My back story...
The first house I saved up for was taken from me by incompetent government action leaving me with a complete distrust of the power of government.
I bought a fixer upper house, after saving my hard earned money for years and started gutting it. Then I get a notice in the mail that I owed the government back taxes over $50,000 (54,324 to be exact, (will never forget that))! The thing is I had a blue collar job that had taxes coming off my paycheck and I had no other business interests then my plan to buy, fix and flip my first house. So I clearly KNEW this was a mistake and that I could clear it up with a simple phone call. How wrong I was. I call the number on the notice and explain that this simply can't be possible and to ask them how I could owe so much. Their response... "because you do". I kept asking them to explain it and all they would say is that their records said I owed it.
I was mad, but the next day it got much worse.
I got a notice from my work that my wages were being garnished and that it would leave me with just over $100 a week to live on. Being caught deeply in debt, with a new mortgage and credit card bills to buy materials, I scrambled in vain to figure out what was going on. Sadly I was completely unprepared to understand the proper course to understand, never mind comprehend the problem. I couldn't believe this could be happening, and had no family for help. What I thought would be figured out in days took most of a year. In that time the bank repossessed my house (and because it was mostly gutted it was sold for less then i paid for it), I had to declare bankruptcy to free myself from my credit card bills, debt owed (non government), and my G/F left me (In hindsight not all that bad LOL). I went from a hard working, tax paying, follow the rules person to someone starting over from the bottom, living on a friends couch.
Finally with the help of a friend I was able to get a lawyer (who took a good chunk of the money I got back), and the best we could figure was that a double zero somehow got added to my tax bill. They ruined my life over a simple accounting error and that is also when I found out that the enforcement and accounting departments do not talk to each other. I kept spending all my time trying to talk sense to the enforcement department, not knowing they don't communicate with the accounting, all they did was threaten me and strip me of my income, telling me all along that there was no mistake. Young, stupid, naive (and afraid) me.
The good news is I didn't let them beat me, I recovered from this travesty in my life, though hard work and dedication. I was able to rebuild myself financially, However, I will always be scarred. I will always have a distrust of the power of government, and a desire to take back my own freedom, to not give them a chance to do that to me again. I recently retired fairly young and I have decided to leave Canada and to protect my freedom as best as I can.
What happened with covid was the final straw.
While I am not a anti vaxer, I have friends that were. I saw the government of Canada lock the bank account of one of my friends who supported the truckers protest (giving me flashbacks of what happened to me) and I watched as 2 co-workers I was close to lost their jobs for the simple reason they did not want to get a shot. I thought to myself, this is crazy, how can this happen? I don't fear working with them, I got my shot. It was nothing but punishment for not obeying.
So here I am trying to figure out how to navigate myself to the proverbial sheltered cove. My personal private corporate pension, I can do nothing about. I have however sold the houses I have owed at the top of the overheated market here and have moved to a cash position. All my taxes are paid, I simply am looking for the best path forward. How do I get my investment money out of Canada, how can I un-associate my money with me personally (ie corporate stucture, etc). What is the best way to do it (ie do it before leaving, while leaving or after?). How can I transfer my money to a corporation controlled by me but not linked to me so I can not just protect myself from reprisals from canada but to keep countries and businesses in my new residential countries from knowing my true wealth and taking advantage (ie say a bank in mexico has cartel insiders, and they pass on the info, for a shakedown on me).
Essentially my purpose is to obfuscate. I need a finacial vehicle that will allow my to invest my money while abroad, be that real estate, stocks, income from a side hustle or two.
So knowing my story, what are my options? Can I reasonably achieve my goals? What is your advice? Any links for knowledge and reading?
The first house I saved up for was taken from me by incompetent government action leaving me with a complete distrust of the power of government.
I bought a fixer upper house, after saving my hard earned money for years and started gutting it. Then I get a notice in the mail that I owed the government back taxes over $50,000 (54,324 to be exact, (will never forget that))! The thing is I had a blue collar job that had taxes coming off my paycheck and I had no other business interests then my plan to buy, fix and flip my first house. So I clearly KNEW this was a mistake and that I could clear it up with a simple phone call. How wrong I was. I call the number on the notice and explain that this simply can't be possible and to ask them how I could owe so much. Their response... "because you do". I kept asking them to explain it and all they would say is that their records said I owed it.
I was mad, but the next day it got much worse.
I got a notice from my work that my wages were being garnished and that it would leave me with just over $100 a week to live on. Being caught deeply in debt, with a new mortgage and credit card bills to buy materials, I scrambled in vain to figure out what was going on. Sadly I was completely unprepared to understand the proper course to understand, never mind comprehend the problem. I couldn't believe this could be happening, and had no family for help. What I thought would be figured out in days took most of a year. In that time the bank repossessed my house (and because it was mostly gutted it was sold for less then i paid for it), I had to declare bankruptcy to free myself from my credit card bills, debt owed (non government), and my G/F left me (In hindsight not all that bad LOL). I went from a hard working, tax paying, follow the rules person to someone starting over from the bottom, living on a friends couch.
Finally with the help of a friend I was able to get a lawyer (who took a good chunk of the money I got back), and the best we could figure was that a double zero somehow got added to my tax bill. They ruined my life over a simple accounting error and that is also when I found out that the enforcement and accounting departments do not talk to each other. I kept spending all my time trying to talk sense to the enforcement department, not knowing they don't communicate with the accounting, all they did was threaten me and strip me of my income, telling me all along that there was no mistake. Young, stupid, naive (and afraid) me.
The good news is I didn't let them beat me, I recovered from this travesty in my life, though hard work and dedication. I was able to rebuild myself financially, However, I will always be scarred. I will always have a distrust of the power of government, and a desire to take back my own freedom, to not give them a chance to do that to me again. I recently retired fairly young and I have decided to leave Canada and to protect my freedom as best as I can.
What happened with covid was the final straw.
While I am not a anti vaxer, I have friends that were. I saw the government of Canada lock the bank account of one of my friends who supported the truckers protest (giving me flashbacks of what happened to me) and I watched as 2 co-workers I was close to lost their jobs for the simple reason they did not want to get a shot. I thought to myself, this is crazy, how can this happen? I don't fear working with them, I got my shot. It was nothing but punishment for not obeying.
So here I am trying to figure out how to navigate myself to the proverbial sheltered cove. My personal private corporate pension, I can do nothing about. I have however sold the houses I have owed at the top of the overheated market here and have moved to a cash position. All my taxes are paid, I simply am looking for the best path forward. How do I get my investment money out of Canada, how can I un-associate my money with me personally (ie corporate stucture, etc). What is the best way to do it (ie do it before leaving, while leaving or after?). How can I transfer my money to a corporation controlled by me but not linked to me so I can not just protect myself from reprisals from canada but to keep countries and businesses in my new residential countries from knowing my true wealth and taking advantage (ie say a bank in mexico has cartel insiders, and they pass on the info, for a shakedown on me).
Essentially my purpose is to obfuscate. I need a finacial vehicle that will allow my to invest my money while abroad, be that real estate, stocks, income from a side hustle or two.
So knowing my story, what are my options? Can I reasonably achieve my goals? What is your advice? Any links for knowledge and reading?
