Quote:
Originally Posted by Unregistered
Finish your mrcgp.
Apply for Canada PR.
Most provinces will recognize Mrcgp as equivalent to CCFP.
Work in Canada as a family dr. Annual income after costs is about 200 to 300k.
You should setup a professional corporation. You have 16 percent business tax. Then you only pay yourself what you need for personal expenses. Personal income is then taxed at personal income rates.
Cost of living is 5 times less than in Singapore. Houses and cars.
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Does canada tax authority enforce on this kind of tax arrangement?
Singapore iras has recently busted many gps and anaethesiologists for tax avoidance. Corporate tax rate lower than personal income tax, so a number of Docs incorporate shell companies to avoid tax.
For example you are a locum u incorporate yourself as an company. And credit all locum dollars into this company. Then pay corporate tax rate. Then issue dividend from ur company to yourself which. Dividends are not taxable. So you essentially pay corporate tax rate which is lower than personal tax rate.
Same thing for anaesthesia when they render service they credit the income to their shell company, receive zero salary but takes dividend from the shell company instead