Canada to Paraguay Tax Savings Calculator
Compare your Canada tax burden (up to 33%) to Paraguay's 0% tax on foreign income.
Canada Tax System
- • Top rate: 33%
- • Type: worldwide taxation
- • Self-employment: 11.4%
- • Capital gains: 16.5%
Paraguay Tax System
- • Foreign income: 0%
- • Type: Territorial taxation
- • Self-employment: 0% (foreign clients)
- • Capital gains: 0% (foreign assets)
- • Crypto: 0%
Enter Your Annual Income
Add amounts for each income type (leave 0 if not applicable)
Moving from Canada to Paraguay
Canada taxes residents on worldwide income with combined federal and provincial rates from 20-54%. Self-employed individuals pay CPP contributions up to $7,500/year. When leaving Canada, departure tax applies to deemed disposition of assets. Paraguay offers 0% tax on foreign income for tax residents.
Frequently Asked Questions
What is Canada departure tax?
When you cease Canadian residency, you're deemed to have disposed of most property at fair market value, triggering potential capital gains tax. This "departure tax" can be significant for those with appreciated assets. Planning is essential.
How do I become a non-resident of Canada?
Canadian residency is based on significant ties (home, spouse, dependents in Canada). To become non-resident, you must sever these ties and establish residence elsewhere. Paraguay residency can help demonstrate new tax home.
Ready to Learn More?
Read our complete guide to Paraguay taxes and residency