Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Find Experts to Manage Your Foreign Taxes

6 Nov 2024 · 1 min

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0:37

This short YouTube segment (Richard Canfield) advises viewers to find specialists to manage foreign-tax complexity when leaving Canada or when holding foreign income. The speaker emphasizes interviewing and testing advisors, choosing people who specialize in non-resident and cross-border tax issues, and using professionals to manage taxable events and tax treaties to mitigate risk.

Chapters

Who do you know that can help me get through this process the most quickest way so I can leave Canada? When you find those professionals, you want to interview them, you want to test them, you want to challenge them and make sure that just because they know how to get something done doesn't mean there's not going to be some back end that can come back to you. That's why you want to work with someone who actually specializes and understands this particular component. If you're a non resident, or you have other foreign income sources, things like that, they can help you manage the taxable events and the tax treaties related to those countries and situations. And that's why you want to find the right professionals to mitigate the risk and protect you against those incoming forces.