Taxes for British Expats Moving to Canada

Taxes for British Expats Moving to Canada

by Jassa
(England)

Hi Sharon

I was wondering if I move to Canada would I have to pay higher tax in Canada becuse I own half of the bussines in U.K

Thank You
Jassa

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Taxes for British Expats Moving to Canada

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Taxes for British Expats Moving to Canada
by: Sharon - Expats Guide

Hi Jassa

Thanks for your inquiry. Please note that I am not an expat tax expert.

I would definitely recommend that you get some professional advice before you move to Canada to ensure you structure things to avoid any potential double taxation.

You can start by reading Non-Resident & Offshore Tax Planning: How to Cut Your Tax to Zero Written by expert tax author Lee Hadnum.

The book is designed to help those who are living or working abroad pay less tax on their U.K income and investments.

It highlights some of the key tax-planning oppurtunities and dangers, focousing on the UK's four major taxes: income tax, capital gains tax, inhertience tax and corporation tax.

A significant part of the book is devoted to British who are considering moving overseas and have heard that this may bring with it substential tax benefits.

The author look at the tax saving oppurtunities, as well as the practical steps and dangerous to bear in mind when considering relocating overseas.

Click Here for more information about Non-Resident & Offshore Tax Planning book.

Good Luck
Sharon

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