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Retirement Dreams: All About Relocating to Canada

3 September 2015 No Comment

canstockphoto25409821There are many similarities when comparing Canada with the U.S, so when it comes to retirement options, the fact that there are few cultural adjustments to make and no new language to learn, relocating to Canada could become an attractive proposition.

Plenty of people dream of retiring in the Great White North and regularly search homes for sale to see if they find a property they could move to as part of their retirement plans to relocate to Canada.

Plenty of appeal

Canada offers a tempting combination of some spectacular landscapes and affordable real estate plus there are other factors which all adds up to result in a country which has plenty of appeal as somewhere you might want to spend your retirement years enjoying.

Another aspect that many American retirees find appealing is the fact that Canada is generally considered to have some reasonably liberal social and economic policies, resulting in a level of health care for its citizens which is definitely a noteworthy factor when you are retirement age or older.

It all depends on your personal circumstances of course, but you can certainly find plenty of examples of American citizens who find they are better off financially as a result of moving to Canada, as their living expenses are often lower which gives them more leisure options with their pension income.

Immigration options

One of the most pertinent points to consider when evaluation your immigration options is how much of the year you plan to spend living in Canada.

Some people choose to buy a retirement place in Canada but not fully retire there straight away, which means that they can enter the country as a visitor and then stay for a period of less than six months in every calendar year.

If the idea of an arrangement such as spending the summer on Vancouver Island and then Palm Springs in the winter appeals as a good retirement plan, you shouldn’t need a visa or any special paperwork to do this.

Different visa options

If you are not a U.S citizen and are planning to stay in Canada for a period of time, you may need an Electronic Travel Authorization (eTA) or visitor visa.

Check the list to see what the eTA requirements are based on which country you are currently as resident of. Another visa option might be open to you if you have a child or grandchild who is already living in Canada and is a recognized citizen or permanent resident.

If that scenario applies to you, it is possible that you would qualify for a Parent and Grandparent Super Visa, which will allow you to remain in Canada for up to two years using the Super Visa.

If you are planning to live in Canada for more than six months of the year, the usual requirement is to apply for permanent resident status.

The amount of savings you have will influence how favourably the Canadian authorities view your application for residency in your retirement years.

If your retirement dreams involve settling in Canada, make sure you investigate all of your options and requirements well in advance, so that you can hopefully make your move when that retirement date becomes a reality.

Peter Berry has worked for many years as a relocation consultant. He enjoys sharing his insights online and has already written for a number of different websites.

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