+44 7393 450837
Follow on

Canadian Expat and Nomad Taxes – Changes Coming?

It isn’t the purpose of this article to give tax advice, but some very interesting opinions are coming out of Canada.

After we reported that the Indian government is speculating about bringing out new taxes for expats and nomads, there are now voices in Canada calling on their government to follow the US’ lead.

More specifically, there have been calls for Canada to follow the FATCA model, which is a form of citizenship based taxation.

Currently, Canada like the UK and most other developed Western countries, only taxes based on residency.

In other words, if you are living in Canada as a Canadian or non-Canadian, you pay taxes to Canada.

If you are an expat Canadian living in the UAE, the UK or beyond, you don’t usually pay taxes to Canada unless you have a lot of Canadian sourced income or spend a lot of time in Canada.

If Canada changed to a citizenship based taxation system, Canadians living overseas would need to pay taxes to the Canadian Government, if their income exceeds a certain level.

In an article tilted “Canada needs to start taxing Canadians that live abroad”, the liberal politician Chandra Arya sets out the case for a citizenship-based taxation system.

His reasons were:

  1. The coronavirus shutdown will lead to bigger budget deficits. Canada needs the money from somewhere!
  2. There is a tax incentive for expats to live and work in low tax countries – especially high income expats. These “rich folk” should be taxes!
22592 covid 19 virus and center of Toronto in Canada. 4a045527 5674 4e77 8123 176348b8661a
Canadian Expat and Nomad Taxes - Changes Coming? 2

What we do know, is that wealthier people, are easy targets during times like this.

Irresponsible politicians will try to increase their populist rhetoric to gain more votes.

So even though there are voices in Canada warning against law changes, citing the problems with FATCA, these populist voices could grow.

So it often makes sense to have some form of insurance against this, in the form of second residencies and passports.

If you have any questions or are interested in second residency and passport services, you can use the chat function below or contact me using this form.

Further Reading

What investments are available for Canadian expats?


Leave a Reply

Your email address will not be published. Required fields are marked *

This website is not designed for American resident readers, or for people from any country where buying investments or distributing such information is illegal. This website is not a solicitation to invest, nor tax, legal, financial or investment advice. We only deal with investors who are expats or high-net-worth/self-certified  individuals, on a non-solicitation basis. Not for the retail market.



Gain free access to Adam’s two expat books.

Gain free access to Adam’s two expat books.

Get more strategies every week on how to be more productive with your finances.