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Author: BigHatNoCattle One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 746021  
Subject: Re: Retire in Canada Date: 11/1/1999 8:53 PM
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I'm Canadian currently exiled in Silicon Valley
(for the income tax reasons you mentioned above)
and I've been looking at returning to Canada
when I eventually retire.

BC is one of the more expensive provinces (as far
as taxes go). My calculations show that Ontario
is actually better tax wise than most states until
you hit about $60000/year ($Cdn - about $40k US)
in capital gains. This is assuming all of your
income is long-term capital gains. I think the
wrinkle you may have been missing is that I believe
Canada takes 3/4 of your capital gains and treats
it as normal income, so you get the tiered taxes
for the first bit (and 25% tax free). Or maybe
my calculations are off (it was late). Or maybe
you just need/want a lot more annual income than
me :)

Still, many other issues to consider, but given
that I think I'll be happy with a draw of about
$50-80k/year $Cdn, I think I'll pay a bit more in
tax than in a reasonable state like Nevada or
Washington, but not much more than CA or NY. The
cost of living is much cheaper (from what I've
seen), although the 15% sales tax kind of sucks.

But having guaranteed medical coverage for free
(I'm heard US runs about $200/month with a $5k
deductible for a single 35-year old male in good
health - am I way off?) is worth something to me.
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