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Wealth Migration

Policy Area

Priority Level

Last Updated

Tax

Immediate

January 21, 2024

The Policy

The RPC will legislate strong financial regulations and criminal offenses for ultrawealthy Canadians and ultrawealthy foreign nationals who try to circumvent Canadian tax law by moving or hiding money, including seeking extradition to Canada for accused who flee.

The Research

Our Broader Stance on:

Money is one of the most powerful tools humans have ever invented. Like many other tools, originally created for the betterment of society, money has been co-opted by a few ultrawealthy (sometimes referred to as Ultra High Net Worth Individuals (UHNWI)) members of society as a weapon they use to exert control of others.

Given that money is only a representation of value, not value itself, and that society frequently makes changes to our financial and economic systems - we need to reform our taxation system to ensure our money is only the means to our other desired ends, not an end unto itself.

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