INVESTMENT OPTIONS FOR CANADIAN EXPATS

In previous articles I have spoken about investment options for American, British and other expats. How about for Canadian expats?

Before beginning this article I should mention that I am not a tax-advisor, merely I am familiar with tax-efficient investing vehicles.

This article is long. For the time poor that are looking for advice as an expat, you can email me — advice@adamfayed.com.

Option 1: a local solution in your country of residency

Canadian expats living overseas might want to invest with a local brokerage and focus on real estate in the local area. In other words a Dubai broker if you live in the UAE, or a UK broker if you live in London.

This has several advantages and disadvantages. For Canadians living in the United States, this is probably the most tax-efficient option.

The US tax authorities, the IRS, make it much more tax efficient to invest inside the country for American residents, and most overseas brokers (whether in Canada or beyond) will not want to take American residents for legal reasons.

Another reason to take this option is if you are very “close” to your second home. In other words, if you have lived in another country for 30 years and know the place well, often with a family that is from that country, a local solution might make sense.

This is because you have become more of an immigrant, rather than an expat, and aren’t planning to move around every 3–4 years.

In the main though, a local solution in your new country of residency has many negatives, including:

  1. It often isn’t the most tax-efficient option, with the exceptions mentioned above.

Option 2: A Canadian-solution — Canadian Brokers and Real Estate

To carry on reading click here.

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Owner at adamfayed.com.

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