Foreign residential property buyers to be taxed at 15% in Vancouver
The last paragraph indicates the precise problem with this policy - it isn&#x27;t adhering to the terms of the free trade agreements that Canada has signed - both NAFTA and the &quot;China Foreign Investment Promotion and Protection Agreement&quot; require that offshore investors be treated the same as onshore.<p>The CFIPPA [1] is clear on the subject:<p>1. Each Contracting Party shall accord to investors of the  
 other Contracting Party treatment no less favourable than 
 that it accords, in like circumstances, to its own 
 investors with respect to the expansion, management, 
 conduct, operation and sale or other disposition of 
 investments in its territory.<p>Perhaps the claim is that the initial purchase of the asset is what&#x27;s being taxed, which might be seen as exempt?<p>[1] <a href="http:&#x2F;&#x2F;www.international.gc.ca&#x2F;trade-agreements-accords-commerciaux&#x2F;agr-acc&#x2F;fipa-apie&#x2F;china-text-chine.aspx?lang=eng" rel="nofollow">http:&#x2F;&#x2F;www.international.gc.ca&#x2F;trade-agreements-accords-comm...</a>