BC, Canada, debt, economy, equity, foreclosure, politics

CRA Freezing and Seizing Tax Cheat Assets

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The CRA is now using ‘proceeds of crime’ provisions to freeze assets and seize property of tax cheats.

Tassé said the proceeds-of-crime provisions can also be used to seize property outside of Canada. For example, if the CRA believes that someone has engaged in offshore tax evasion and used the proceeds to buy a vacation home or a yacht, the CRA could freeze or seize those assets.

Using the proceeds-of-crime provisions also can block tactics used by some tax evaders, such as declaring corporate bankruptcy to avoid paying the taxes, said Tassé.

Read the full article here.

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Shut It Down Already

Helping Vietnamese Sex Slaves Escape from China

They are among tens of thousands trafficked into China from impoverished pockets of Vietnam, Cambodia, Myanmar and Laos.

They are tricked, lured or kidnapped and sold as wives and prostitutes across the border, some ending up deep inside the tightly-controlled Communist country.

https://www.richmond-news.com/news/asia-pacific-business/the-daring-china-rescues-bringing-vietnam-s-trafficked-girls-home-1.23533623

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Oracle

In 7 days, we will know of the GreeNDP fails or gains power indefinitely.

Countdown is on…

If it fails, I can see the leader of the Green Party resigning. That party will be done for.

The Liberals will start to ratchet up the election machinery.

NDP will probably be laughing at the Greens.

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bullwhip29

fast forward a bit…

prov Libs back in power and bending over backwards to appease chinese buyers, businesses, tourists with the help of the feds. although i didnt necessarily see things playing out this way, i have said for a while that the FBT would be rolled back due to one reason or another. with all the backlash that is currently materializing (and being amped up further) a move like this is a pretty much a slam dunk now. so at end of day, meng will walk away from this being a few million richer (and cured of her cancer)

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Bag it and tag it

How about say nothing until we get the results back, then you can tell us what the actual result means…I’m sure we’ll all be very anxious to hear your input then.

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Shut It Down Already (original)

He’s covered every possible outcome so he’ll start out with “As I predicted….”

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bullwhip29

A wiser government would have warned Meng Wanzhou to stay away
https://www.theglobeandmail.com/opinion/article-a-wiser-government-would-have-warned-meng-wanzhou-to-stay-away/

>>> as i said earlier, maybe Trump is helping Xi purge more intolerables from his inner circle? whatever the real reasons this occurred, it seems very clear to me that we are not getting the whole story.

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Bubble

Interesting:
“Yet with Ms. Meng free on bail, she may well skip the country. The idea that some security guards and a GPS anklet could prevent this from happening is naive at worst and hopeful at best. The Chinese government has hundreds of officials and agents in Vancouver, and dozens of airplanes and cargo ships depart for China each day.”

The government lawyers missed the chance to keep Ms. Meng in detention.

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bullwhip29

Attorney General David Eby never knew about RCMP’s secret report on money laundering until it became public
https://www.straight.com/news/1177466/attorney-general-david-eby-never-knew-about-rcmps-secret-report-money-laundering-until

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Oracle

So basically he was twiddling his thumbs for over a year in office and making up phrases like ‘icbc dumpster fire’ and then raising rates.

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realist

The AG’s assertion that he and Peter German, the former deputy commissioner of the RCMP, were unaware of the RCMP’s report bespeaks extreme disorganization & miscommunication within the justice system which has rendered it incompetent to discharge its responsibilities – which the AG also acknowledges…”I still remain concerned that British Columbia and Canada simply do not have the resources or capacity to investigate and convict—prosecute and convict—those involved in transnational organized crime and money laundering,” A casual inspection of Vancouver suggests how right he is.

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bullwhip29

Canada’s priciest condo relisted – at $8M off original price
https://www.vancourier.com/real-estate/canada-s-priciest-condo-relisted-at-8m-off-original-price-photos-1.23535761

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Laibach

Fucking locust who ate the community.

