Immigrate
To Canada - Live Tax Free
Canada: A Non-Traditional
Tax Haven
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In a recent John
LeCarre book, Single & Single, the character Alfred Winsor is noted
for his expertise in "legal second passports, alternative citizenships
and non-obligatory residence in more than a dozen climatically and fiscally
attractive countries".
While the popular culture always
thinks of small tropical islands as tax havens, there are several G9 countries,
which offer attractive tax sheltering vehicles to entice businesspeople
to reside there, including Canada.
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International immigration lawyer
David S. Lesperance, Barrister and Solicitor, can assist you in immigrating
to Canada. On-Line
Contact Form
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To
learn more about David S. Lesperance - Click Here - |
Whenever I mention to Canadians that
I bring people to Canada as a tax haven, they shake their heads in disbelief.
After all, Canada has a well-deserved reputation for having some of the
highest marginal tax rates amongst the OECD countries. What most Canadians
do not realize is that Canada has a well-established regime of tax sheltering
to attract new residents that it does not offer to its indigenous population.
With proper pre-immigration tax planning, wealthy individuals can move
to Canada and avoid income and capital gain tax on their non-Canadian source
income and capital gain producing assets. In addition, since Canada does
not have an estate tax, it is often considered as a favorable domicile
of choice. Furthermore, while Canada does not have an instant citizenship
program it does allow those who have been permanent residents for three
years to acquire a Canadian passport. Being one of the most treasured travel
documents in the world, the Canadian passport provides visa-free travel
to most countries and allows the holder to take advantage of the North
American Free Trade Agreement to live and work in the United States. Finally,
as a result of the recent decline in the Canadian dollar, residents can
enjoy an excellent
lifestyle, with all the infrastructure
of living in the United States, at only two thirds of the cost.
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