T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Condor who wrote (1843)	11/14/1999 5:07:00 AM
From: Riverlightning	Read Replies (2) of 5053

Canadians and Americans as well. We are in a technological age. Wealth is no longer measured by land and factories. Vast sums of money can be transferred thru cyberspace at the click of a mouse. If you are a full time trader (I am not) and that is your sole or main income generating activity, it makes no sense to pay the oppressive Canadian taxes or the somewhat less onerous US taxes. You can become a citizen of some fine place like the Cayman Islands and get a second passport. You can establish your legal residence in that tax friendly country. You can then transfer all your accounts to that residence address. Then you can legally tell the IRS and the Canadian tax folks to kiss your capital gains. This is not worth doing unless you have significant stock earnings. Of course you should consult a lawyer of your choice before proceeding along these lines. If done correctly it can work.

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