I'd like to add that it's actually much harder to immigrate to the USA through either job or education compared to Canada. Depending on your country of origin, getting a US passport might be an extremely lengthy process if not impossible ( getting an H1B visa for work is a lottery). Source: I study in the US and my wife studied in Canada.
Only partially correct!… The U.S. is better in both!… The U.S. has way more opportunities to make money and way more choices in how to invest or spend that money!
@@engineered-mind 😂 The only reason anyone would move to Canada is because they couldn’t/can’t stay in the U.S. legally!… A lot of people rejected by the U.S. end up in Canada!
Fantastic like always. If you order these 4 for turning into citizenship-based taxation how will be your ordering? which one you think will be the first and which one the last? EU, Canada, UK and Australia.
Well Canada has started to talk about it so maybe first and UK last. I don't expect we'll see widespread citizenship based taxation it causes too many diplomatic issues and creates conflicts with international treaties. Instead I think they'll go for a global minimum tax.
Great video! I really like the way you remain logical and objective. I agree with you in that if you have ambitions to start a location dependent business the US has the edge without a doubt. Canada is becoming less and less business friendly by the day IMO. The only thing I thought you could have mentioned was the litigation. The US is more expensive in liability insurance by far.
Great video as always! I like how ovjective you are, despite being from Canada. I generally believe both of these countries are amazing places, even though they have some issues. The biggest downside of America for me is this stupid citizenship based taxation. Everything else can work out. :)
Very similar. Canada you pay half of your marginal tax rate. The US it's a fixed rate that works out to similar. Tax brackets are higher in the US though
Good video. Pros and cons like you said. When it comes to healthcare in the US, its fine. If you have a job, they will 99% of the time offer insurance plans that they cover half of the cost. I pay $300 a month for health insurance for myself and my wife. And we dont pay almost anything when we get treated. Canada has public health care but taxes are higher. It kind of makes it similar. The money is just coming from somewhere else. No matter what, people allways immigrate to the US. You can make 100 videos about how much greater it is in Canada, people still move here lol. I live in the northeast so i know tons of Canadian expats who live and work here.
How do they work in terms of exit taxation? I would consider moving to USA or Canada for a few years to set up a Real estate business, but wouldn't want to get hit with a bad exit tax when leaving.
Canada is terrible for exit tax. US is a bit better. But Canada you've got 5 years before exit tax applies and US a bit longer and has a minimum threshold.
Great video , very informative . Do you plan to do a video comparing Ireland and the UK especially in light of Brexit and what the future may be like for those two countries ?
2:48 "Interestingly Canada is the only passport in the world that doesn't have to go through the visa waiver program if you are going to the US, so everywhere else in the world that has visa free access to the US still has to go through the visa waiver program" That's almost true but not really true, the countries that are in the Compact of Free Association (Micronesia, Palau, the Marshall Islands) also don't have to go through the visa waiver program, not just that, their citizens are allowed to live and work in the US indefinitely with a non-immigrant visa
Can you do on Germany vs Switzerland vs Sweden vs Canada? On tax haven and what not for someone who's making at least $20k-50k USD per month!? And particularly who's not from these countries and wanna move someday there for less taxation from south Asia(India)? Thanks!
@@OffshoreCitizen what would you suggest to someone from India who's making $20-50k per month? Where I should move for tax haven and good quality of life with immigrant friendly culture plus safe city? Would you prefer Germany, Singapore, Bulgaria or Canada or Sweden if we can exempt tax from there or you would prefer Dubai? But you've told in one of you're videos Dubai isn't make sense unless you make million dollars a year right? I've an online advertising agency and most of my clients are from US and then UK so what would be the best country for me to incorporate? And do I have to take permanent residence in order to corporate my business there or I can incorporate as non residential? What's the benefit difference between them? I'm sorry if I sound confused lol I'm just new in this taxation thing and I'm learning a lot from your videos and Google search and I'm just early in my business and I hope I'll reach 30-50k USD month soon. Thanks Ps. I like European countries lol because of nature and landscape
@@vimalcurio this is a very individual specific question there's so many factors and preferences to consider. The best if you'd like to go over your specific situation is to book a call and we can go over it in detail: calendly.com/michael-rosmer/ And no Dubai definitely isn't only for if you're making millions it can be great for a wide range of people but it really depends person to person.
Not impressed - a cynic is a cynic - and also his analysis is bloodless - and quality of life seemed to be irrelevant in a lot of ways --- it was a toss off analysis about two significant nations
Hi guys i am trans bi guy and i am thinking of going this countries which country would accept my asylum i really dont feel safe in Turkey i even couldnt start my transition yet
I'd like to add that it's actually much harder to immigrate to the USA through either job or education compared to Canada. Depending on your country of origin, getting a US passport might be an extremely lengthy process if not impossible ( getting an H1B visa for work is a lottery).
Source: I study in the US and my wife studied in Canada.
Yeah on the other hand the US has the fiancee visa, which Canada doesn't
To make money, move to USA. To live, move to Canada.
Only partially correct!… The U.S. is better in both!… The U.S. has way more opportunities to make money and way more choices in how to invest or spend that money!
@@aheat3036 I disagree - to make money it is US but to live permanently Canada
@@engineered-mind 😂 The only reason anyone would move to Canada is because they couldn’t/can’t stay in the U.S. legally!… A lot of people rejected by the U.S. end up in Canada!
No, the healthcare isn't that great in Canada.
Leaving US - cannot recommend it as a place to immigrate to... really reconsider.
Yeah lots of that sentiment. But wages in the IT sector are 3x higher in Seattle than Singapore so for the right person...
