I have been looking into the tax implications of moving to Costa Rica in retirement from Canada and giving up my Canadian residency for tax purposes. I'm looking for any info from other Canadians that have moved to CR and aren't considered a Canadian tax resident by CRA.
My understanding is Costa Rica does not have a tax treaty with Canada. Therefore, any income earned in Canada ie: Canadian pensions or RRSPs are taxed 25% at source in Canada. Also, Costa Rica does not apply income taxes to income earned outside of CR.
Has anyone had experience with this? Suggestions...