Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place
@Faijan-zx5ov2 ай бұрын
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
@GoodlifeInvestor2 ай бұрын
Much better video! Like the new style 😉
@patienceisalpha2 ай бұрын
yes foreigners are non resident aliens. don't spread the word hehe. The foreigner can be subject ot the risk of the US estate tax though. so one has to be resident of a US estate tax treaty country or sell to avoid that latent risk. This same behavior of 0% capital gains tax happens when one renounces a US citizenship (not being covered expatriate) or a long term green card. Or for what it's worth just leaves the US after a non immigrant visa.
@radio_nowhere2 ай бұрын
Amazing! Can you do with with an entire trading account? Like, gifting it after buying and selling stocks to 4x your initial money?
@runderwo2 ай бұрын
The problem with this strategy is that tax-free gifting to a non-US spouse is limited to
@dr-rexmangrca1132 ай бұрын
Best is wipe your backside with blue passport... And get another and use offshore structures.. I was in offshore for about 35 years
@RunForPeace-hk1cu24 күн бұрын
That’s what people common called tax evasion 😂
@danielbarbour6294Ай бұрын
1. Can you gift shares in an index fund? 2. Can you gift shares from a US corporation to a Canadian citizen and benefit from this mismatch of tax policy?
@ilya63552 ай бұрын
Question: what happens if you put a crypto in a cold wallet and lose keys. Would that be considered a loss, etc?
@RunForPeace-hk1cu24 күн бұрын
Nobody knows about it and you can’t prove you have it …
@jamesswan76952 ай бұрын
You touched on the subject of USA LLC ownership by Canadians, I know quite a few people that have one. Can your expand on what the issues are for them? (they might be unaware and as you state quality cross boarder tax planning providers are limited in numbers.
@RadioIlluminaticom2 ай бұрын
I think, it is better to get out of the tax slave system as fast as possible, before we make too much money they can steal/tax. I'm getting close to make it as a day trader, so I'm already planning my escape from Denmark. They can't tax my mind - yet.
@user-xm6xr9vm3d2 ай бұрын
Good content and good job. Any coupons towards ur paid consultation?
@RicardoGonzalez-lo5ur2 ай бұрын
Probably there is no capital gains tax but I am sure that many foreign jusrisdictions would treat the gift as ordinary income and tax it at the date of reception at a much higher rate. Need to pick well the tax residency of the recipient.
@ChrisMCP22 ай бұрын
Can you do that for Canada and some zero or low tax jurisdiction?
@heyandrewharris2 ай бұрын
Is there no withholding tax that needs to be paid when selling us shares in a foreign country?
@colin31202 ай бұрын
Cool, I am in the situation that I don't need to pay tax on capital gains at all. That would mean I can provide a service...
@bobyrd742 ай бұрын
Very interesting! does Mexico treat inbound gift capital gains the same way that Canada does?
@mcvga2006Ай бұрын
Can this work for departure tax for someone planning on leaving Canada in future?
@OffshoreCitizenАй бұрын
Depends on all the circumstances involved. Probably best to reach out and we'll figure out what is the best strategy for your case