“The median annual household income for the Dunbar-Southlands neighbourhood was $104,450 in 2016, according to Statistics Canada — well above the citywide average of $72,585. But residents who talked to StarMetro said they purchased their homes decades ago, when a working professional could find an affordable home in the city.”

https://www.thestar.com/vancouver/2018/12/13/for-neighbours-of-huaweis-meng-wanzhou-her-story-is-more-about-housing-grievances-than-global-intrigue.html

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Shut It Down Already (original)

“Does it change anything (about Dunbar)?” one of the women, who declined to give their names, asked rhetorically. “I don’t think so.”

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Laibach

“But Meng’s house has long been regarded by locals as a stereotypical Vancouver “empty home,” the women said. They are a common sight these days in Dunbar and are a sore point for longtime residents. Many people raised their children in the neighbourhood and find it hard to accept that those kids would never be able to afford to live in the place where they grew up.”

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Shut It Down Already (original)

“During the bail hearing, Meng’s lawyer said her in-laws lived in the Dunbar home four to six months out of the year, while she herself spends several weeks there every summer.”

So it’s not empty. There’s really no story here, you’re simply trying to manufacture one.

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Simple Solution

Except the neighbors that were interviewed on TV said the house was occupied a few weeks a year…. Im sure they were lying tho. No way Meng or her lawyer were lying

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Shut It Down Already (original)

It’s more likely that the person who wasn’t under oath was mistaken, wouldn’t you agree?

There’s also flexibility in what “a few weeks of the year” means or how somebody might be able to accurately gauge occupancy from random casual observations.

It reminds me of the idiots who think condo towers are unoccupied because many of the lights are off. It’s just dumb to not consider that people might be out that evening or perhaps have the lights on in only one of their rooms.

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southseacompany

“What is the future of Australia’s housing market?”, ABC News Australia

https://www.youtube.com/watch?v=usfe9Ue6H90

“For years now the real estate discussion has been all about rising house prices in Sydney and Melbourne and how hard it is to buy a house or find an affordable rental. But not any more. Some are predicting that we’re at the start of what could be the deepest and longest property downturn in Australia’s history.”

Worth the watch. Obviously, this program is not brought to you by Remax.

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Oracle

North shore MLA Thornwaite let it out.

Spring election if PR vote fails. They won’t try to bring in Uber again. They will run on the Greens and NDP opposing it.

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Laibach

Someone build a house in the middle of the road!

A car reportedly crashes into Richmond house

https://www.richmond-news.com/news/car-reportedly-crashes-into-richmond-house-1.23524656

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Canada is for Canadians

Why are there so many strange automobile incidents in Richmond? Oh wait I know why ….

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Best place on meth

Seems they can hit pretty much anything except for a correct turning lane.

https://www.richmond-news.com/news/video-suv-barely-misses-pedestrian-in-richmond-1.23461122?utm_source=dlvr.it&utm_medium=twitter

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Oacle

Just so we’re sure. Its icbc allowing foreign drivers licence holders to drive and insure here.

Car dealers sell lots of white SUVs. So the kickbacks.

But 2 problems.

Many licences just bought overseas.

And they have to drive on the opposite side of the road and the steering is on the opposite side.

But you have to pay for these rising costs.

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Simple Solution

well you know how to blind a “richmond” driver? Put a windshield in front of him

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paulb

New
68
Price Change
41
Sold
63
TI:12126

http://www.clivestevepaul.com

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Dave

In three weeks, we start growing again. In the meantime, listings have held up.

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Oracle

Let’s hope so. I’m going to pull the trigger on buying this summer.

Will know if PR passes.

Will know if rates peak.

Will know if Trudeau likely to win again.

Will know if BC Liberals back in.

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Best place on meth

Or, you could just look at extremely high MOI and decide that buying at this time would be retarded.

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Oracle

I just don’t trust Trudeau. He may increase some temp immigration stream that asshole. .

