Tag: Foreign Property Investment

Oppose Canada’s ‘Xenophobic’ Foreign Property Tax, US Critics Urge Biden Admin

A New York congressman wants to enlist the U.S. secretary of state to oppose what he calls Ottawa’s “discriminatory” campaign against foreign property owners. Rep. Brian Higgins is asking Secretary of State Antony Blinken to officially object to Canada’s new federal tax on underused, foreign-owned housing, which is coming due in April. The one per…


Australia Launches Campaign to Stop Breaches in Foreign Real Estate Investment

In a move to enhance regulation of foreign investment, the federal government has launched a new campaign urging Australians to dob in foreign residential property purchasers via a dedicated platform run by the Australia Tax Office (ATO). Treasurer Josh Frydenberg is hoping that the Tip OFF campaign will encourage people to report suspicious purchases or…