Terry Glavin: Canada’s servile relationship with China | National Post
2016/08/19 Leave a comment
In Glavin’s diatribe against previous and current governments efforts to strengthen ties with China, some valid observations and concerns with respect to immigration policies and programs:
….Canadians were similarly hoodwinked by the Immigrant Investor Program (IIP). Begun by Conservative free trader Brian Mulroney and conceived mainly as a way to lure thousands of jittery cash-rich Hong Kong entrepreneurs to Canada, the IIP ended up as the primary means by which Canadian real estate became a favoured bolthole for all the money being spirited out of the People’s Republic. As the country descends deeper into the abyss, Chinese banks were drained of nearly a trillion dollars in illegal money transfers last year alone.
The IIP had to be folded up by the Harper Conservatives after it became clear — and as it took the South China Morning Post’s Ian Young to reveal — that Canada’s ragged refugee-class immigrants had contributed more to Revenue Canada than the IIP’s big-spender immigrant investors did over the life of the program. Now, in an inter-provincial ripoff far more outrageous than any of those “equalization payment” uproars between “have” and “have-not” provinces that have erupted from time to time, the Quebec government has taken over the immigrant-investor racket. Quebec scoops up an $800,000 loan from every IIP arrival – roughly 2,000 “investors” annually — nine out of 10 of whom then immediately get back on a plane and fly elsewhere, mainly Vancouver.
The B.C. treasury gets nothing out of this — and the B.C. government’s recent 15-per-cent sales tax imposition on properties bought by foreign nationals isn’t expected to change a thing. What Vancouverites have gotten out of this is one of the world’s least affordable cities, bitterly divided against itself. Average house prices in Metro Vancouver have nearly tripled over the past 15 years. Home ownership for working families is a thing of the past.
Now we’re being sold on a Chinese version of the temporary foreign worker program. Conceived as a short-term remedy to the occasional ailment of acute labour shortages in key industries, the indentured-labour service had to be dismantled by the Conservatives owing to its inevitably scandalous abuse by disreputable employers. By 2012, there were 338,000 temporary foreign workers in Canada. Last year the number was down to about 90,000. Now, McCallum is championing a ramped up, Beijing-vetted version. You would not be unwise to wager that this will not end well.
Source: Terry Glavin: Canada’s servile relationship with China | National Post
