Showing posts with the label Canada

Why Taiwan may be right or wrong for you

 After a lot of deliberation, and with a bit of inspiration from a fellow gold card holder who's post can be found here , I have decided to write a post about whether you will find Taiwan suitable to you. Please note, that the following are my own views and observations, and you should always try to seek as many opinions as possible before deciding whether Taiwan is for you. I have personally found that Taiwan is not the place for me, so if you are looking for a post that will affirm your decision to relocate to Taiwan, you may want to find an alternate blog, or perhaps you may decide my reasons are not a deterrent for yourself. Before I get into details, there are a few cultural differences that I would like to highlight: Taiwan is #1 - there is a mindset in Taiwan held by both locals and foreigners that Taiwan is the #1 place on earth, despite a lack of immigration or anything else to suggest it is indeed #1. This applies to handling of Covid, living standards, healthcare, educat

Taiwan Tax - part 1 overview

While this may be long overdue, this will be the first of a few posts regarding taxes in Taiwan. This is intended as much for foreigners looking to gain insight into the Taiwanese tax system, as much as I also hope it reaches the Taiwan Ministry of Finance. Please note that these posts will all be general in nature and are not meant to be taken as tax advice. One should always consult with a tax professional to discuss one's specific tax situation. This first post will cover an overview of personal taxes in Canada, the U.S., and Taiwan. First here's a quick overview of the taxation systems in Canada and the U.S.: Both countries operate under a self reporting system, meaning, any person liable for tax in either or both countries is supposed to report all of their taxable income voluntarily. Each person is also required to ensure full compliance with the tax rules in place. Where the government is not satisfied that a person is meeting all of their obligations, the government thr