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kabloona

House Prices Fall In Most Major Canadian Cities Amid ‘Cooling Demand’

https://www.msn.com/en-ca/money/topstories/house-prices-fall-in-most-major-canadian-cities-amid-%E2%80%98cooling-demand%E2%80%99/ar-BBQQY3e?ocid=se

“….Many in the real estate industry have declared that Canada’s housing markets have achieved the much-desired “soft landing,” and the country is not in for a severe housing correction.

But the latest data from the Teranet/National Bank house price index shows house prices in Canada’s largest cities have largely turned negative in the past few months.”

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bullwhip29

Pedestrian struck at Lansdowne Centre; RCMP have confirmed the driver and victim are related
https://www.richmond-news.com/news/video-pedestrian-struck-at-lansdowne-centre-1.23535673

https://www.youtube.com/watch?v=JtQlr2OkWUE

>>> I wonder if Nordstrom will take that Cda Goose parka back?

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Canada is for Canadians

Video unavailable.

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Simple Solution

They just took it down… basically an suv hits a pedestrian at low speed and drags him under the car before deciding to stop

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Simple Solution

Im sure it was taken down due to some kind of perceived racism…. what a joke we have become

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Shut It Down Already (original)

The article says why they decided to remove it. But of course you know better.

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Laibach

Right, very convincing reason.

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Shut It Down Already (original)

Right. You always know better.

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bullwhip29

article describes incident incorrectly….is this intentional? seriously WTF?

“A video of the incident has surfaced on social media this week. In it, a woman driving an SUV approaches a man standing on the pavement of the parking lot. She knocks him over while making a right turn, and comes to a stop with him underneath.”

>>> first, the woman did NOT stop. she kept driving and basically dragged the other person 15-20 ft before stopping. second, the driver turned LEFT not right as described in the article. get your f’in facts straight. surely someone will now assume the pedestrian was at fault by not looking while crossing or somehow visibility was compromised or some other bs. anyone that watched or happened to have their flash downloader on (other copies of video will surely surface) knows the what really happened…

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Simple Solution

the pedestrian was STANDING there. only a blind driver could not see him….

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bullwhip29

video re-posted…

https://www.youtube.com/watch?v=cmOUK0xkeIk

>>> again, article does not mention the part about deliberately dragging the man under the car for at least another 15-20 feet.

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bullwhip29

and after watching again it looked as though she would have kept going too if it wasn’t for the other person who run out and stopped her.

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eastender

“An elderly man was critically injured…the driver and pedestrian are related”

no country for old men…

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bullwhip29

37% of Metro Vancouverites think real estate market is ‘extremely corrupt’: report
https://www.cbc.ca/news/canada/british-columbia/vancouver-real-estate-market-extremely-corrupt-report-1.4944726

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realist

The people are learning, but too slowly…

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Laibach

Why China is trying to bully Canada (and not the U.S.) into releasing Huawei CFO

Brock University professor Charles Burton, a former Canadian diplomat in China, said he believes Beijing authorized the Canadians’ detention to send Canada a warning in the Meng case.

He said the “timing” of the arrest seems to be a response by the Chinese government’s statements of “grave consequences.” This is because Meng is not simply a Huawei executive, but she is referred to as China’s “tech princess” and is also a senior member of China’s communist party, along with her father.

https://globalnews.ca/news/4758109/china-bully-canada-release-huawei-cfo/

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Laibach

Why do those lowlifes keep threatening Canada? Even more strange, why is Canadian reaction missing? Canad should expel some of their officials and diplomats immediately due to security concerns. Richmond already has the excess of that shit so picking up oneway passengers shouldn’t be a problem.

https://www.ctvnews.ca/canada/canada-will-pay-chinese-state-media-threaten-repercussions-over-huawei-arrest-1.4216293

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Laibach

Conservative Leader Andrew Scheer said today the Liberal government needs to be more forceful with Beijing regarding the plight of the two Canadians detained in China, attacking what he calls the prime minister’s “naive approach.”

https://www.cbc.ca/news/politics/kovrig-officials-china-canada-1.4944372

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Best place on meth

If they kidnapped and tortured TWO Canadians in retaliation, then should we kidnap and torture FOUR chinese nationals?

