Invest Offshore

Tag: CRA

  • The Trifecta Offshore Asset Protection Structure for Canadian Expats

    The Trifecta Offshore Asset Protection Structure for Canadian Expats

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    by

    Aaron
    in

    For Canadians seeking to protect and grow their wealth internationally, a well-engineered offshore structure can provide tax efficiency, asset protection, and global business flexibility. One of the most effective strategies is what we call the Trifecta Offshore Asset Protection Structure—a three-step plan that integrates the United Kingdom, Hong Kong, and Singapore. This structure is not…

  • Canada’s Economic Decline: 47 Taxes and Still Falling

    Canada’s Economic Decline: 47 Taxes and Still Falling

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    by

    Aaron
    in

    Canada, long viewed as a stable and prosperous G7 nation, is now facing a troubling economic decline. Despite collecting taxes through 47 different streams, the country’s growth is stagnating, productivity is falling, and household debt is among the highest in the OECD. A Nation of Taxes From federal and provincial income taxes to sales taxes,…

  • Canadians Paid Over $350B in Income Tax in 2023—And It Doesn’t Stop There

    Canadians Paid Over $350B in Income Tax in 2023—And It Doesn’t Stop There

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    by

    Aaron
    in

    In 2023, Canadians collectively paid over $350 billion in income taxes. While that figure alone is staggering, it barely scratches the surface when you factor in other taxes like Provincial Sales Tax (PST), Carbon Tax, property taxes, excise duties, and a myriad of hidden levies that significantly inflate the overall tax burden. Many Canadians are…

  • CRA to continue with capital tax changes despite prorogation: Finance Department

    CRA to continue with capital tax changes despite prorogation: Finance Department

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    by

    Aaron
    in

    The federal government says the Canada Revenue Agency will continue to administer the capital gains tax changes proposed in the budget last year, even though they haven’t passed in Parliament, which is prorogued until March 24. Definition prorogued (past tense) · prorogued (past participle) The Finance Department says parliamentary convention dictates that taxation proposals such as the capital…

  • Bitcoin Tax Implications and the CRA

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    by

    Aaron
    in

    There are many players in the world of digital currencies, like LiteCoin, Ripple, PeerCoin and DogeCoin. But in the world of cryptocurrencies, Bitcoin is king! Unfortunately, for many unsuspecting Canadians, investing or trading in Bitcoin could hold a potential risk. It could run you afoul of the Canada Revenue Agency for Bitcoin tax. A WILD…