Revenue Canada crackdown on real estate Tax Cheats (because home prices are hiked by foreign money)?
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 Image Source CRA leak about crackdown on BC real estate tax cheats heats debate CBC.ca – Jul 15, 2016