Recent content by Jerry56

Thanks for the response. All this is terribly confusing for me :P I feel like I need to go to school to figure this stuff out. All I want is for a Canadian client to pay a corporation that is outside of Canada (would need a Canadian bank account) which will create tax-free income for that...

Where else would you incorporate? It seems every country that allows a tax free option is radioactive

Hi Johnny, I am not sure how to DM you, but I am interested in knowing the cost for 2 passes.

The work is not high risk and is online consulting. Currently, it is running through a Canadian corporation that I will be closing once I strategically deleverage it. I also plan to relocate. That said, Wise does not open Belize accounts so it cannot provide Canadian bank account details for...

Great questions, all of which I am working out with my accountant. As for the EMI question, do you have suggestions on banking options? I am looking for a Canadian account number so I can receive payments from my clients. Wise offers this, but does not work with Belize.

Hi all, I am looking to set up a tax-free corp with an EMI service. This way my clients in Canada can make payments to a regular Canada account number. I would love to use Wise.com, however, they don't seem to offer this anymore to the countries I have tried. Ideally, I would use Belize...

My personal tax rate would be at the Canadian rate, but my corporate would be at 0%. I keep my income low enough in Canada to not have to pay taxes within Canada. What I am curious about is if it makes sense to put the corporation in Panama or somewhere else as I don't know the tax laws...

Thanks for the response. I would be living in Panama and conducting my work from Panama. I would just continue to file personal taxes in Canada and corporate taxes wherever I incorporated. I would not pay myself from the Corporation.

Hi Everyone, Details - Want to keep my personal tax residency in Canada. - Married with kids - Income is based on consulting (online) services to Canadians I am looking at moving offshore, possibly Panama, while keeping my personal tax residence in Canada. Then I would open a new corporation...

This is a great list, thank you!