[vivekd]

Canadian corporations have to have a certain % of the board as Canadian residents so I don't think we'll be seeing too much of that sort of fraud. At the same time this tax seems like a band aid solution taking the politically easy solution of blaming foreigners rather than looking at the structural problems of low interest rates combined with government regulations and groups preventing the construction of new housing.

I haven't been to Vancouver too often but I know here in Toronto you can get into the downtown core and still see rows of single family homes . . . which doesn't make much sense for a city this size. The city core has gone towards building expensive million dollar homes rather than high rises that could support many many families.

[lstamour]

Actually, I think the rules are more flexible than requiring Canadian residency. You've a different tax requirement if you're not Canadian-controlled, though. And they do, I think, tax heavily on investment income in businesses, but not so much land if it's required for the business.

It's certainly an interesting idea. Might depend on which jurisdiction you've incorporated under, whether provincial or federal....