B.C. court upholds $6M foreign homebuyers tax assessed on Burnaby property
Court of Appeal decision considered if the purchaser's parent company, which is incorporated in China but whose shareholders are permanent residents of Canada, should be considered a foreign entity.
#law #tax #realestate #business #BC #Burnaby
https://www.cbc.ca/news/canada/british-columbia/b-c-court-upholds-6m-foreign-homebuyers-tax-assessed-on-burnaby-property-1.7487703?cmp=rss
Yes? I mean, what.
You can incorporate somewhere and just say you're incorporated elsewhere because of shareholder residency?
Fascinating argument that holds no water.