2 year plan to lower taxes?

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freedomseeker

New member
Canadian, have a decent stock investment portfolio, but also a private sector pension. I want to become a non resident of Canada to save taxes on my investments, but if I move directly to a non tax or residential tax location like Dubai or Paraguay my pension will be taxed at almost double compared to a country with a tax treaty.

So I was thinking, (say as a example) I was to take advantage of the Portugal D7 visa and become a tax resident of Portugal (tax treaty country) for a year while qualifiying to become a non resident of Canada. My pension is deposited in my wise account monthly and sent overseas to a bank in portugal or perhaps a channel island bank. My IBKR account is notified that my tax residence is now Portugal.

Now if after another year I obtain residency in Dubai or Paraguay, I notify IBKR, and wise (do I have to notify wise?), Do they report back to Canada or would it be now be a matter between Portugal and Dubai/Paraguay?

I am trying to find a way to become a resident of a tax efficient jurisdiction for my stock investments with out raising my taxes on my other revenue stream (pension).

Thoughts?

Ideas?

Thanks.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member

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