Recent content by RexS9999

I was told you can open a Schwab International account without giving a TIN. Use your passport number. The US is not part of CRA. Do they send tax info to ones home country, Canada?

Will they open for a Canadian residing in the Philippines?

Very basic question. I read about these being used for illegal activities as well as hiding assets. However from my experience it is not possible to open bank/brokerage accounts without providing a passport and being subject to tax treaties etc. How do these criminals do this? I am just curious.

Forester I was involved in this sort of thing as it pertained to criminal matters. In Canada you can do almost anything and not go to jail.

Has anyone read about Canada Revenue Agency taking action against anyone as a result of CRA? What amount of money would one have to have before they took action? The Canadian government is very inefficient. I read a lot of people mentioning "going to jail". Not in Canada. You can do almost...

Who will you sell the crypto to? What company?

Can I open an account at DBS Singapore and buy/sell bitcoin? Anyone done this?

Equity strip. If you want to buy a house get a big mortgage. Borrow for car, other items.

Would be nice to see all the fees. They could skim off a lot when they convert to currencies

It is my understanding that dividends on Singapore stocks are not taxed. If I had a trading account there and bought Singapore REITs the dividends are not taxed by the Singapore tax authorities. Is this correct?

I lived in China years ago and sold a property. Had the same issue. A friend took a lot of cash and wired from his business account to my account outside China. Some of the money I packed in a backpack and took a boat from Zhuhai to Hong Kong. HSBC accepted all the cash after asking "where did...

How do you prevent the nominee from later cleaning out the account? Another issue is that the nominees passport would have an expire date and the bank would perhaps ask for a new one years down the road. Another option would be to use a passport you found, lost passport for example. Open the...

Thanks for all this information. Very helpful to me. If I had a retirement visa or married a Filipino and became a resident, and had a bank/brokerage account in Singapore or Hong Kong would this info be shared with the Philippine tax department? Assuming I opened these accounts without giving my...

But if you are a tax resident of a CRS country and open such an account while living in the Philippines you will be subject to reporting. You can open an account with a Philippine brokerage but can only trade Philippine stocks. This is the issue. From what I learned from this forum there is no...

I spend a lot of time in the Philippines. There are new developments planned in areas that I like. I am in no rush to live in a purchased apartment as I can rent. Developers allow one to put up a very small amount up front. Then small monthly fee for five years. When taking possession in five...