Not sure where you’re seeing 25% for exit tax on ETFs, it’s currently 41% on both gains and dividends. It used to be 23% back in 2008 and has increased steadily from there to the current 41% since 2014. https://assets.gov.ie/5082/201218111955-d71b3530135c4ed8b556f4dcba3f7e50.pdf

Tax on domiciled etf dividends in Ireland is still 41% right? Or is it 25% like I keep seeing online?

Thanks

Hi there, it depends on your tax residency and ordinary tax residency as well. As far as I know if you are resident in Ireland for over a certain number of days in a given tax year (around 6 months), you are liable for taxes here even if you do NOT remit to Ireland from your Degiro account. If you get dividends paid out, you owe tax on them the year following the receipt of the dividends into your Degiro account. I’m not a tax specialist but this is what I’ve gathered for myself.

I can’t remember if I said this in the post but the biggest pro on Ireland’s side is the earning potential. Canada also has tax free savings accounts and tax-sheltered/deferral retirement accounts but it has been my own experience that after moving to Ireland, we increased our take home by 60%! That extra 60% to invest in whatever vehicle will dramatically decrease our time to financial independence compared to staying in Canada with more tax-efficient investment vehicles. Tax only forms part of the bigger picture equation. I also know some people who had a similar experience coming from the UK, where they were earning 25k/year there and for the same job here were earning 65k. Have a look at some job boards for your own occupation compares!

Good to know, you learn something new every day 🙂 I’ll update