This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Moderator: admin

 
reallyreal2
Real Estate Talker
Posts: 601
Joined: Fri Jun 03, 2016 11:30 am

Re: Should the government intervene?

Sat Mar 25, 2017 12:12 pm

Looks like CRA is tired of free loaders. LOL

http://vancouversun.com/news/local-news ... e-industry

Luckily, I prefer the RE industry shaken and not stirred.

HAHAHAAH
 
tdma800
Real Estate Talker
Posts: 2660
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Sat Mar 25, 2017 12:14 pm

 
jimtan
Real Estate Talker
Topic Author
Posts: 5175
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Sat Mar 25, 2017 1:24 pm

reallyreal2 wrote:
Looks like CRA is tired of free loaders.  LOL

http://vancouversun.com/news/local-news ... e-industry


Thanks for the new info. I hope that others will contribute and add to our store of knowledge.

The topic is very timely because of the populist blacklash around the world. Not many Vancouverites are aware that Ottawa has up the ante. It's now a cash grab.

"Ottawa to spend $500M on pursuit of tax cheats, budget reveals

Money will be used to hire more auditors and develop computer systems to “target high-risk international tax” evasion.
Tax auditors and fraud investigators have been given more than half a billion dollars to pursue tax cheats, and the government expects them to collect five times that much in additional taxes.

The 2017 federal budget pledged $523.9 million over the next five years to the Canada Revenue Agency to prevent tax evasion and improve tax compliance and has targeted both wealthy individuals and multinational corporations.

The investment comes on top of the $444 million pledged in last year’s budget, giving the CRA almost $200 million each year to hire more investigators and develop computer systems to “target high-risk international tax and abusive tax-avoidance cases,” according to the budget document released Wednesday...
Finance Minister Bill Morneau told Parliament that his department had identified ways individuals were using private corporations to avoid paying taxes, either by “sprinkling” their income into multiple companies, or by converting that income into capital gains, which is taxed at a lower rate.

“(These) strategies can result in some very wealthy individuals getting unfair tax breaks at the expense of others,” he said, promising targeted reforms soon..."

https://www.thestar.com/news/canada/201 ... veals.html

No doubt that some highly paid professionals will get what they deserve. It's sad that third world practices have become common in Vancouver. Gotta stop it.
 
tdma800
Real Estate Talker
Posts: 2660
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Sat Mar 25, 2017 1:54 pm

^---- irrelevant media. this is Vancouver
 
tdma800
Real Estate Talker
Posts: 2660
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Sat Mar 25, 2017 1:55 pm

come spring

we're going to the moon!

http://www.straight.com/life/885476/van ... ion-canada




Vancouver was voted as the best destination in the country in 2017 by millions of travellers—many who enjoyed our food and drink spots, and outdoor attractions. Vancouver International Airport was recently voted as the best airport in the world for the eighth consecutive year.
 
Geyser
Real Estate Talker
Posts: 3529
Joined: Tue Jun 05, 2012 5:26 pm
Location: In a van down by the river

Re: Should the government intervene?

Tue Mar 28, 2017 12:00 pm

No it wasn't. Re-read the article and be aware that there are many other countries outside North America.
 
tdma800
Real Estate Talker
Posts: 2660
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Tue Mar 28, 2017 12:12 pm

Geyser wrote:
No it wasn't..

Yes it was.  Straight to the moon!    There aren't that many good places outside of Vancouver
http://www.straight.com/life/885476/van ... ion-canada
 
Geyser
Real Estate Talker
Posts: 3529
Joined: Tue Jun 05, 2012 5:26 pm
Location: In a van down by the river

Re: Should the government intervene?

Tue Mar 28, 2017 12:29 pm

tdma800 wrote:
Geyser wrote:
No it wasn't..

Yes it was.  Straight to the moon!    There aren't that many good places outside of Vancouver
http://www.straight.com/life/885476/van ... ion-canada

Tell your ESL teacher you want your money back.
Vancouver International Airport voted best airport in North America, breaks historic record

[font=Source Sans Pro, sans-serif]by [color=#a8a8a8]Tammy Kwan on March 14th, 2017 at 1:50 PM[/font][/color]

North America is not "the world".
 
tdma800
Real Estate Talker
Posts: 2660
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Tue Mar 28, 2017 12:48 pm

Vancouver was voted the best place


to the moon! 

http://www.straight.com/life/885476/van ... ion-canada
 
jimtan
Real Estate Talker
Topic Author
Posts: 5175
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Tue Mar 28, 2017 2:37 pm

Pleeze  :roll:

The happiest place is not Vancouver. See this list. Canada ranks 7th. Vancouver must be pretty bad these days.

https://en.wikipedia.org/wiki/World_Hap ... 17_ranking
 
tdma800
Real Estate Talker
Posts: 2660
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Tue Mar 28, 2017 2:41 pm

happiest place is vancouver


to the moon!
 
jimtan
Real Estate Talker
Topic Author
Posts: 5175
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Tue Mar 28, 2017 2:44 pm

Not according to the people eating Timbits.  :lol:
 
tdma800
Real Estate Talker
Posts: 2660
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Tue Mar 28, 2017 3:01 pm

 
jimtan
Real Estate Talker
Topic Author
Posts: 5175
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Wed Mar 29, 2017 7:23 am

When net immigration slows down, as it must eventually. What you will have left is a lot of inflated RE, and a pile of debt.

"Home buyers, tenants from Lower Mainland moving to outlying areas to live"

https://ca.finance.yahoo.com/news/home- ... 03473.html
 
tdma800
Real Estate Talker
Posts: 2660
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Wed Mar 29, 2017 7:29 am

Gregor  Robertson is a great guy.   Restrict new development - limit supply-

to the moon!

Who is online

Users browsing this forum: No registered users and 1 guest