@@OffshoreCitizen Seattle to Vancouver is barely 2 hours by car but Software Engineers in Seattle get paid about twice as much too
Hi Michael. Beautiful background...
Yeah great setting Dubai is filled with great views
Great video Michael.
Can you do one on Portugal vs. Cyprus?
Thank youuuu
Great suggestion I'll see what I can do
Fantastic like always. If you order these 4 for turning into citizenship-based taxation how will be your ordering? which one you think will be the first and which one the last? EU, Canada, UK and Australia.
Well Canada has started to talk about it so maybe first and UK last.
I don't expect we'll see widespread citizenship based taxation it causes too many diplomatic issues and creates conflicts with international treaties. Instead I think they'll go for a global minimum tax.
All VS videos are excellent and I personally think offshore citizen family will love comparison videos. Thank you 😍
These are my favorite too! 😄 So happy he does this.
@@tw9419 yeah, especially US VS videos 😉
Great video! I really like the way you remain logical and objective. I agree with you in that if you have ambitions to start a location dependent business the US has the edge without a doubt. Canada is becoming less and less business friendly by the day IMO. The only thing I thought you could have mentioned was the litigation. The US is more expensive in liability insurance by far.
Yes 100% great point. Litigation in the US is nuts
Healthcare is better in USA
Pros and cons I guess. If you can afford really good treatment then yes. In other words the top end is better but the bottom end is worse
@@OffshoreCitizen yea I’m from Toronto, I went to school in Arkansas for healthcare management. This is precisely why I know the difference.
@@soccerguy2468 that's so great mate! What do you think of Canada Sweden and Switzerland Healthcare?
how
Great video as always! I like how ovjective you are, despite being from Canada.
I generally believe both of these countries are amazing places, even though they have some issues. The biggest downside of America for me is this stupid citizenship based taxation. Everything else can work out. :)
How do the capital gains taxes in Canada versus US compare?
Very similar. Canada you pay half of your marginal tax rate. The US it's a fixed rate that works out to similar.
Tax brackets are higher in the US though
Is this Bow river, Calgary behind you?
No this is Dubai
😊
Travels to the Yukon Territory & whatnot #Canada is that close 😊
Good video. Pros and cons like you said. When it comes to healthcare in the US, its fine. If you have a job, they will 99% of the time offer insurance plans that they cover half of the cost. I pay $300 a month for health insurance for myself and my wife. And we dont pay almost anything when we get treated. Canada has public health care but taxes are higher. It kind of makes it similar. The money is just coming from somewhere else.
No matter what, people allways immigrate to the US. You can make 100 videos about how much greater it is in Canada, people still move here lol. I live in the northeast so i know tons of Canadian expats who live and work here.
How do they work in terms of exit taxation? I would consider moving to USA or Canada for a few years to set up a Real estate business, but wouldn't want to get hit with a bad exit tax when leaving.
Canada is terrible for exit tax. US is a bit better. But Canada you've got 5 years before exit tax applies and US a bit longer and has a minimum threshold.
@@OffshoreCitizen cool so within that timeframe one is fine? if leaving
Great video , very informative . Do you plan to do a video comparing Ireland and the UK especially in light of Brexit and what the future may be like for those two countries ?
Great suggestion!
Best country for entrepreneurs or teachers ?
2:48
"Interestingly Canada is the only passport in the world that doesn't have to go through the visa waiver program if you are going to the US, so everywhere else in the world that has visa free access to the US still has to go through the visa waiver program"
That's almost true but not really true, the countries that are in the Compact of Free Association (Micronesia, Palau, the Marshall Islands) also don't have to go through the visa waiver program, not just that, their citizens are allowed to live and work in the US indefinitely with a non-immigrant visa
Good point
I love the food comment.!
Can you do on Germany vs Switzerland vs Sweden vs Canada? On tax haven and what not for someone who's making at least $20k-50k USD per month!? And particularly who's not from these countries and wanna move someday there for less taxation from south Asia(India)?
Thanks!
Good suggestion can do
What sorts of key questions would you have or things you'd like to know?
@@OffshoreCitizen what would you suggest to someone from India who's making $20-50k per month? Where I should move for tax haven and good quality of life with immigrant friendly culture plus safe city? Would you prefer Germany, Singapore, Bulgaria or Canada or Sweden if we can exempt tax from there or you would prefer Dubai? But you've told in one of you're videos Dubai isn't make sense unless you make million dollars a year right?
I've an online advertising agency and most of my clients are from US and then UK so what would be the best country for me to incorporate? And do I have to take permanent residence in order to corporate my business there or I can incorporate as non residential? What's the benefit difference between them? I'm sorry if I sound confused lol I'm just new in this taxation thing and I'm learning a lot from your videos and Google search and I'm just early in my business and I hope I'll reach 30-50k USD month soon.
Thanks
Ps. I like European countries lol because of nature and landscape
@@vimalcurio this is a very individual specific question there's so many factors and preferences to consider.
The best if you'd like to go over your specific situation is to book a call and we can go over it in detail:
calendly.com/michael-rosmer/
And no Dubai definitely isn't only for if you're making millions it can be great for a wide range of people but it really depends person to person.
@@OffshoreCitizen oh I see... Thanks I'll book a call soon with you once I got in certain number with my business.))
From an immigrant standpoint -canada
I'm a Canadian - so I do have a bias about my country - but his analysis was lame in my perception, Andy
Thanks
Not impressed - a cynic is a cynic - and also his analysis is bloodless - and quality of life seemed to be irrelevant in a lot of ways --- it was a toss off analysis about two significant nations
Hi guys i am trans bi guy and i am thinking of going this countries which country would accept my asylum i really dont feel safe in Turkey i even couldnt start my transition yet