Great post man. We are in the process of leaving the country. I don't own a single Canadian equity. This is not a situation that can be fixed and it's time to drop the patriotisms and look at the facts that there are countless countries that would be glad to have you, at least right now. Let them fail.
We haven't decided yet. We are currently in the process of buying property outside of Canada right now, focusing on eastern europe and SE asia, while not ruling out south america yet. There are so many considerations, but we are anticipating a USD collapse (alongside CAD), so staying away from latin america which is largely based on USD seems like the obvious choice.
Step 1 is buying properties in 2-3 countries and setting up a corporation in a tax haven, step 2 is finding the one we like the most and moving there. We're intending on transferring money out of the country via cryptocurrency to prevent any fuckery with exit taxes. Any equities will be owned by the tax haven corp, and will NOT be in Canada.
We are both lawyers, and know the writing is on the wall.
Great post man. We are in the process of leaving the country. I don't own a single Canadian equity. This is not a situation that can be fixed and it's time to drop the patriotisms and look at the facts that there are countless countries that would be glad to have you, at least right now. Let them fail.
We haven't decided yet. We are currently in the process of buying property outside of Canada right now, focusing on eastern europe and SE asia, while not ruling out south america yet. There are so many considerations, but we are anticipating a USD collapse (alongside CAD), so staying away from latin america which is largely based on USD seems like the obvious choice.
Step 1 is buying properties in 2-3 countries and setting up a corporation in a tax haven, step 2 is finding the one we like the most and moving there. We're intending on transferring money out of the country via cryptocurrency to prevent any fuckery with exit taxes. Any equities will be owned by the tax haven corp, and will NOT be in Canada.
We are both lawyers, and know the writing is on the wall.
Move to the states. Check out the e2 business/investment visa. If you invest 50k usd into a business you can move to the states.
I would not do that personally. The USD is in the same position as the CAD.
Why does currency matter? This is about moving to the states.
Basically buy a turnkey franchise like A fast food restaurant. You make money and get to live in the states.
I posted a similar reply to your comment above, cheers. tldr, we haven't fully decided yet.