Canadian Citizenship: The Wealthy Global Family's Safe and Tax-Efficient Alternative
Wealthy global families are becoming increasingly aware of their need for a well thought-out citizenship and residency strategy to protect their wealth and to safeguard their freedom of movement.
In the uncertain world facing us today, prudent families understand the importance of keeping their options open and having multiple passport choices. If your family has a net worth of $50 million or more, you may already have started to investigate which combination of passports and residency is best adapted to your situation.
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Jonathan N. Garbutt
Barrister & Solicitor (Ont.), Attorney & Counsellor-at-law (NY)
Practice Restricted to Canadian Income Tax, Trusts and Estates Law
I practice Canadian income tax law, including matters of general tax planning; global corporate tax minimization, tax advice for M&A, international private investment and tax controversy & litigation. I also have experience with international transfer pricing matters. I also practice Canadian trusts and estates law.
While working at one of the largest law firms in the world, I developed a practice in international private banking, specifically advising global high net-worth individuals, families, family offices, financial institutions and trust companies with respect to their interactions with the Canadian tax system. I have advised with regard to all aspects of non-resident trusts settled by, or for the benefit of, Canadian residents, as well as the tax-efficient immigration and emigration for high net worth individuals into and out of Canada. I have also advised in respect of investments by high-net worth Canadian residents off-shore, including private placement insurance contracts, and on the structuring of such investments and transactions for financial institutions. I regularly speak on these issues at various private banking events both in Canada and around the world.
Prior to practicing law, I was an economist at the Canadian Electricity Association and prior to that I was an economist with Nakamae International Economic Research in Tokyo, Japan. Over the years I have volunteered with several organizations, including acting as Treasurer of the Tokyo Canadian Club. While at the Faculty of Law of the University of Toronto, I was Treasurer of the Grand Moot, a supervisor at the Enterprise Legal Services Pro Bono Clinic and an Articles Editor for the Law Review. I articled and practiced with a major global law firm in Toronto where I was also a member of the Toronto office�s pro bono committee and the firm�s North American Pro Bono Leadership Council.
Professional AffiliationsCanadian/Ontario Bar Association � Tax and Estates sections New York State Bar Association � Tax, Trusts & Estates and International Lawyer sections
Education & Bar AdmittanceI am admitted to practice law in the Canadian Province of Ontario and in New York State. I graduated from the University of Toronto Faculty of Law. I have a Bachelor of Arts from Universit� Laval (Quebec City), and a Masters Degree in International Political Economy from the Graduate School of International Political Economy at Tsukuba University in Japan.