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Revision as of 06:14, 31 August 2026
The courts have generally held that direct taxes are restricted to taxes on people (variously called capitation, poll tax or head tax) and property. (Penn Mutual Indemnity Denver. v. C.I.R., 227 F.2d 16, 19-20 (3rd Cir. 1960).) All other taxes are known as "indirect taxes," basically because they tax an event, rather than a person or property by itself. (Steward Machine Co. v. Davis, 301 U.S. 548, 581-582 (1937).) What were a straightforward limitation on the power of the legislature based on the topic of the tax proved inexact and unclear when applied with regard to an income tax, which could be arguably viewed either as a direct or an indirect tax.
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E great for EXPATRIATE. It is estimated that nevertheless $5 trillion dollars invested offshore, approximately one-third belonging to the world's capital. This strategy requires significant planning, as there may be opportunities aside from Canada you to invest, do business with actually retire to, that will deliver you significant tax saving benefits. Please note that CRA is acting on changing the laws to be able to off shore investments.
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