The Expat Money Show - With Mikkel Thorup cover image

232: Starting from Scratch: Fundamental Insights into Immigration

The Expat Money Show - With Mikkel Thorup

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Can I Get Out of a Canadian Tax Situation?

I'm very happy to have other citizenship and passports. I would not want to rely on only one. Having multiple passports makes sense for a lot of these things. There's about the taxation. Going back to the Canadian example, which means you have to have the legal right to live and work in another country to get out of Canada's tax net. Also with US citizens, there's only two countries in the world that tax you based on your citizenship - Eritrea and Africa and the USA. Even if you plan on never going back, you still have to file a tax return every year and possibly owe taxes to the US government forever. That would make me super nervous.

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