Tax Imposed On Vancouver Driving Chinese Investors To Start Using BitcoinIn a matter of days, Chinese investors who are part of the Vancouver real estate market will have to dance to the tune of the government as the 15 percent transfer tax has already been imposed, this was specifically targeted at investors from outside Canada. Sadly for the Chinese investors that will have to pay an extra 15 percent in order to have their money transferred out of Canada.
Chinese Investors in Metro Vancouver make up about 33 percent of the real estate market. A Chinese housing search engine indicated that Vancouver real estate increased by 134 percent for the first quarter of 2016. Most of the properties in Canada that Chinese enquired about had their value triplicated from $5.6 in 2014 to $14.9 billion last year
http://hibusiness.ca/2016/08/02/tax-imposed-on-vancouver-driving-chinese-investors-to-start-using-bitcoin/
