
What’s Behind the Tax History of Canada's Mysterious Mall Mogul?
2025-09-19
Author: Emma
Meet Ruby Liu: The Enigmatic Billionaire
Ruby Liu, often dubbed a "Vancouver-based billionaire," is stirring controversy as she navigates the complexity of tax residency in Canada. This Chinese businesswoman, who openly acknowledges her ties to governmental organizations in China, owns three shopping malls and a golf course in British Columbia.
A Court Battle for Retail Real Estate
Liu is embroiled in legal proceedings to acquire 25 store leases from The Hudson’s Bay Company, Canada's oldest retailer currently under bankruptcy protection. Her proposed $469 million investment has raised alarms among landlords, who are pushing back against her ambitious plans.
A Decade in Canada, Yet No Citizenship?
Despite her extensive investments in Canada dating back over a decade, court documents reveal that Liu is not a Canadian citizen. In a transparency register required by B.C. authorities, she identified her sole citizenship as "China," raising questions about her residency status.