Comments by "Carolina" (@Carolinapetroska) on "Canada’s New Tax" video.

  1.  @charbelh.boutros4971  yeah maybe for ukranians at the moment....
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  2. Coming soon also, new cool off period for buyers in BC, Canada that will potentially harm sellers and still they want to really ban foreigners from buying completely accusing all of them to use 'their dirty money to buy canadian real estate' (far from the truth). All of that is a myth, of course that they cannot even prove, created by Canadians to make those poor foreigners look bad. Less than 5% of all real estate in Canada is purchased by foreigners but the xenophobic feelings persist. It's so sad. Many realtors and Canadians love to collect properties but they are never accused to doing anything wrong ; instead they blame foreigners who don't have a voice and they do it consistently, each time the market increases.
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  3. Definitely not ! The gov, has put a several 'rip off/discrimination' taxes', 15% on foreigners buying real estate anywhere on the golden horseshoe in Ontario ; it's 20% in BC, and this year the so improperly called 'vacancy tax' where if you are a foreigner you will be automatically accused of leaving your house or condo empty if you stay less than 6 months out of the year. In other words, if you have a second home in Ontario, you will have to pay a 1% of the assessed value of your home. So if it's assessed at 1 million (quite easy in Toronto or Mississauga) you will have to throw away 10 000 cad a year ! That's insane. Another unwanted government intervention. Finally all the political partis agree to have a 'ban on foreigners who want to buy a property in Canada for at least 2 years' ! Then you ask : 'Is moving to Canada worth it ?' I guess you can answer you own question (also consider all the videos you played lately about that country). And remember you own affirmation "Go where you are treated the best !' Is that a way to make foreigners feel appreciated or even wanted ? Not all foreigners have become rich by throwing money in the garbage or are rich for that matter. There are countries more interesting with friendlier people and government..
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  4. You may be interested in this new discriminatory tax also : Ontario Cracking Down on Foreign Real-Estate Speculation with the Most Comprehensive Non-Resident Speculation Tax in Canada Government Increasing Non-Resident Speculation Tax to 20 Per Cent and Expanding it Provincewide March 29, 2022 Finance Table of Contents Content Quick Facts Additional Resources TORONTO — As part of its commitment to tackle Ontario’s housing crisis by prioritizing Ontario families and homebuyers, the government is increasing the Non-Resident Speculation Tax rate to 20 per cent, closing loopholes to fight tax avoidance and expanding the tax to apply provincewide effective March 30, 2022. The changes made to establish the tax as the most comprehensive in Canada were announced as the government prepares to unveil the next components of its housing supply action plan designed to build more homes in Ontario. Currently, the Non-Resident Speculation Tax rate is 15 per cent and only applies to homes purchased in the Greater Golden Horseshoe Region by foreign nationals, foreign corporations and taxable trustees. Increasing the tax rate to 20 per cent and expanding the tax to apply provincewide will strengthen efforts to deter non-resident investors from speculating on Ontario’s housing market and help make home ownership more attainable for Ontario residents. The Government of Ontario is eliminating loopholes to support Ontarians who are trying to buy their first home by focusing NRST relief eligibility to only newcomers who commit to laying down roots in the province long-term. ONE MORE REASON TO ESCAPE CANADA !!! OR TO NEVER GO THERE... AND REMEMBER 'GO WHERE YOU ARE TREATED THE BEST !' THAT'S NOT CANADA
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