More specifically, there have been calls for Canada to follow the FATCA<\/a> model, which is a form of citizenship based taxation.<\/p>\n\n\n\n Currently, Canada like the UK and most other developed Western countries, only taxes based on residency.<\/p>\n\n\n\n In other words, if you are living in Canada as a Canadian or non-Canadian, you pay taxes to Canada.<\/p>\n\n\n\n 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. <\/p>\n\n\n\n If Canada changed to a citizenship based taxation system, Canadians vivere all'estero<\/a> would need to pay taxes to the Canadian Government, if their income exceeds a certain level. <\/p>\n\n\n\n In an article tilted “Canada needs to start taxing Canadians that live abroad”<\/a>, the liberal politician Chandra Arya sets out the case for a citizenship-based taxation system.<\/p>\n\n\n\n His reasons were:<\/strong><\/p>\n\n\n\n What we do know, is that wealthier people, are easy targets during times like this.<\/p>\n\n\n\n Irresponsible politicians will try to increase their populist rhetoric to gain more votes.<\/p>\n\n\n\n So even though there are voices in Canada warning against law changes, citing the problems with FATCA, these populist voices could grow. <\/p>\n\n\n\n So it often makes sense to have some form of insurance against this, in the form of second residencies and passports. <\/a><\/p>\n\n\n\n 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.<\/a><\/p>\n\n\n\n Ulteriori letture <\/strong><\/p>\n\n\n\n What investments are available for Canadian expats?<\/p>\n\n\n\n\n
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