One of the first items that many inquire about when considering a relocation of this nature is the relative cost of living. While the cost of living varies somewhat from location to location, we'll focus on Bermuda as an example in this article.
First of all, salaries in Bermuda are quite competitive and as of April 1 2011 subject to only a 5.25% (maximum) payroll deduction - essentially tax free! For Canadians, this is a huge drop in taxes and you'll notice a large difference in net pay on your first pay stub. The lack of tax (not to mention ...