Canada - True North Strong and Free - guess no more...

[Mercado4]

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?

 

[JohnnyDoe]

Easy solution: study abroad. Chinese enjoy better treatment in Canada than Canadians.

 

[chicharito]

Unfortunately this is the same dystopian logic that was implemented in the USSR.

The propaganda fed to the local populace was that “We the Soviets granted you all of the education, the benefits and opportunities… how dare you escape to the West and rob your Motherland of what it invested in you”.

....... and that’s why they built the Iron Curtain.

Canada’s exit tax may soon be replaced with an “exit VISA”, which is standard in China and many Eastern countries.

Because make no mistake. Trump’s border-wall, and the airport security biometrics are designed to KEEP YOU locked in. Not to keep some Juans and Consuellas out.

 

[Paratore]

Good thing I don’t live there and just use my passport to show off to friends and impress women.

 

[JohnnyDoe]

Good thing I don’t live there and just use my passport to show off to friends and impress women.

Women are impressed by a Canadian passport? 🤔
What kind of women do you hang out with?

 

[Paratore]

Women are impressed by a Canadian passport? 🤔
What kind of women do you hang out with?

My wife is unimpressed by it so it’s more like a theoretical thing.

 

[Mercado4]

OK so let me disagree here. Ignore the female aspect for a moment - all you need to impress the women is cash, sadly.

As a Canadian passport holder - and a happy non-resident since 2020 - I have been to some 50+ countries traveling on Canadian passport.
Never ever had I had any problems save for trying to enter the US (where I lived at that point) just after 9/11. The issue was that a few months prior to the 9/11 I spoke at the telecommunication conference Arabcom 2001 in Lebanon, and the US border protection was somehow unhappy to see Lebanese entry stamp in my passport. However, in the end it was all good. I was lucky to have a copy of the official program available that showed my name as a guest speaker, so...

Still, regardless of the current proto-fascist state Canada is quickly becoming, do not underestimate the inertia. For most people outside of North America, Canada is still the decent, safe, and a law abiding country. The reality today is different, but it takes time to propagate through the rest of the world.

My $0.03 (used to be $0.02 but now adjusted for inflation).

Cheers

 

[Mercado4]

Easy solution: study abroad. Chinese enjoy better treatment in Canada than Canadians.

I will highly recommend Taiwan. My daughter has studied one semester at NTU (National Taiwanese University) and was really happy there. In addition to it, she also took introductory Chinese and after 5 months was able to communicate in basic mandarin.

 

[Paratore]

OK so let me disagree here. Ignore the female aspect for a moment - all you need to impress the women is cash, sadly.

As a Canadian passport holder - and a happy non-resident since 2020 - I have been to some 50+ countries traveling on Canadian passport.
Never ever had I had any problems save for trying to enter the US (where I lived at that point) just after 9/11. The issue was that a few months prior to the 9/11 I spoke at the telecommunication conference Arabcom 2001 in Lebanon, and the US border protection was somehow unhappy to see Lebanese entry stamp in my passport. However, in the end it was all good. I was lucky to have a copy of the official program available that showed my name as a guest speaker, so...

Still, regardless of the current proto-fascist state Canada is quickly becoming, do not underestimate the inertia. For most people outside of North America, Canada is still the decent, safe, and a law abiding country. The reality today is different, but it takes time to propagate through the rest of the world.

My $0.03 (used to be $0.02 but now adjusted for inflation).

Cheers

I’m not one of those people who bash the west and overlook how abjectly shitty many non-western countries. Canada is a place where a person can live comfortably and build a good life. The government functions far better than in either the US or Italy. They even gave me an unexpected partial refund of my passport fee because it took them 32 days instead of 30 to mail my passport. The passport is better for travel than the US passport and that of many other countries. Taxes are straightforward albeit high. Some government policies are stupid (which government does not have these?). Certainly it’s miles (or kilometers) ahead of Guinea-Bissau (where I hear you can buy a passport cheaply).

The women, though. Even poor women from the third world are unimpressed by the Canadian passport. “Oh, all five of my cousins have one of those.”

That’s my $0.01 (converted to USD).