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.
Read MoreFees & Retainers
- Lawyers are expensive, tax lawyers even more expensive. However, the goal of Garbutt Tax Law is to make hiring a tax lawyer one of the most cost-effective decisions you will ever make.
- Garbutt Tax Law works on the basis that we will always provide you with an estimate of the cost to assist you with your Canadian tax issues.
- In almost all circumstances, we will ask for a fixed fee to perform the requested services rather than working on the basis of the "billable hour".
- Fixed fees provide certainty to client, and encourage efficiency by the lawyer.
- Before any work is undertaken we will require that a retainer is paid to our trust account, usually of the entire amount of the estimate or fixed fee, plus the cost of anticipated expenses and disbursements.
- We do not consider ourselves engaged to provide legal services to anyone, under any circumstances, until: 1) an engagement letter has been provided to the potential client; 2) the potential client has signed and returned the engagement letter; 3) the potential client has provided us with sufficient proof of identification; 4) and the retainer amount specified in the engagement letter has been received and cleared into our trust account.
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Payment of any amount to Garbutt Tax Law by credit card, or otherwise, does not create a solicitor-client relationship. Only clients who have already received and returned a signed engagement letter from Garbutt Tax Law, along with all of the other required documentation, will be considered to be clients of Garbutt Tax Law. If you have not received, signed and returned such a letter, any amounts paid to Garbutt Tax Law by credit card will be refunded to you on the credit card used to make the payment in Canadian dollars at our earliest convenience, less any credit card fees or disbursements incurred. Garbutt Tax Law is not responsible for any variations in exchange rates.
If you have signed and returned a Garbutt Tax Law engagement letter and all related documentation, please also be advised that the payment of any retainer, legal fees or funds for disbursements via credit card will result in Garbutt Tax Law being charged fees on such amounts. Garbutt Tax Law may have to transfer such amounts to the Garbutt Tax Law trust account from the Garbutt Tax Law business account once it has been received from the relevant credit card company and/or bank. This may result in some delay in finalizing, and/or temporary discrepancies in, the amounts credited to you in trust in the Garbutt Tax Law trust account with respect to retainers or amounts held for disbursements. However, regardless of the mechanics or delay required, the amount of the retainer will be held in the Garbutt Tax Law trust account in trust for your behalf, and that any and all reasonable fees or expenses related to the transfer from the credit card account or business account with regard to retainers and fees will be covered by Garbutt Tax Law. Credit card or bank fees on amounts paid for disbursements will be treated as a further disbursement on a pari passu basis with any amounts paid as a retainer or for legal fees. By paying funds as a retainer or for the payment of disbursements by credit card, you hereby irrevocably agree to make Garbutt Tax Law your agent and/or bare trustee (as that term is defined in the Canadian Income Tax Act) for the transfer and delivery of funds or amounts paid by credit card to the Garbutt Tax Law trust account as said retainer or amount for disbursements. Garbutt Tax Law, as your agent and/or trustee, has the power and right to effect said transfer of funds by whatever means or methods deemed necessary, efficient or convenient at the sole and unfettered discretion of said agent or trustee.