that be go the other direction, hit the nuke button and allow mortgage interest to be fully deductible at some point

Advise people to look at CRA rule changes circa Oct. 2016… Have a CA tell me that average person has a 90% chance of not getting audited…we know there are a lot of cheats out there. When the Hong Kong er came, a lot of them bought homes that sat empty for months if not years..the mail piled up addressed to distinctly chinese names…who never lived there. Obviously they took some experts advice. It appears that CRA and Gov’t were lobbied by Law Societies to back off….as the Lawyer Client privilege was used as a means to grant quasi immunity . Ironically it was a caucasian lawyer and a South Asian builder who worked a $50 million RE ponzi scheme that forced a big levy on BC Law Society. members. My guess is CRA will go after mid stream fish… Read more »

Depends….. My guess s is MOST suites are illegal, and likely rent income unreported….though CRA (, due to privacy walls that exist between jurisdictions)… doesn’t get involved on a suites legality per se…just the ca$h flow baby. But..here we go again..if the hammer came down and the powers that be did a massive clampdown on illegal suites…a whole other problem of homelessness and displacement would be massive…again..the turn a blind eye. If you go the “authorized ‘route…you become liable for building code compliance, and now more of a naked target. It comes down to worrying about a tenant ratting you out or not… The irony is the rooming house option..whereby if you rent separate rooms and the tenants share bathroom and kitchen….its “legal” ……..It often boils down to whether you have a separate “stove plug “or not…….it can be quite… Read more »

Not for people who own outright or have small mortgages, which there are many of.

The renters tax credit may have outed landlords. But now it will never happen.

How would you deduct the interest expenses from the gains when the gains may not be crystallized for 30 years?

Well said. Real Estate speculation is not investing it is gambling. A professional investor is looking at ROI not some fairy tale pie-in-the-sky maybe speculative return if they can sell to a greater fool.

IMHO, stocks used to be a good investment…..but seriously, excluding blue chips… unless you are an insider you simply wait for a “Greater Fool”. ..moreseo since many markets have global exposure..aka usually some” pump and dump “crooks take over that shelter funds in various tax haven. Real Estate lure is the historical demand for “king of the castle”….. primal instinct for independence and autonomy. This is not to say it isn’t manipulated as well..but at the end of the day “someone” ends up owning whats left……as opposed to a stock like Bre X or NorTel with huge capitalization which effectively vanished. That Dot.com mania far exceeded any Real estate pump and dump. Like precious metals as an investment….credible advisors say take physical possession of the asset..DO NOT purchase paper rights….or you can be SOL via getting sucked into a quasi… Read more »

Equities are a good investment if you do your homework. The problem is most people are too lazy to do their due diligence. It takes WORK to make money in the stock markets whereas real estate is the lazy man’s way to perceived wealth.

Yup.

The way Justin and the NPD spend money there won’t be enough to extract from those who declare income. As they skim more, less will get reported, and less will get earned as taxes are a drag on the economy. At some point they will have to come after those RE assets with some type of tax.

So your position is the”have nots” should pay most of the taxes? You need to read your antifa manual. That is not their position.

There are 1000x more of them, so why not? You’re deluding yourself if you think a couple of hundred thousand people can support the rest of the population.

I am not asking for a couple of hundred thousand to support the rest of the population. I am asking for those people to pay enough taxes to support their own services that they consume. When the gov looks for tax increases why do they keep coming to the people who already pay the most. Why should I pay the way for a house rich millionaire with a poverty level declared income. Especially when it is fairly obvious many have much higher incomes based on lifestyle. It also adds fuel to the housing bubble, which in the end, will come back to bite these same people who are riding it.

I’m sure the targets of your hatred pay more than their fair share of taxes based on what they actually consume.

You’re not subsidizing the rich.

As usual, your statements have no factual nor intellectual content. So be it.
YVR told you something 100% correct. Accept he is right. Stop fighting losing battles.

“targets of your hatred”

Can you alt left wackos come up with something better? A discussion on taxation which started with me referring to house rich local elderly who live in Vancouver and are counted in the poverty class is now hatred? You pull the racist card every time you can’t win an argument or something doesn’t go your way. I feel for the poor people that have to work with you or deal with you in real life.

Except you just made that up.