Canada is a beautiful country full of wild landscapes, world-class mountains, and sparkling cityscapes. But with cold temperatures and rising living costs, many Canadians decide to retire elsewhere.
Here, we share some of the top expat destinations for retired Canadians!
The United States
With over a million Canadian citizens, the United States has more Canadian expats than any other country. There are so many beautiful places for Canadians to retire in the US. From coast to coast, here are just a few of the best places for Canadians to retire:
Miami is perfect for Canadians seeking a vibrant, busy metropolis with the benefits of a big city. The Miami lifestyle means white sandy beaches, tropical sunshine, and a decidedly “let’s party” vibe. The city is also home to beautiful art, delicious cuisine, and weekend trips galore (such as the Florida Keys, the Bahamas, or even Cuba).
Fort Myers, FL
Fort Myers and the surrounding communities along the Gulf Coast are popular retirement areas with excellent weather and affordable 55+ homes and neighborhoods. Sanibel Island, known for its perfect beaches, world-renowned shelling, and wildlife, is just a daytrip away.
Green Valley, AZ
Green Valley is a retirement community south of Tucson with breathtaking desert landscapes and Western/Hispanic culture. Retired Canadians can rent or buy in the many affordable 55+ neighborhoods and enjoy countless recreational activities for seniors.
Canadians love Mexico and retire in all parts of the vast country, from beachside condos to historic pueblos to haciendas in the countryside. There are so many options for a comfortable retirement in Mexico, especially if you live further away from expensive tourist destinations. Here are some of our top picks for retired Canadians in Mexico:
San Miguel Allende, MX
Settled in the 1500s, the colorful colonial town, with its cobbled streets, colonial architecture, and cultural opportunities, attracts artists, musicians, and many retired Canadians. The town caters to its large foreign retirement community and foreign guests. For example, the Biblioteca Publica has the country’s second-largest English language book collection and acts as a community center for expats.1
La Paz, Baja Sur, MX
La Paz, the gateway to the Sea of Cortez and the capital of Baja Sur, was founded in 1535. Retired Canadians who want a truly Mexican city will love this rustic, sprawling seaside city. It has an international airport, nine pristine beaches close by, several marinas, and inexpensive housing. Fishing and outdoor recreation are the big draws as the protected waters of the Sea of Cortez team with trophy fish, and the calm waters are perfect for swimming, snorkeling, and windsurfing.
Costa Rica is considered one of the best retirement countries due to its tropical climate, natural beauty, developed infrastructure, and attainable residency requirements. Canadian retirees love this green, tropical country that’s still close to home and very safe and offers a low cost of living and high quality of life (Costa Rica means “rich coast” in Spanish!). Here are some of the top places to retire in Costa Rica:2
San Jose, CR
San José is a modern bustling city and the capital of Costa Rica. Canadian expats enjoy its exclusive retirement communities, great healthcare, and beautiful tropical surroundings.
Tamarindo, Heredia, and Atenas, CR
Tamarindo, Heredia, and Atenas are smaller towns that many Canadians call home. Each has its own flavor, but they all exude a warm, welcoming atmosphere and a leisurely way of life. A couple can retire here comfortably on $1,500–$2,000/month.3
Many Canadian retirees dream of living in a foreign land. There are always risks and rewards to retiring internationally, but many Canadian expats enjoy the rich and rewarding lifestyle of living somewhere new.
This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.