CRA employee leaked a slideshow outlining a planned crackdown on high-end homeowners with minimal incomes with a promise of 50 extra income auditors, plus 35 other staff on the B.C. real estate project.
A federal crackdown on tax cheats in Vancouver’s sizzling housing market — which is acting like a flame to speculators, real estate predators and foreign cash flow — has critics calling on B.C. to demand Ottawa do more to help combat the “out-of-control” real estate market.
Apparently, Vancouver, Toronto Home Prices Being Hiked By Foreign Money, According to BMO
CBC.ca – Jul 15, 2016
A federal crackdown on tax cheats in Vancouver’s sizzling housing market – which is acting like a flame to speculators, real estate predators and foreign cash flow – has critics calling on B.C. to demand Ottawa do more to help combat the “out-of …
News1130 – Jul 13, 2016
Fifty Canada Revenue Agency (CRA) auditors are headed our way, according to documents leaked to Ian Young, the Vancouver correspondent for that newspaper.
Huffington Post Canada –
The Canada Revenue Agency (CRA) is planning a crackdown on real estate-related tax cheating in Vancouver, according to a report in a Hong Kong newspaper.
Huffington – Jul 15, 2016
“The massive surge in risky debt being taken on by Canadian households illustrates that the housing bubble can’t be blamed on cash purchases by foreign investors,” he said.
