Re:Canada is the world’s newest tax haven (2017)
by throwaway35784 on Monday November 18, 2019 @10:30PM
(#21570422)
The average person in the top 1% in China has over $2.1 million CAD. That's 14 million people, which is half the population of Canada.
Canadian homes are their safe deposit boxes. They buy homes in Canada, one of the safest places in the world to protect their assets from the Chinese govt.
They walk into a casino with a suit case of dirty cash, then walk right out and it's clean, Tax free money. Then they buy a house.
No wonder locals can't afford a home. A studio apartment costs $500,000.
Canadian homes are their safe deposit boxes. They buy homes in Canada, one of the safest places in the world to protect their assets from the Chinese govt.
They walk into a casino with a suit case of dirty cash, then walk right out and it's clean, Tax free money. Then they buy a house.
No wonder locals can't afford a home. A studio apartment costs $500,000.