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Originally Posted by Hehe

Monaco really is the last option. The only thing about it is that I don't need to worry about finding an affordable housing. I can just go. And the tax treatment is incredible.

When I was there a couple of years ago, it was crazy how expensive it was. I mean, just hop over to Nice, pretty much as nice (no pun intended) but at about half of the price on everything.

A meal at a decent restaurant in Monaco is basically priced at what we have at a $$$ restaurant here, but they are in Euros (20-30s for appies, 50s for main course and 20s for dessert). A latte and some breakfast items at a coffee shop is like 20 euro.

My idea is simple, if I can save 1M over the course of next 10yrs horizon (all cost/saving considered), I'm gone. If not, I stay.

Monaco is amazing in tax saving, but the cost of living will start eating into those savings pretty quickly. Alternatively, I can apply for residence in Monaco and do most of my expenses in the French side of things.

As of right now, it seems like Andorra is the one that achieves the highest savings with similar life-quality comparing to Canada. Nevertheless, it's in a place where pretty much I'd be cut from all my current social circle. With Barcelona being the closest large city, it's still a 3hr trip away and I doubt many of my F&F would ever visit even if they go to Barça.

I'm curious, you said your income is passive income.. which is pretty much the lowest taxable income in Canada. Capital gains is taxed way lower as well and no inheritance tax. Canada sucks you dry if you earn a T4 salary + shitty universal health care is not an issue if you have money, you can go to the mayo clinic or MD anderson for better treatment. Is it worth moving to save 25-30%?