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Which country's PR would you recommend for a looking-to-exit-Canadian looking to a) pay less tax (53% income rate is too high!) & b) face less investing regulat
by elevenoh 5y ago
Which country's PR would you recommend for a looking-to-exit-Canadian looking to a) pay less tax (53% income rate is too high!) & b) face less investing regulation (e.g. Ontario banning access to certain crypto exchanges)?
Is there a popular one these days? e.g. paraguay
- proberts 5y agoUnfortunately I'm not up on that information.
- barbazoo 5y agoJust out of curiosity, how do you end up with a 53% income tax rate? Federal: 33% of taxable income over $216,511 Provincial: 20.5% on the amount over $222,420 (max, BC) Obviously the average rate will be far less than the marginal rate. https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html https://www.canada.ca/en/revenue-agency/services/tax/individ...
- markdown 5y agoThey don't end up with a 53% rate. Just a tax dodger who's trying to avoid giving back after they've benefited from a system.
- digianarchist 5y agoCanadians usually quote their top tax bracket than their effective rate. Effective rate is much lower obviously.
- elevenoh 5y agoRight. I kind of think like this by default.
- elevenoh 5y ago33% + 20% on all income over ~450k. Ofc the average is less than this top marginal rate. But it's quite the disincentive.