We are mid 40s couple with 2 kids and all have Canadian citizenship and OCI. We have decent assets(RRSPs, TFSAs Non Registered accounts with decent stocks etc), With the situation escalating between US and Canada, We think that Canada will go down quite a bit economically and taxes will skyrocket further as a result of deficit and widespread unemployment. We do online work mostly and our income stream doesn't suffer much even if we shift to India.
We are making an exit plan outta here while optimizing taxes, we have considered following options:
- Exit immediately in June 2026(End of session for kids): Exit some investments in 2025 and rest all in 2026 and pay departure tax. Results
