Quote:
Originally Posted by CorsiHockeyLeague
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Nope. Not without a lot more information. But it's fair to assume that he would be doing this to reduce tax paid, and that some portion of his tax paid will be going to England instead of Canada.
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Corsi, I generally respect your argumentation, but sometimes (often) I think you argue just for sake of arguing.
Let's look at the facts logically:
- Changing residency for tax purposes is a significant and very expensive undertaking. For people with sophisticated financial structures (family trusts, companies, personal assets etc.) changing residency may also trigger additional and potentially very high expenses.
- For someone so deeply connected to Alberta in pretty much everything, to undertake this change, tax savings must be worthwhile and commensurate with the cost and effort.
- Is it not realistic to assume that these cost savings should amount to tens of millions for a billionaire (otherwise, there's no point)?
- So, unless Edwards is doing this as a political gesture to stick it to Notley (which I dismiss as implausible), then he is not doing it just to save a few hundred thousand bucks, which would be a pocket change for him.
- And, if the above is reasonable, then is it not correct to assume that those tens of millions of dollars he saves because of this change of residency are NOT going to Alberta and Canada even if we don't know anything at all about his personal finances?