0% Capital Gains Tax Trick

[@vanillatgif]

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-zx5ov]

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.

[@GoodlifeInvestor]

Much better video! Like the new style 😉

[@patienceisalpha]

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_nowhere]

Amazing! Can you do with with an entire trading account? Like, gifting it after buying and selling stocks to 4x your initial money?

[@runderwo]

The problem with this strategy is that tax-free gifting to a non-US spouse is limited to

[@dr-rexmangrca113]

Best is wipe your backside with blue passport... And get another and use offshore structures.. I was in offshore for about 35 years

[@RunForPeace-hk1cu]

That’s what people common called tax evasion 😂

[@danielbarbour6294]

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?

[@ilya6355]

Question: what happens if you put a crypto in a cold wallet and lose keys. Would that be considered a loss, etc?

[@RunForPeace-hk1cu]

Nobody knows about it and you can’t prove you have it …

[@jamesswan7695]

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.

[@RadioIlluminaticom]

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-xm6xr9vm3d]

Good content and good job. Any coupons towards ur paid consultation?

[@RicardoGonzalez-lo5ur]

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.

[@ChrisMCP2]

Can you do that for Canada and some zero or low tax jurisdiction?

[@heyandrewharris]

Is there no withholding tax that needs to be paid when selling us shares in a foreign country?

[@colin3120]

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...

[@bobyrd74]

Very interesting! does Mexico treat inbound gift capital gains the same way that Canada does?

[@mcvga2006]

Can this work for departure tax for someone planning on leaving Canada in future?

[@OffshoreCitizen]

Depends on all the circumstances involved. Probably best to reach out and we'll figure out what is the best strategy for your case

[@RadioIlluminaticom]

Aboot = Canadian

[@sky37blue]

And Scotland