The Panama Report
Everything a Canadian professional earning $300K or more needs to know before making a single call to a Panama attorney.
How Panama's territorial tax system works in plain English — and what it does and does not cover for Canadians specifically, including the honest answer on what relocation actually requires
The Friendly Nations Visa: requirements, timeline, what the process actually costs, and the documents you need
Panama corporate structure and what a Sociedad Anonima does for your tax position when your clients are international
Property ownership, banking, healthcare, schools, and the quality of life a $300K+ earner actually finds on arrival
The honest Bitcoin conversation: what Panama's zero capital gains rate means and what it does not
The Three Paths framework — Snowbird, Second Residency, and Full Relocation — with a clear explanation of which one actually moves your tax position
"One week with the right guide changes what feels possible."
A British professional I worked with in Turkey later relocated permanently to the Azores. That conversation was before any of this existed as a formal service.
Not a General Expat Guide.
Written specifically for Canadian professionals — because what Panama means for your tax position depends entirely on the system you are leaving, and Canada's residency-based tax system makes this move cleaner than almost any other country.
🇨🇦 For Canadian Professionals
Canada taxes residents, not citizens. That is the entire thesis. The moment you formally break Canadian tax residency — file your departure return, demonstrate primary residence in Panama — CRA's claim on your foreign-sourced income ends. There is no worldwide obligation that follows you. This is not an aggressive tax strategy. It is the intended operation of the Canadian Income Tax Act.
The report covers what "breaking residency" actually means in practice, the six-month rule, what the CRA looks at when evaluating departure, and the cross-border specialist work that needs to happen at least six months before you leave.
For Canadians with incorporated businesses, agency revenue, consulting income, or investment portfolios — Panama is the most accessible, legally solid first step available. The report explains why, and what the process actually looks like.