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Canadian prime minister Justin Trudeau and the government of Canada are investigating the idea of wealth tax! Some emails leaked and we could make some assumptions regarding which direction Canada may take.
Is Canada going to introduce citizenship-based taxation and wealth tax? The first is quite unlikely in my opinion, and I’ve talked about it multiple times.
However, it is quite likely that countries make it difficult for you to cease to become a tax resident – you may have to jump through hoops to prove you’re not a resident anymore.
But what about the wealth tax? According to these leaked emails this is also quite unlikely to be introduced in Canada, at least for the time being.
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Author: Michael Rosmer
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