Recent content by myfriendjohn

Good post. For clarification... you said... Some countries have no CFC rules - but they do have PE rules (ie Costa Rica). Wouldn't that negate the benefit?

I currently live in Belize. I have a Hong Kong Company. And am looking at a potential move to another country. The new country has PE rules but not CFC rules. Does this mean that if I move to this new country, I will have to pay corporation taxes on my HK company? Trying to understand...

I think it's going to be about $4K per year.

Thanks! I have surrendered my OHIP card already. My driver's license expires in 3 weeks. I own no real estate in Canada. And I have abandoned my bank accounts - no activity in more than 6 months. Also, bought our one-way ticket more than a year ago. Hopefully I'm ok. Not sure how I'll...

OK, thank you. Appreciate the help.

What would be considered a high income threshold? And would it apply to dividends?

Good point. No, that doesn't sound like it's worth it lol.

If that happens, is it a viable strategy to live 6 months less a day here, 6 months less a day in somewhere like Mexico, and 2 days in a third country? That more or less suits our lifestyle anyway.

Definitely a concern for me. Setting up the company was pretty inexpensive. So, I'm willing to give it a shot - but not leaving much capital in the banks. Agreed. Not sure there's anyway around this if I want to continue living here. My quick research shows no PE or CFC rules in Belize...

I have the following set up currently, and wondering if anyone sees any holes. I'm not looking to evade taxes, but to minimize them. - I'm Canadian - I live in Belize - My clients are all US based - I have a Hong Kong corporation (should be 0% corporate tax since all revenue is from...