Friday, May 3, 2024

Student Visas Are a Way for Fraudulent Entrants Into Canada and are Certainly NOT Bringing thr Best and Brightest

https://www.cbc.ca/news/politics/nijjar-killing-arrests-made-1.7192807

 "...All of the accused are Indian citizens and have been non-permanent residents of Canada for three to five years, RCMP officers told reporters at their Friday press conference announcing the charges.

Sources told CBC News the men arrived in Canada on temporary visas after 2021, some of them student visas. None are believed to have pursued education while in Canada. None have obtained permanent residency..."

Thursday, May 2, 2024

Foreign Interference Inquiry Results Due Tomorrow; Lets see How the Liberals Spin Another Commission

 Let's see how the Liberals spin this one as they announced all the juicy budget goodies leading up to Justin being on the hot seat (again) in order to distract the public and media. Clearly there was interference from the inquiry evidence and warnings from CSIS; however I'm sure the Liberals and Liberal dominated commission will try to sell a "no harm (in their eyes), no foul" decision. 

https://www.newswire.ca/news-releases/media-advisory-initial-report-of-foreign-interference-commission-to-be-released-may-3-2024-895935233.html




Sunday, April 28, 2024

Halal Mortgages? No Interest? Any Debt Instrument Has an Inherent Interest Rate Implied No Matter what you Call It

 https://nationalpost.com/opinion/why-canadas-banks-should-avoid-halal-mortgages-at-all-costs

If a borrower pays $110,000 at the end of year one for an asset that is worth $100,000 a clear and simple Interest rate (and expense) can be calculated and implied. 

No matter what you call it or structure it the extra payment is Interest in the non religious, western world sense. The fact that a borrower would neither want to call it interest nor use it as a deduction in the eyes of Canada Revenue Agency is beyond the reasoning of most taxpayers.