By Rachel Hartman
IF YOU’RE INTERESTED IN heading north for retirement, it’s important to think through the implications the decision can bring. “Many Americans assume that moving to Canada is easy and that there’s a special pathway for Americans, since our two countries are so closely connected,” says Cori Carl, author of “Moving to Canada: A Complete Guide to Immigrating to Canada Without an Attorney,” who lives in Toronto, Ontario. “However, that’s not the case. There’s no simple way for Americans to retire in Canada.”
Before planning to retire in Canada, consider the following:
- What type of visa and residency to pursue.
- How your tax situation will change.
- What the cost of living will be.
- Your retirement goals and lifestyle preferences.
Use the following guidelines to help sort through how to move north to Canada for retirement.