Real estate council imposes licence conditions on brokerage after Globe investigation – The Globe and Mail + MORE Apr 10th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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The Globe and MailReal estate council imposes licence conditions on brokerage after Globe investigationThe Globe and MailThe Real Estate Council of British Columbia has imposed a list of conditions on New Coast Realty's brokerage licence, following a Globe investigation into the fast-growing Vancouver-area brokerage firm. This comes after The Globe obtained an audio …and more »

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How easy is it to buy a secret shell company in Canada? Very.An aerial photo of Toronto (Shutterstock)
As the fallout continues from the Panama Papers, with the revelation that British Prime Minister David Cameron benefited from his father’s offshore trust and the resignation of FIFA’s ethics  judge, the anticipation that a Canadian bombshell would emerge has waned. While 350 Canadians reportedly appear within the 11.5 million documents from the Panamanian law firm Mossack Fonseca, there have so far been no political leaders from this country linked to the offshore accounts, nor have any celebrities been named and shamed for stashing their millions offshore, as they have elsewhere.
However, when the Panama Papers were first leaked, several reports noted a seemingly peculiar Canadian reference in the reams of documents. As the firm’s lawyers guided clients through the process of setting up their offshore accounts, one of the countries recommended as a place to hide wealth was, of all places, Canada. As the Toronto Star noted, Mossack Fonseca marketed Canada “as a place to incorporate anonymous companies”
Jason Sharman, a political science professor at Australia’s Griffith University and author of several books on international money laundering and global tax regulation, knows first-hand how easy it is to set up an anonymous shell corporation in Canada…

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