1. Terry Newman: Tech exec pitches Liberal convention on $500K exit tax for educated Canadians
2. Just to put this in a perspective. I had left Canada 2x, first time in 1999 moving to the Silicon Valley. No issues, no problems, it was like - good luck and please come back one day. I stayed there for 3 years and then for personal reasons moved back to Canada. Again, no issues.
Second time around, left in 2020, arranged my tax residency in Paraguay and declared myself to be a non-resident in Canada for tax purposes - so there was an 'exit tax' meaning that all my assets have been deemed to have been 'disposed of at fair market price' and I had to pay the capital gains tax.
So I am happy I am out of the system.
This, however, if implemented - and I have no doubts that if this is published by a major national newspaper - that this is a trial balloon - would represent further descent to a true dictatorship. Just how many students who just finished (overpriced) academic degree - will have $500 K to "donate" to our f*g govt as a ticket to freedom????
Thoughts anyone?
2. Just to put this in a perspective. I had left Canada 2x, first time in 1999 moving to the Silicon Valley. No issues, no problems, it was like - good luck and please come back one day. I stayed there for 3 years and then for personal reasons moved back to Canada. Again, no issues.
Second time around, left in 2020, arranged my tax residency in Paraguay and declared myself to be a non-resident in Canada for tax purposes - so there was an 'exit tax' meaning that all my assets have been deemed to have been 'disposed of at fair market price' and I had to pay the capital gains tax.
So I am happy I am out of the system.
This, however, if implemented - and I have no doubts that if this is published by a major national newspaper - that this is a trial balloon - would represent further descent to a true dictatorship. Just how many students who just finished (overpriced) academic degree - will have $500 K to "donate" to our f*g govt as a ticket to freedom????
Thoughts anyone?
