Tax evaders are using homes to bring money from high-tax jurisdictions into Canada. Since they can't just move fat wads of cash without attracting scrutiny, they've come up with several techniques. Using soft assets that don't have fixed trade values (like homes) is one of the easiest ways to do it.
Read more: Housing Crisis, Income Tax, Fraud, Tax Evasion, Ottawa, Vancouver Real Estate, Toronto Real Estate, Justin Trudeau, Blog, Blogs, Canada Business News
Original Article Seen: http://www.huffingtonpost.ca/stephen-punwasi/foreign-tax-evasion-housing-crisis_b_12081578.html
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