{"id":2959,"date":"2024-03-13T10:42:40","date_gmt":"2024-03-13T17:42:40","guid":{"rendered":"https:\/\/coldstreams.com\/travel\/?p=2959"},"modified":"2024-03-13T10:42:41","modified_gmt":"2024-03-13T17:42:41","slug":"how-to-retire-in-canada","status":"publish","type":"post","link":"https:\/\/coldstreams.com\/travel\/2024\/03\/13\/how-to-retire-in-canada\/","title":{"rendered":"&#8220;How to retire in Canada&#8221;"},"content":{"rendered":"\n<p>This is FALSE:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>As a tourist, you can purchase a vacation home and set up a bank account in Canada. \u201cI\u2019ve done this myself and never had any problems at the bank or at the border,\u201d says Cori Carl, author of \u201cMoving to Canada.\u201d<\/p>\n<cite><a href=\"https:\/\/www.msn.com\/en-us\/money\/retirement\/how-to-retire-in-canada\/ar-AA1hs8wR?ocid=msedgntp&amp;pc=U531&amp;cvid=3d5f384d2870451ab57eaf1d361bd180&amp;ei=302\">How to Retire in Canada (msn.com)<\/a><\/cite><\/blockquote>\n\n\n\n<p>Reality:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>As of 1 January [2024], the ban prohibits people who are not Canadian citizens or permanent residents from buying residential properties, and imposes a C$10,000 fine on those who breach it.<\/p>\n<cite><a href=\"https:\/\/www.bbc.com\/news\/world-us-canada-64082923\">Foreigners now banned from buying homes in Canada (bbc.com)<\/a><\/cite><\/blockquote>\n\n\n\n<p>Unless you have pre-existing immigration privilege or can purchase an investment residency visa (very expensive), you cannot retire in Canada. IF you have permanent residency in Canada, even if a foreigner, you can buy a property. But the above media nonsense suggests visiting as a tourist and then buying a property &#8211; which you cannot do.<\/p>\n\n\n\n<p>The media promotes a myth that Americans can easily move abroad or retire abroad. This is generally not true, except for those with prior immigration privileges, or in selected set of countries, primarily in Central and South America, or on Carribbean islands.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Media story falsely claims Americans can easily retire to Canada and purchase property. As of Jan 1, 2024, Canada prohibits property purchases by all foreigners.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,23],"tags":[],"class_list":["post-2959","post","type-post","status-publish","format-standard","hentry","category-background","category-immigration"],"_links":{"self":[{"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/posts\/2959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/comments?post=2959"}],"version-history":[{"count":0,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/posts\/2959\/revisions"}],"wp:attachment":[{"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/media?parent=2959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/categories?post=2959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coldstreams.com\/travel\/wp-json\/wp\/v2\/tags?post=2959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}