/biz/ - Business & Finance

Here in Canada the true north, strong and free we only have to pay capital gains tax on 50% of our total earning.

This means the effective tax rate on $100,000 is only 8.30%. On 1mil it's only 23% imagine rates like that in EU. Plus when your get capital gains or dividends you don't have to pay in to any pension plan shit or anything like that.

Also we have TFSA's which are investment vehicles that you can contribute $5,500 every year. They allow you to trade in anyway you'd like just like a normal account except you're exempt from all tax on any of your gains. Might sound like a small amount but it builds up very nicely over the years.

Can I take Canadian citizenship as an alternative?