And so on and so on until there are no more Canadians in china and no more chinese in Canada?

Sounds pretty fucking WIN-WIN to me!

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Hyper-mega-Bull

China harvested organs from political prisoners on substantial scale, says tribunal

https://www.bmj.com/content/363/bmj.k5250

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kabloona

“Toronto New Home Prices Post Biggest 12-Month Drop Since 1996”

https://ca.finance.yahoo.com/news/toronto-home-prices-post-biggest-133000485.html

(Bloomberg) — Toronto new home prices fell at the fastest pace in more than two decades in October, further evidence that tighter mortgage lending has slowed a boom in Canada’s biggest city.

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Joe Money

Woo hoo!

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Oracle

1.6% LOL

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Oracle

Just imagine the dynamics in Bc in 20 years when there is another 600,000 Chinese here in The lower mainland

You think the threats are bad now? Nothing compared to the threats your kids will face.

A million + people here will hold allegiance to China and you better follow.

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Hyper-mega-Bull

the abductions and threats are china’s way of letting us know that their laws trump canadian laws.

our sovereignty is slipping away bit by bit. we are weekend from within by chinese loyalists. some of whom’s ancestors came here to flee the communists ironically.

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Oracle

Look at the Richmond ridehailing companies. The authorities won’t lift a finger and shut them down.

Meanwhile whites and others can’t have it because it’s against the ‘law’.

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Hyper-mega-Bull

or illegal house hotels.

chinese don’t even need to pay income tax while living canada and earning foreign income. locals are just thankful they pay property and sales tax (given the number of cash only business in richmond i doubt they pay much sales tax).

canadians are working to support the lifestyles of rich chinese. it’s basically slavery.

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Laibach

Hopefully not. I guess they slowly start to see the writing on the wall that this might not be the best place for their shenanigans and parasitizing.

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Oracle

You always see the glass half full. I see it half empty nowadays.

The rif raf coming here nowadays will crawl over others to get ahead.

Meanwhile, there is a video that surfaced that’s making rounds on social media. Landsdowne mall in Richmond SUV hits pedestrian and then slowly tries to drive over them.

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Simple Solution

can you post a link to this video? haven’t seen it making the rounds on my social media

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Shut It Down Already (original)

He won’t post it.

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Simple Solution

HOLY CRAP!

how the F^%K does this person have a drivers license???????

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Laibach

It got grandfathered from the motherland.

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Shut It Down Already (original)

Oracle didn’t post it, dumbass. He never posts links, and I don’t spent all day hitting the Richmond News hitting the refresh button like you do.

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Oracle

You post a link and embedded in it is YOUR personal info if from a social media source…

What you want me to be the target of the communist Chinese party?

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Shut It Down Already (original)

Yes, there’s embedded meta data, but only if you’re an idiot.

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bullwhip29

FP: The arrest of a Huawei executive could affect Canada’s economy more than you might think if China chooses to retaliate
https://business.financialpost.com/news/economy/how-important-is-china-to-canadas-economy

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Hyper-mega-Bull

china is desperate to save face and show the world it’s a masculine and vigorous nation.

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Stratahacker

In that case they should eat less soy. They are flabby and effeminate.

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Best place on meth

Good point, they should eat less soy and more fentanyl.

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Laibach

Lol, masculine and vigorous nation. Good one…

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kabloona

Oh no, shortage of junk to buy at Dollarama coming up….

🙁

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southseacompany

“Douglas Todd: Will building more housing solve migration demand?”, Vancouver Sun

https://vancouversun.com/opinion/columnists/douglas-todd-will-building-more-housing-solve-migration-demand

“It’s time for a new debate over what changes to migration policies may be necessary to meet the needs of those trying to live, work and find an affordable place to live”

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Oracle

So we have 140,000 foreign students here taking up our rental stock according to the article?

