What is the interest rate? can't be higher than credit card.
It is investment for the future, the medical and dental students get $300,000 line of credit(Dr. KK Wan keep
talking about it on the radio), Prime Plus 2% is very reasonable
The CCP could spend less on military and space project and use the fund
on education. 50% of the budget is more than adequate for defending the country.
There is only 1 potential enemy(US) and it is bankrupted already.
The social security net in Canada is so loose, many many people are abusing the system in different ways.
can you imagine how many thousands rich Asian families claim to be below poverty ?
In fact, Richmond is considered the poorest community in Lower Mainland, why? a lot of families
claim to have very low income, despite they live in multi-millions house, and hire servants. The
men declare non-resident status and do not pay income tax, while their wives and children are
using the public system. The dependents never pay income tax because they never need to work.
Other scenario is, someone I know lease a 4 acres farm land with a house for $10,000 a year,
he rent out the house for $15,000, grow and sell the Chinese vegetables for cash, declares business loss
and gets subsidize from the government year after year. It is funny that some people do not even know that we have to pay MSP.