I just spent some time trying to figure out if there are any advantages to dual citizenship. In my case it is Can/Aus. I work here as a resident. Superannuation contributions are limited to 25k and after that you are taxed at an excessive rate if you want to put in to your super.
I was thinking that instead of contributing extra to my super in Australia, I could be contributing to the equivalent in Can (RRSPs). It doesn't lower my taxable income but it does put my money in a tax sheltered investment.
Anyways, it was just a random thought. It actually doesn't work great for early retirement but it made me wonder if there are other advantages dual citizens could use.
I was thinking that instead of contributing extra to my super in Australia, I could be contributing to the equivalent in Can (RRSPs). It doesn't lower my taxable income but it does put my money in a tax sheltered investment.
Anyways, it was just a random thought. It actually doesn't work great for early retirement but it made me wonder if there are other advantages dual citizens could use.