Becoming a non-resident of Canada
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- Опубліковано 3 сер 2024
- Becoming a non-resident of Canada for taxation purposes is an important concept. This video explains some of the concepts.
Here is the Canada Revenue Agency website: www.canada.ca/en/revenue-agen...
JH Marlin Law is a law firm that specializes in citizenship by investment and residency by investment:
- Antigua & Barbuda citizenship by investment
- Dominica citizenship by investment
- Grenada citizenship by investment
- Saint Lucia citizenship by investment
- Saint Kitts & Nevis citizenship by investment
- Malta citizenship by investment
- Turkey citizenship by investment
- Vanuatu citizenship by investment
For more information about citizenship by investment visit: jhmarlin.com
Important: This video does not constitute legal advice and is for general information purposes only. You are not a client of ours unless formally engaged by us.
Jennifer@jhmarlin.com
#tax #millionaire #investment
Thanks for info Jennifer.
Thanks for this!
Even the retired Canadian can apply non resident of Canada first and then move to Thailand to enjoy retirement there.
What taxes does Nevis and similar jurisdictions have to pay for government services.
I live most of my time in Mexico (11 months of the year) and wonder what the pros and cons of becoming a non-resident for tax purposes would be. I own the typical assortment of financial products (TFSA, RRSP, non-reg, RIF), receive OAS and CPP, and own a condo that for a very personal reason (family member who needs living support lives in it rent-free), I do not want to rent or sell. Where should I obtain assistance to do this analysis?
Hi Jennifer, thank you for the video, would you know if it's 183 days consecutive or in a calendar year
Calendar year
@@JenniferHardingMarlincitizen amazing. Thank you so much! Subscribed 🙏🏼
@@sameers6148 thanks!
Hi Jennifer, what happens to a real estate that you own? Do you have to sell? Can you rent it out? If you rent it out, how do you get taxed?
You can keep real estate I think it loses almost all of its tax efficiency though and there is no write offs, 25% flat tax off the top of rental income is my understanding.
Anybody has any tips on how to invest in stocks while staying non resident 🤔 have mine in TD bank but I heard I can’t keep it that way
Quest trade I think is the only service that allows trading for non-residents. You’d have to move stocks over and close account if TD charges monthly. If you already became a non resident you’re likely SOL. If not expect a capital gains tax. Wouldn’t be a huge one but if it’s unpaid good luck coming back.
True, I moved to questrade.
So distracting.