<<Taxed at 40%? Yikes!!! Guess I won't be moving to Canada any time soon>>
For those in tune with the Force and weaved into the Fabric of IT, or, eh, home.boom.com.hk , the effective rate would be zero, which compares quite favorably to Guam, US of A, with its confiscatory 15% rate.
For Canadians with Barbados domiciled off-shore companies, liable for a 3% corporate tax, repatriation of company's equity gains can, I suppose, be tax-efficient, as in free.
Canada, unlike the US of A, has no worldwide income tax. For those Freedom-loving Canadians care enough to establish metaphysical residency in Communist Macao, in exchange for USD 64k investment in a small apartment, things could work out quite well in the Last Man Standing Financial Death Match elimination rounds.
Chugs, Jay |
