Canada
’s tax agency has released details of a secret investigation by its auditors linking millionaire migration and suspected tax cheating to high home prices in 
Vancouver
, now one of the world’s most unaffordable cities, after taking five years to fulfil a freedom-of-information request to hand over the material.

The response to the South China Morning Post’s request, lodged on August 30, 2016, arrived by mail this August 17, a delay that a freedom-of-information expert called a “tragedy” and “troubling”, given the importance of the material.

The documents confirm the Canada Revenue Agency (CRA) knew 25 years ago that wealth migration and foreign money were playing a vast role in Vancouver’s luxury housing market, and that government millionaire migration schemes appeared connected to systematic tax abuse, with participants declaring refugee-level incomes.




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