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Old Posted Aug 16, 2016, 5:10 PM
Jebby's Avatar
Jebby Jebby is offline
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Join Date: Dec 2010
Location: Mexico City
Posts: 3,330
Quote:
Originally Posted by Alex Mackinnon View Post
And yet studies show that refugees end up pay considerably more into the system during their lifetimes...
Do you have a link to these studies? That's a very interesting thing to look at. What exactly do the studies look at to come up with that claim?

The investment for residence program isn't perfect, there's much to improve but it's something that should be expanded.


Edit: I googled what you were referring to and it appears it just takes into account income taxes, not the full impact of the investment people make to get permanent residence. The purchase of a home, home improvements, cars, etc was not included in their investment requirements. Just taking into account the property taxes they pay yearly on their homes, they contribute more in taxes than any refugee does (a refugee is not likely to be able to afford a home in Metro Vancouver within 5 years of coming to Canada)

For example, an average home in Richmond would pay about $4700 in property taxes per year, while a refugee making $30,000 a year would pay at most $3,790 in income taxes without any deductions or tax credits.

Last edited by Jebby; Aug 16, 2016 at 6:19 PM.
     
     
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