Canada is the world’s newest tax haven (2017)
All the cash flooding in has impacted a lot of people by driving up the cost of living, especially in Vancouver.<p>Report finds $5B laundered through B.C. real estate in 2018
<a href="https:&#x2F;&#x2F;globalnews.ca&#x2F;news&#x2F;5259196&#x2F;home-prices-in-metro-vancouver-increased-by-5-due-to-money-laundering-report&#x2F;" rel="nofollow">https:&#x2F;&#x2F;globalnews.ca&#x2F;news&#x2F;5259196&#x2F;home-prices-in-metro-vanc...</a><p>Secret police study finds crime networks could have laundered over $1B through Vancouver homes in 2016
<a href="https:&#x2F;&#x2F;globalnews.ca&#x2F;news&#x2F;4658157&#x2F;fentanyl-vancouver-real-estate-billion-money-laundering-police-study&#x2F;" rel="nofollow">https:&#x2F;&#x2F;globalnews.ca&#x2F;news&#x2F;4658157&#x2F;fentanyl-vancouver-real-e...</a><p>CRA (Canada&#x27;s IRS) to cut managers, fold tax-evasion units, memo shows
<a href="https:&#x2F;&#x2F;www.theglobeandmail.com&#x2F;news&#x2F;politics&#x2F;cra-to-cut-managers-fold-tax-evasion-units-memo-shows&#x2F;article20704948&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.theglobeandmail.com&#x2F;news&#x2F;politics&#x2F;cra-to-cut-man...</a><p>Entire cities appear poor on paper because of wide spread tax evasion.<p>Why does upscale neighbourhood appear &#x27;poor&#x27; to tax officials?
<a href="https:&#x2F;&#x2F;vancouversun.com&#x2F;life&#x2F;richmond-3-why-does-upscale-neighbourhood-appear-poor-to-tax-officials" rel="nofollow">https:&#x2F;&#x2F;vancouversun.com&#x2F;life&#x2F;richmond-3-why-does-upscale-ne...</a><p>Richmond is majority Chinese.
&gt;nine of 10 recent Chinese immigrants arrive in Metro Vancouver with enough money to immediately buy homes. But only half hold down jobs during their first five years in Canada, while four of 10 report they’re surviving on low incomes.
<a href="https:&#x2F;&#x2F;vancouversun.com&#x2F;opinion&#x2F;columnists&#x2F;douglas-todd-how-chinese-filipino-and-other-immigrants-differ" rel="nofollow">https:&#x2F;&#x2F;vancouversun.com&#x2F;opinion&#x2F;columnists&#x2F;douglas-todd-how...</a>