- Joined
- Jun 28, 2018
- Messages
- 1
Hi all.
I am a foreign national, I met my Canadian wife abroad and we are moving to Vancouver. We have worked very hard over the past few years. I am looking to buy a simple nice condo. I run a good successful business abroad.
However, with all these crazy tax laws on foreigners, its very discouraging and I find very confusing that foreigners are punished for increasing economic prosperty by investing liquid into the economy, which increases everyone's wealth at a people level. I dont mind paying foreign specualtion tax even though I dont agree nor find the logic behind it
MY QUESTION IS being my wife is Canadian what are the best options for me?
1. It is better for my wife to be the title holder and I pay, but this puts me at risk of loosing everything and my hard work if there is a dispute in the future, I am powerless.
2. Is there any way I can be the co signer or be on the deed to protect myself. Just because i am on the deed do we have to pay an extra 20 percent because I am a foreigner?
3. As a foreigner I have to pay 50 percent down or full which i dont mind, but I find the speculation tax disheartening and unfair. We are almost not going to move back because of it.
Misc: yes, its probable I will be Canadian in the future if we move years down the road. But because of the speculation tax, we are actually thinking of not moving!
Prices are actually not bad there compared to major cities around the world. Ive travelled the world extensively. I dont see what all the fuss is about. I run a successful mobile gaming app company.
Thank you everyone for your time and i appreciate any prelim advice. Offcourse speaking to a RE lawyer is a good idea but I think i can find good answers here first.
Kindest regards and thank you
I am a foreign national, I met my Canadian wife abroad and we are moving to Vancouver. We have worked very hard over the past few years. I am looking to buy a simple nice condo. I run a good successful business abroad.
However, with all these crazy tax laws on foreigners, its very discouraging and I find very confusing that foreigners are punished for increasing economic prosperty by investing liquid into the economy, which increases everyone's wealth at a people level. I dont mind paying foreign specualtion tax even though I dont agree nor find the logic behind it
MY QUESTION IS being my wife is Canadian what are the best options for me?
1. It is better for my wife to be the title holder and I pay, but this puts me at risk of loosing everything and my hard work if there is a dispute in the future, I am powerless.
2. Is there any way I can be the co signer or be on the deed to protect myself. Just because i am on the deed do we have to pay an extra 20 percent because I am a foreigner?
3. As a foreigner I have to pay 50 percent down or full which i dont mind, but I find the speculation tax disheartening and unfair. We are almost not going to move back because of it.
Misc: yes, its probable I will be Canadian in the future if we move years down the road. But because of the speculation tax, we are actually thinking of not moving!
Prices are actually not bad there compared to major cities around the world. Ive travelled the world extensively. I dont see what all the fuss is about. I run a successful mobile gaming app company.
Thank you everyone for your time and i appreciate any prelim advice. Offcourse speaking to a RE lawyer is a good idea but I think i can find good answers here first.
Kindest regards and thank you
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