A story in the CBC has the Canadian Revenue Agency in hot pursuit of tax cheats focusing on Canada's richest neighbourhoods.
"Comparing someone's lifestyle — cars, boats, houses — to their reported income helps us identify people who are non-compliant," said CRA spokesperson Zoltan Csepregi.'
Hey, Zoltan. I know where you'll find some rich pickings. Go to my old neighbourhood, the Arbutus area of Vancouver, once home to vast swathes of neat-as-a-pin, 40s vintage, two-bedroom bungalows each with a single-car detached garage.
Those houses are all gone, replaced by lot line to lot line McMansions where a bare lot now starts at 2.2 million and more. Properties there can fetch up to four mill but here's the best part. The average household income in that neighbourhood comes in at a minuscule $32-thou. Now how many of your relatives can buy a four million dollar house on a 32 thousand a year gross income? How many of those low wage earners can buy that house and just let it sit there empty?
You go to that neighbourhood, Zoltan, and you're going to be a busy boy. Odd you didn't think of that years ago.