Bahamian Tax Benefits for Canadian Investors
Posted by Helen Dupuch on
Despite Canada's wide reaching financial laws on income and restrictions on tax havens, the Bahamas can still serve as an ideal place to invest in, for non-residents.
In contrast to tax law in the United States, income taxation is based on residence, rather than citizenship. This means that while Canadian residents are taxed on any of their worldwide income, non-residents are only taxed through a withholding tax regime on certain specific kinds of investments.
These investments include things like:
- Income from employment in Canada
- Business carried out in Canada
- Gains realized on the disposition of taxable Canadian property
Corporations that are non-residents of Canada follow much…
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