Tea, Maple Syrup And Taxes

This article was first published in the STEP Journal.

Canada is one of the preferred locations for emigrating UK residents. Wealthy individuals will be persuaded by Canada's unique mix of European and American culture, proximity to the American market, and consistent placement at the top of international happiness and standard-of-living indices.

That said, the UK, with its tax system that remains favourable to non-domiciliaries, still holds great sway for wealthy Canadians. But tax is rarely the tail that wags the dog: wealthy families come to the UK because of its schools, its business opportunities and the City of London. Whether travelling east or west over the Atlantic, there will be tax implications in both the UK and Canada.