(Bloomberg) — Midea Group Co. has dropped its pursuit of Electrolux AB after finding the Swedish home appliance maker unreceptive to a deal, highlighting the persistent difficulties of Chinese takeovers. The Chinese…
China’s property market is going in 2 directions, says ex-PBOC advisor
China’s real estate sector is going in “two directions,” and even though further stimulus is expected, a recovery will not likely happen soon, according to a former advisor to the People’s Bank…
What are the FHSA eligibility rules?
In this two-part series, we’ll dive into the quirks of the FHSA rules. In Part 1, we look at the eligibility rules to open an FHSA. Definition of a first-time home buyer…
T1135 reporting: What your clients need to know
Examples of specified foreign property include: shares of a non-resident corporation (even if held through a Canadian broker) shares of a Canadian corporation held on deposit with a foreign broker foreign bonds…
Oppose Canada’s “xenophobic” foreign property tax, U.S. critics urge Biden admin
The so-called underused housing tax is coming due alongside a new two-year ban on foreign-owned real estate that took effect in January, a federal response to long-standing concerns that non-resident speculators are…
Bare trusts: Is your client prepared for increased tax filings?
Bare trust arrangements are commonly used for, but not limited to, the following: maintaining anonymity of the property owner when ownership information is public (via land registration records); simplifying ownership of real…