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DonLever

BC Money Laundering Report Released Today - BC Ranks 4th in Canada

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Well, it’s a little late...damage has been done...real estate prices are beyond ridiculous. Thanks to dirty money hard working people that have lived here all their lives and saved to put together a down payment can’t afford to live here.  

And now they are finally figuring out that dirty money is being laundered through high end auto dealers also. 

Duh.....a monkey could have figured this out years ago.   No faith in our government whatsoever.  

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1 minute ago, redhdlois said:

Well, it’s a little late...damage has been done...real estate prices are beyond ridiculous. Thanks to dirty money hard working people that have lived here all their lives and saved to put together a down payment can’t afford to live here.  

And now they are finally figuring out that dirty money is being laundered through high end auto dealers also. 

Duh.....a monkey could have figured this out years ago.   No faith in our government whatsoever.  

Read between the lines. Government 'figuring out' is just double-talk from the government, meaning that the statute of limitations/liabilities are about to expire, so the government enablers and fat-cats in the government cannot be sued anymore for corrupt practices. Thats why it takes them so long to figure out this kinda stuff that any 15 year old with brains can deduce in 10 min flat. 

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8 hours ago, drummer4now said:

Bring Cash should be the new nickname for BC.

Has been the nickname for years

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Posted (edited)

Foreigners using Canada's own half assed laws against it. Same thing going on with immigration.

 

What else is new? It took them how long to figure this out? 

 

I feel really badly for any BC Citizens who have been unable to afford a home due to this debacle. 

 

Goes to show that only suckers play by the letter of the law in Canada. To get ahead, you need to lie, cheat or steal. Or become part of the government, in which case you will lie, cheat and steal.

Edited by Boeserker
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It seems that the good guys finish last once again,

I would like to see a full independent inquiry into the liberal governments connection to all this,also the policing of this fiasco.Once it is established that said property was gotten through criminal means it all reverts back to the good people of B.C. and used to help the rental and general housing crisis that  it seems the Liberal Government got us into.

 

When they show people bringing duffel bags full of bound up twenty dollar bills and no one thinks it is strange, this system is a fail,and major fines should be handed out,and I do mean major,to the Casinos in question just from the corruption aspect alone.

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5 minutes ago, PhillipBlunt said:

Canada is such a lenient tax haven for criminals. Everyone who holds citizenship should be truly embarrassed by how easy it's been for wealthy tax evaders to set up shop here and live with impunity. Couple that with the embarrassing soft stance this Commonwealth nation has on violent crime, and there really isn't a whole lot of reasons to look up at the maple leaf and be proud of these days.

 

Hopefully one day the citizenry grows a set and stages some general strikes across the nation to let the bloated government know who's actually in charge, but then again, Canadians are far too polite to inconvenience anyone, especially their government.

 

Look at France, the citizens made the government change their stance on the proposed fuel tax by civil unrest. It was such chaos that the Prime Minister said the tax wasn't worth having the country burn in flames. Canadians don't know how to protest like that.

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2 minutes ago, RonMexico said:

 

Look at France, the citizens made the government change their stance on the proposed fuel tax by civil unrest. It was such chaos that the Prime Minister said the tax wasn't worth having the country burn in flames. Canadians don't know how to protest like that.

unless they are getting high for free and wrecking a lawn 

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Just now, RonMexico said:

 

Look at France, the citizens made the government change their stance on the proposed fuel tax by civil unrest. It was such chaos that the Prime Minister said the tax wasn't worth having the country burn in flames. Canadians don't know how to protest like that.

100%. France has been at the forefront of civil unrest, showing their government exactly how powerful united citizens can be when they band together to preserve their way of life. Sadly, a lot of mainstream media (both left and right) attempt to vilify what happens in France as chaotic and unruly, when in actual fact, it's the best reaction people can have to a government that thinks it's above them.

 

Canada lacks a backbone. Always has.

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8 hours ago, Rob_Zepp said:

Same difference.   So you are saying Canadians cannot own vacation property in Hawaii?   Mexico?    

 

Instead of unintended consequences of such, why not just have transparency laws where you cannot buy a property unless you have real names on public display (no numbered companies), pay with proceeds through a certified financial institution (who is then going to be liable for the proceeds if ill-gotten), and most certainly have a taxation on non-full use as is the case in many parts of the world.   However, to have to be a resident seems harsh as people all over the world have real estate not in the country they are living (count me as one of those - though I don't own in BC....you guys live in a bubble that will burst IMHO).

To be fair, Hawaii (or at least some of the islands) has many of the same real estate issues that we have in BC.  Property prices and rents are through the roof and people who work in the state have a hard time finding affordable accommodation.  As much as I'd love my own little vacation property in a tropical destination, I believe that the people who live and work in there should be able to afford their own place to live as well.

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1 minute ago, The Sedge said:

To be fair, Hawaii (or at least some of the islands) has many of the same real estate issues that we have in BC.  Property prices and rents are through the roof and people who work in the state have a hard time finding affordable accommodation.  As much as I'd love my own little vacation property in a tropical destination, I believe that the people who live and work in there should be able to afford their own place to live as well.

