BC Business
Ongoing prosecution and enforcement efforts relating to the 2012 seizure of evidence from the Richmond office of immigration consultant Xun (Sunny) Wang seem to suggest Canada's long-standing investor immigrant program is a "complete fantasy," according to a lengthy investigative report by the South China Morning Post. Few, if any, of Wang's 1,600 clients had...
Ongoing prosecution and enforcement efforts relating to the 2012 seizure of evidence from the Richmond office of immigration consultant Xun “Sunny“ Wang suggest that Canada‘s long-standing investor immigrant program is a “complete fantasy,“ according to a lengthy investigative report by the South China Morning Post. Few, if any, of Wang‘s 1,600 clients had any intention of physically residing, doing business and paying taxes in Canada. To give them the appearance of Canadian residency, he employed tactics similar to those used by Toronto lawyer Martin Pilzmaker (who committed suicide in 1991) three decades earlier.
“There is the wealthy Beijing lawyer and his family who returned to China just ten days after activating permanent residency in Vancouver,” writes SCMP reporter Ian Young. “There is the investor with five homes in Canada, who nevertheless lived in the mainland because he claimed Chinese custom required him to mourn his dead mother in her home village for three years. There is the millionaire who declared his entire worldwide income as C$720 in Canadian child-care benefits, but who sent his student daughter C$61,000 to buy a Mercedes-Benz in Vancouver that year.”