Nahhh. That can’t be the reason rents skyrocketed. Face palm.

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Best place on meth

You’re quite right on this one.

Thanks Krusty for doubling the intake of student spies!

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southseacompany

“CMHC: Vancouver Has The Most Indebted Households In Canada, Toronto Not Far Behind”, Better Dwelling

https://betterdwelling.com/cmhc-vancouver-has-the-most-indebted-households-in-canada-toronto-not-far-behind/

“Canada’s most expensive real estate markets are the most vulnerable to rate shock. Surprising, we know. Canada Mortgage and Housing Corporation (CMHC), using Equifax data, crunched the Q2 2018 numbers for debt to income ratios across Canada. The numbers show cities with the most expensive homes also have the highest DTI ratios. The high levels of debt relative to income make these cities more vulnerable to rising rates.”

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southseacompany

“Vancouver, Toronto most ‘vulnerable’ to interest rate hikes: CMHC”< The Province

https://theprovince.com/business/real-estate/vancouver-toronto-most-vulnerable-to-interest-rate-hikes-cmhc/wcm/4d4cf009-0440-4acd-b344-02494c754bf8

"The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per cent in the second quarter, which ended June 30."

"A major contributor to increasing levels of indebtedness is mortgage debt, which accounts for two-thirds of all outstanding household debt in Canada."

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bullwhip29

Vanc 242%
Toronto 208%
Nat’l ave 171%

USA 130% (as of late 2007))

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Oracle

Rates have peaked.

Plus USA doesn’t have an immigration and foreign money problem where the lower mainland is ground zero.

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Laibach

How about to clean up the shit from inside the house first?

‘China will take revenge’ if Canada doesn’t free Huawei CFO Meng Wanzhou”

https://globalnews.ca/news/4757375/global-times-canada-china-revenge/

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Canada is for Canadians

“Revenge” typical communist shit. Never mind about the rule of law or human rights, let’s just get “revenge”.

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Shut It Down Already (original)

Like “Shock and Awe” you mean?

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Hyper-mega-Bull

you’re actually defending kidnapping people from the street?

why? because once some dumb low IQ white guy pushed you into a locker? or because there aren’t enough chinese male movie stars in the west?

u have serious issues.

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Stratahacker

SIDAs inferiority complex is always on full display.

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Shut It Down Already (original)

Where did I defend anything? I pointed a double standard. It’s hardly my fault that you’re intellectually challenged. Or would you prefer it if I said “ur” instead of “you’re”?

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Hyper-mega-Bull

we know that you are bringing up “Shock and Awe” to draw some sort of moral equivalence between china and the west in an attempt to rationalize or justify abducting canadians off the street in china.

if you need to be evasive and can’t stand behind your own intentions you need to rethink where you are coming from.

i’m sorry the white boys that you looked up to in school didn’t like you but it might have more to do with your own lack of directness and integrity more than you being chinese.

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Shut It Down Already (original)

Hush now, supremacist moron.

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southseacompany

“Toronto area home sales fall sharply in November: TREB”, Globe & Mail

https://www.theglobeandmail.com/business/article-toronto-area-home-sales-fell-34-per-cent-in-november-compared-to-last/

“The Toronto Real Estate Board (TREB) said the number of homes sold in the Greater Toronto Area fell 14.7 per cent in November compared with the same month last year.”

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southseacompany

“Canadian confidence in housing market running low: poll”, Vancouver Courier

https://www.vancourier.com/real-estate/canadian-confidence-in-housing-market-running-low-poll-1.23532186

“Even though owning a home is still widely seen as an important life milestone, most Canadians are not confident in the current real estate market, according to a new poll released December 12 by real estate website Zoocasa.”

“Overall, only 37 per cent of respondents said they are confident in today’s housing market, the survey found. The proportion was higher among long-term homeowners (owned for 10 years or more), 50 per cent of whom have confidence in the market; this drops to 45 per cent among short-term homeowners and just 16 per cent among current renters.”

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