All islanders live inland because they can't afford to live near the coast. Years ago, the Japanese moved in and bought up all the real estate and drove up coastal real estate to unaffordable levels for local Hawaiians. I have been a few times and chatted with various locals about it. They really resent what their homeland has become.

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Problem is that for BCers, it is not just the money laundering, put people living here in multi-million dollar homes, demanding services/facilities/resources around those homes, but not actually paying any income tax. Canadian tax payers are on the hook for the resources used by people not even attempting to get a job. I'm not talking about the people from poor countries that immigrate and work minimum wage jobs and require income assistance, etc. I'm talking about the people with millions of dollars in assets that pay the same amount of taxes as those that make less than 10k a year. 

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32 minutes ago, Down by the River said:

Problem is that for BCers, it is not just the money laundering, put people living here in multi-million dollar homes, demanding services/facilities/resources around those homes, but not actually paying any income tax. Canadian tax payers are on the hook for the resources used by people not even attempting to get a job. I'm not talking about the people from poor countries that immigrate and work minimum wage jobs and require income assistance, etc. I'm talking about the people with millions of dollars in assets that pay the same amount of taxes as those that make less than 10k a year. 

Exactly. The majority of the Liberal government should be swinging from ropes for what they did to this province. The scum that sits in these houses, who paid cash for them, while registering as a "student" or "homemaker" should be removed from the country.

 

These parasites then latch on to handouts from the Canadian government that are for people who need it. The government has failed it's people, and now the people need to abandon the government and fight back.

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49 minutes ago, PhillipBlunt said:

100%. France has been at the forefront of civil unrest, showing their government exactly how powerful united citizens can be when they band together to preserve their way of life. Sadly, a lot of mainstream media (both left and right) attempt to vilify what happens in France as chaotic and unruly, when in actual fact, it's the best reaction people can have to a government that thinks it's above them.

 

Canada lacks a backbone. Always has.

I'm going to challenge you on that Phil. The lack of interest in major protests is a relatively recent thing in Canada. 

 

Just a little slice of the history: https://ccla.org/timeline-protests-canada/

 

More recently I'd say Idle No More had a significant impact. 

 

We have become sheep like with how we deal with our politicians, we let them get away with the same old bag of tricks and that is on us to step up and make a difference. Part of it is how good we've had it as a society for the last 30 years, and I think some of it has bled into online activities so while you don't see it on the streets there are things going on. 

 

 

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11 hours ago, Hamhuis Hip Check said:

Only out beaver creek, kind of our own little version of surrey

Damn creeker’s

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An expert interviewed on the radio a few months ago stated that the real estate and casinos were just a drop in the bucket. To address the real money laundering big corp and banks should be looked into. But they wont be cause the government is bought and paid for.

 

Just a question regarding Eby and his speech about the luxury car report. He mentioned there is hardly any policing at the ports...I once heard the amount of containers checked was around 1%? anyone know?  Not sure if that's true but if so it should be astounding. 

 

I wonder if these laundering inquiries and reports are more just for show?

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I’ll remember the golden years of Van from the 90’s and back.

 

its been a soul void since then. 

 

At least I have that.

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8 minutes ago, bishopshodan said:

An expert interviewed on the radio a few months ago stated that the real estate and casinos were just a drop in the bucket. To address the real money laundering big corp and banks should be looked into. But they wont be cause the government is bought and paid for.

 

Just a question regarding Eby and his speech about the luxury car report. He mentioned there is hardly any policing at the ports...I once heard the amount of containers checked was around 1%? anyone know?  Not sure if that's true but if so it should be astounding. 

 

I wonder if these laundering inquiries and reports are more just for show?

So what I'm about to say is only based on a friend that formerly worked at PWC, but he also explained that nobody catches money launderers because forensic accountants working for the government get paid a minimal wage compared to what a CA can make at one of the big four firms. So, you basically get a REALLY small number of well-intentioned and bright accountants trying to track down money-launderers... and then the rest are those that weren't really qualified to get jobs elsewhere. Again, he certainly wasn't painting everyone with the same brush, just saying that it is hard to attract anyone to these jobs when the pay isn't competitive. 

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19 minutes ago, Jimmy McGill said:

I'm going to challenge you on that Phil. The lack of interest in major protests is a relatively recent thing in Canada. 

Fair enough, Jimmy. I appreciate the link and information. I will admit that the lack of backbone is a development of the last 20-30 years.

19 minutes ago, Jimmy McGill said:

Just a little slice of the history: https://ccla.org/timeline-protests-canada/

 

More recently I'd say Idle No More had a significant impact. 

 

We have become sheep like with how we deal with our politicians, we let them get away with the same old bag of tricks and that is on us to step up and make a difference. Part of it is how good we've had it as a society for the last 30 years, and I think some of it has bled into online activities so while you don't see it on the streets there are things going on. 

Things that happen online won't really amount to enough to have the impact needed. This country needs an overhaul. Canada should be considering the lives of those who contribute to the well-being and health of the country over those who line the wallets of politicians.

 

Personally, I'd like to see it all burn, but that's just me.

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