it's kind of super simple and already discussed number of timesraygeta wrote: ↑How would you seek to rectify this? Should Canada just start taxing non-residents on the income they earn outside the country? How would they even accomplish this in this scenario? They can't tax the patriarch (he doesn't live or work here, and probably nothing is listed under his name!); do they tax his wife and kids? If so, based on what?
Yes, they're taking advantage of tax law to pay as little tax as possible. But I imagine you take advantage of any and all deductions you have available to you too. Non-resident income just doesn't happen to be one of them.
As an aside, I'm all for a consumption tax, and no tax on anything else. The only thing a complex tax code does is enrich those in the know (and their accountants, etc.), and further distance those who don't have access to that help.
tax all newly purchased property above 1 million at 10% and above 5 million at 20% and allow tax credit against income tax
if someone is too clever not to pay taxes in Canada they will property tax