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The latter option is illegal though? My understanding was you could legally move to the UAE for a time as a Canadian citizen and do what I described. It seems
by gonehome 5y ago
The latter option is illegal though?
My understanding was you could legally move to the UAE for a time as a Canadian citizen and do what I described.
It seems easy enough to not have day to day operations in Canada during that time. This seems like a way better option than tax evasion and prison imo.
- ipaddr 5y agoIf you are willing to completely cut ties. No bank account, no property, no memberships, no ties at all. Then you have to wait for a period of time. It won't be easy and they may retroactivity tax you. If you got married had a family took another citizenship and lived for many years away your plan could work. The easiest legally would be to set it up under a company and pay a much lower tax rate.