Fortunately, they do get a credit for some of the taxes they pay to foreign governments. And there’s also a “Section 911” exclusion that allows them to avoid double taxation on income below a certain level. But the overall effect is a system that – at best – is a compliance nightm...
Some people decide to take the single-life annuity. When the employee dies, the pension payout stops, but a large, tax-free death benefit is paid out to the surviving spouse, which can be invested. Can your pension fund ever run out of money? Theoretically, yes. But if your pension fu...
Estate taxes, however, are generally graduated according to the size of the estate, and in some countries they provide tax-exempt transfers to the spouse and make an allowance for the number of heirs involved. In order to prevent the death duties from being circumvented through an exchange of...
Some people decide to take the single-life annuity. When the employee dies, the pension payout stops, but a large, tax-free death benefit is paid out to the surviving spouse, which can be invested. Can your pension fund ever run out of money? Theoretically, yes. But if your pension fu...
Once your CCPC (which probably isn’t that “small” anymore if you’re making more than a half mill in profits every year) makes more than $500,000, you’re still going to get the benefit of that lower tax rate on the first $500,000 in profits that you make each year. For eve...
Once your CCPC (which probably isn’t that “small” anymore if you’re making more than a half mill in profits every year) makes more than $500,000, you’re still going to get the benefit of that lower tax rate on the first $500,000 in profits that you make each year. For...