Trudeau probably just trumped it up and has things in a "blind" trust where he knows all the holdings and makes sure the administrator is in tune with government policy if ya know what I mean.Wouldn't it be better, if you could find out where Trudeau has his money invested, in a timely manner, and get yours there too.
Although, there'd be some risk with that, as well.
Expect cra to get a healthy bump in budget shortly. We need to pay back this mess somehow, it is much more politically palatable to go after Dodgers than the public at large.cra are going after stashed cash
Well that's the whole point of a haven. Assuming they dont blab or steal your money, it never existed.cra are going after stashed cash
Wouldn't it be better, if you could find out where Trudeau has his money invested, in a timely manner, and get yours there too.
Although, there'd be some risk with that, as well.
You want to hold foreign currency or you want your money away from prying eyes? People I know that are stashing money have it in the Caymans or Turks & Caicos. If you just want to hold foreign currency, many brokerages let you do that or alternatively, just buy equities in a variety of currencies to hedge that way.
I had an account setup before with a company in NZ that could hold whatever currency you wanted. I just used them to transfer, never to hold though. They were purchased by XE (or they purchased XE?) and now the system is a bit different. The scary part of minimally regulated offshore havens is what happens if they disappear with your money?
The Trudeau family have their money in Cayman Island bank accounts according to one news source. So did Jean Chretien. The CRA is a joke when it comes to wealthy people. They only go after easy targets to meet their quotas.
That was one of the piss offs with my NZ solution. The banks know what you are doing and charge a quite ridiculous wire fee to make sure they get their share of your money. You might be able to wash it through xe now. You deposit into their toronto account and it pops out wherever you want in whatever currency you want.wire transfer fees are pretty steep
but it keeps CRA out of your business
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The set up fees for those sorts of things are probably more than an average person's total wealth...
Those are rich folk games. If you're at level... You have people looking after it for you.
I havent seen a cryptocurrency with a sustainable model. Most are barely profitable at best to mine now. Fewer miners equals longer wait times for a transaction. It just doesnt work long term. In the short term, you may make or lose a lot of money, but in a few years, most of the current cryptocurrencies will be like a cupboard full of beta tapes. It cost you a lot to fill the cupboard but you have trouble giving it away and even more trouble trying to use it yourself.If you're going to take the risk, cryptocurrency might be a way.
I would expect that some money must get laundered through that.
After all, I believe that the supply is limited, unlike Canada, where Trudeau can just print an unlimited amount.