Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Murray Edwards Changes Residency from Calgary to London

OMG!WTF! · 03-29-2016, 09:52 AM

This seems to clarify some of the tax questions...

http://business.financialpost.com/fp...murray-edwards

Looks like it costs $250 to cut and paste from Post articles now. But what stands out is that Canada is now one of the highest tax jurisdictions for wealthy people at 53%. Only Sweden, Denmark, and France are higher in the western world. Great Britain has a special "non-domicile" tax rate, close to 0%, specifically for rich ex pats and it works....lots of rich people move there for that reason. Edwards was looking at a 20% increase in income tax, 23% increase in capital gains and a 50% increase in dividend taxes so he left. Not a real head scratcher.

03-29-2016, 09:52 AM	#141
OMG!WTF! Franchise Player Join Date: Oct 2014 Exp:	This seems to clarify some of the tax questions... http://business.financialpost.com/fp...murray-edwards Looks like it costs $250 to cut and paste from Post articles now. But what stands out is that Canada is now one of the highest tax jurisdictions for wealthy people at 53%. Only Sweden, Denmark, and France are higher in the western world. Great Britain has a special "non-domicile" tax rate, close to 0%, specifically for rich ex pats and it works....lots of rich people move there for that reason. Edwards was looking at a 20% increase in income tax, 23% increase in capital gains and a 50% increase in dividend taxes so he left. Not a real head scratcher.