Wealth Tax

Hi


I have read that there is an annual wealth tax in Argentina

If I were to retire in Argentina then I will be liable on a yearly basis as my total overseas

asset will be more than the threshold (Canadian dollars  say $44,000)

I am currently residing in Canada and would love to retire in Argentina


Is there anyone who could enlighten me on this mandatory annual wealth tax?


I have read on the annual taxes on the internet but I am unsure if I have garnered the current

information  I am a bit confused as Argentina had a one-off Covic wealth tax (which is now

history)     But the annual wealth tax is a mandatory tax for all residents?


Please share your interpretation of the taxes with me


Thanks