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Moving to the USA from Canada
03-04-2018, 06:26 PM
The federal socialists, and provincial communists have given notice that all the money for their social programs will come from Canadian business.
As a business owner 20min from the USA I have watched for years as US companies no different from mine, grow and flourish. This latest budget by our provincial politburo has BC businesses paying almost $4b in new taxes. In a province of only 4 million.
Its not sustainable to stay here. The amount of effort it takes to make any money here, and when you do, the government takes over half. Whats the point? I love business, but it has be under expectation that any business that can leave, will.
What keeps Canadian businesses here? Especially ones that are within walking distance to the US.
I have been reading about the E-1 and E-2 visas, as this might be the best way to move my business south. From rough number estimates, I would be keeping 60% more of my money. Not insignificant.
I know a few people on here have made the move, and I would be interested to hear what you guys have to say.
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Moving to the USA from Canada
03-04-2018, 06:42 PM
Marry yourself a sexy American girl. Hell marry a man.
Just do the research either way. Don't move to America and find out you're paying the same amount.
Aloha!
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Moving to the USA from Canada
03-04-2018, 07:30 PM
Does your business have to be in North America?
For example, there is an American blogger GoCurryCracker who saved a couple of million bucks and just lives in Taiwan with his local wife and a son. Almost all of his income comes from dividends and capital gains but he structures it in a way that he pays almost 0 taxes even though he is American. His family is covered by cheap and high quality health care in Taiwan. He also travels around the world and uses travel insurance for accidents and self insurance for routine health care while traveling.
It doesn't have to be Taiwan, just an example. Unless you absolutely need physical presence in North America, I would consider other countries, particularly more advanced Asian countries and Southern/Eastern Europe.
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Moving to the USA from Canada
03-04-2018, 09:16 PM
I've been considering relocating to Washington state. Seattle is nutty as fuck, but the conservative and moderate parts of the state help keep them in line. Plus no income tax which I love.
The Bellingham area looks really nice and might be a good option for you. Just south of BC.
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Moving to the USA from Canada
03-05-2018, 07:57 AM
I moved my business from England to the US about five years ago.
We save a ton on taxes by doing this.
The new Trump tax plan gives most small business a 20% tax free deduction as well. Beautiful.
Truth is: it is probably better to be low and maybe even middle income in countries like Canada and England, but for high earners America rips them.
Do it.
E2 visas are fairly easy to get if you are investing a solid $150k min and making a couple of local hires.
Only downside is the visa is tied to the sustainable of the business and you cannot transition to a green card through the E2 like you can with some other visas.
Definitely a good option.
I personally got married. Get a prenup and it is the best option. Your taxes will also plummet because your tax brackets double (shared).
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Moving to the USA from Canada
03-05-2018, 07:59 AM
Just to add;
I am considering moving to Texas to save about 15% more on taxes versus Illinois.
Send those bastards a message:
If you are unfriendly to business, it will leave you.
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Moving to the USA from Canada
03-08-2018, 12:56 AM
Gasoline just hit $1.51/L today in Vancouver.
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Moving to the USA from Canada
03-08-2018, 04:29 AM
Are you by chance enrolled in a First Nations band? If so, let’s take a little walk through history-
-Treaty of Paris in 1783 ends the Revolutionary War, but many of the details between the newly independent states and the remaining British territory goes unresolved.
- In 1794 John Jay negotiated the Jay Treaty with the British to tie up the loose ends from the Treaty of Paris, and part of this treaty speaks to the free movement of Indians on either side of the border. This treaty provision is still in force today.
There’s a bunch of history since then but it’s not really important. What is important is that under the Jay Treaty of 1794 it is your right to freely cross the US border without a passport, and it is also your right to live and work in the United States (and vice versa for US Indians going to Canada).
If you aren’t enrolled in a band...well now you learned some interesting history!
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Moving to the USA from Canada
03-08-2018, 11:47 PM
The Canadian system just kills ambition, drive and competitiveness. I’m from Vancouver and am cashing out of real estate and leaving to see the world, I’ve had enough. I grinded up to a six figure salary, but at the end of the day it was just 12yrs of saving and making good investment decisions. The stats say if you add up all the hidden and not so hidden taxes in BC, we pay up to 65% of our income in taxes.
The place is a total joke now, taxes out the wang, locals priced out of RE, cold, snobby women and rain 9 months a year.
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Moving to the USA from Canada
03-09-2018, 12:23 PM
As you're aware, the weather in western Washington is terrible. However, the weather in the Cascade's rain shadow in central and eastern Washington is almost the opposite- lots of sunshine. Of course, the downside is that you're further away from the Puget Sound seaport and the international airport. Also, when the interstate over the mountains gets snowed under, there goes your transportation artery.
However, the cities of inland Washington- Richland, Pasco, Kennewick, Ellensburg, and Spokane likely are aware of their geographical disadvantages and may offer, in compensation, some attractive incentives for manufacturing to move to their area. You might check with their chambers of commerce to see if they'd be willing to offer you a deal.
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Moving to the USA from Canada
03-14-2018, 12:00 AM
Leftist party is pushing a bill to lower the voting age to 16.
The fuckery of the left in this province is astounding.
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Moving to the USA from Canada
03-21-2018, 10:20 PM
Sorry to hear you are packing up and leaving town - it will be the 604's loss. It is definitely understandable and good for you to get out of this overpriced, socialist la-la land they are trying to build though. The NDP's promise of free stuff will either put the province seriously in debt again or just stifle innovation and businesses as companies and business owners like yourself move elsewhere. Not to mention the high cost of living, rain half the year, and snobby local women, etc.
Despite a low-6 figure salary, I was barely socking away $10-20K per year even with side hustles due to the tax rate and cost of housing. It's disheartening to see the amount they deduct off a paycheque. I have days where I debate between whether making it work here vs achieving financial independence and build that nest egg / internet business to move abroad for good. The latter option is becoming increasingly more attractive
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