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Actually in Canada we do not have to give up our citizenship. All we have to do is to become a resident and have our home in another country. This means selling out home in Canada and closing bank accounts,etc. Then we are no longer liable to taxes to Canada as we are no longer a Canadian resident anymore. We get to keep our citizenship, as most countries unlike the USA, are taxed on there residency and not there citizenship.
all anyone else has to do is just become a resident somewere else and then they pay taxes to were they are a new resident if any if there are taxes there.This is why I would never want an american citizenship, or stay in the USA 4 MONTHS A YEAR OR MORE THREE YEARS IN A ROW. I would not want to sell my soul to the devil. American citizenship is maybe not what many think.
Actually I am a Canadian, and Canadians do not have to pay tax to our goverment anymore as long as we are no longer resident of our home country… We are taxed on our country of residence and not on our nationality unlike americans which are the only country in the world who does that….
In Canada, we have to sever most of our ties with our home country. And this included online brokers and bank accounts. It would not make much sense for me to be a resident of Costa Rica yet still paying taxes to canada, seems to me to be a waste of money, I want to pay taxes if any to the country I am now a permement resident of, which would now Be Costa Rica.
If I open an account in America, I would be subject to a foreighn withholding tax of 30% if I am not mistaken, so I am looking then for a broker in my new resident country of Costa Rica for many resons including handyness etc.
Surely there must be brokers in Costa Rica, and if there is not, it might be a great buissness to open up then.
Thank to all that can reply.
Hope this makes sense to you all.
