[Hehe]

I'm wondering for people who have/are considering moving outside of BC, what's your rationale behind it in terms of taxation, lifestyle, or whatever?

And more specifically, where are you moving?

I've been thinking about moving, and speaking to a friend who relocated to South America really got me thinking.

BC's cost of living is just shocking to say the least. I'm trying hard to cut unnecessary expenses, but it's hard to go much further without starting to cut into the lifestyle. This plus the fact that much of my investment in commercial RE is deemed as passive income, my tax exposure is huge. I'm currently delaying them by keeping money in the US entity by not issuing any dividends, and it makes sense as I continue to expand the portfolio. But at some point, if I'd like to take it out, the tax would take a big chunk of it.

By moving to a country where they only tax the income from that country and cost of living is lower, I could save an incredible amount of money in taxes alone. But I have kids and they have grown accustomed to the Canadian way of life.

Thus, my question is, for people who looked into moving, what's your thought and where?

I was thinking that maybe even somewhere in Canada. Yes, I'll still get hit by federal taxes, but that's ok. The provincial stuff is something I can play around a bit.