Enjoy a tax-free life
- Before arriving in Canada, immigrant investors have a unique opportunity to establish an offshore trust which can allow them to avoid paying Canadian income taxes for a period of at least five years.
- Through the offshore trust, the initial capital and capitalized revenue can be distributed at a later date, without being taxed, to beneficiaries residing in Canada. The offshore trust is also beneficial with respect to the new regulations which call for the declaration of worldwide net assets by Canadian residents.
- For more complete details, consult LBG Canada, which can also recommend Canadian professionals specializing in offshore trusts.
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Additional fiscal benefits of coming to Canada
- Above and beyond the country's prosperity, Canada offers immigrants from many countries definite fiscal advantages. For example, Canada’s federal and provincial governments do not levy inheritance taxes. And Canada does not have the wealth taxes that apply in many countries.
- Finally, in comparison with the maximum marginal income tax rates in some countries, many immigrant investors find that Canada offers definite advantages.
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