Expat Canada News

Latest 10 news items tagged Canada

13 Nov at 9 AM 2014

British expats described as unsociable

British expats do not properly integrate after emigrating, according to a new survey, which says they prefer to stick to their own social groups. British expats living in United Arab Emirates and African countries are the least integrated, said the study, which was conducted by global relocation specialist Robinsons. The survey showed that almost a third of respondents, 27 per cent, said that their friends were “mainly British”, while 10 per cent described their social group as “exclusively British”. At the opposite end of the...
10 Nov at 6 PM 2014

UK mafia gangs investing in property purchase scams in Thailand

For decades, tropical Thailand has been a retirement haven for UK expats for its cheap cost of living and year-round sunshine, but buying a condo has always been a risky business. It’s not just the government rules on the purchase of property by foreigners which can ruin the dream, it’s the continuing off-plan property scams perpetrated by dishonest expat developers. The latest to emerge involves a condo block in Pattaya’s Jomtien district – or it would be in Jomtien if it had been built! More than 100 would-be expats have...
7 Nov at 6 PM 2014

Expats find the girl of their dreams after moving overseas

Finding the perfect love match is now an officially-confirmed reason for migration to a far-off land, as many expats find once they’ve taken the plunge. One light-hearted result of this year’s HSBC Expat Explorer survey of over 9,000 expats settled all over the world is that many found the love of their life after leaving the UK. An average of 36 per cent of those surveyed admitted that they’d fallen for a local girl. Top of the tree for suitable partners was romantic Italy, with 57 per cent of respondents cohabiting happily...
6 Nov at 6 PM 2014

Hidden financial and legal hurdles cause most expat stress

A recently released survey warns that would-be expats seeking a new life overseas should watch out for hidden hurdles such as tax and currency issues or unfamiliar legalities. Up to 400,000 Brits emigrate every year, with most citing a more relaxed lifestyle as a major reason for their life-changing decision. However, the survey revealed that it’s not the most alien destinations as regards language and culture which cause the most stress – it’s mostly all-time favourite English-speaking countries such as Australia and the...
5 Nov at 6 PM 2014

Insurer greed and self interest may wreck UK pension revolution

The UK government’s reversal of the purchase of compulsory annuities signalled a welcome sea change for expats as well as UK retirees, but risks being derailed by intransigence between insurance companies and policymakers. All sides in the increasingly volatile debate over the application of the new rules are protecting their own profits and interests and no single organisation is working on behalf of the consumer. The feared result is that rogue advisors and greedy product providers will win out, with pension savers at more risk of...
3 Nov at 6 PM 2014

Advisors fear HMRC plans suspension of India QROPS jurisdiction

Financial advisors providing QROPS pension transfers to expat investors are fearful that the UK’s HMRC is planning to suspend India’s position as a QROPS jurisdiction. Alarms were raised in the sector after the authority rushed out a revised list of QROPS just days after the regular list was issued. On the new list, five previously authorised India-based QROPS were shown as suspended. Since the beginning of 2013, 19 India QROPS have been marked as suspended, leaving just seven of the original 26 pensions still able to accept UK...
28 Oct at 6 PM 2014

Is investing in the Chinese property market the way to go

China’s increasing popularity for an overseas career move gives rise to the question of investing in its property market for expats fortunate enough to have secured long-term employment Rumours that real estate in China is heading for a US-style meltdown are giving would-be expat property investors cause for concern but, as with almost everything in the massive country, there’s more to the real estate market than meets the eye. The much-publicised ‘ghost cities’ aren’t the entire supply and demand story here. Although...
23 Oct at 6 PM 2014

UAE recognition of overseas medical degrees results in more health professionals

The UAE’s new unified professional qualification requirement scheme came into force earlier this month, and has resulted in a larger pool of qualified medical professionals in Emirati hospitals. The new requirements now recognise international medical degrees from a number of countries worldwide, and are attracting experienced expat healthcare workers at all levels to UAE hospitals and clinics. Senior healthcare officials have announced that the UAE-wide laws are aimed at increasing the quality standards of those working in...
21 Oct at 6 PM 2014

Expats turn their backs on international medical insurance due to soaring costs

A recent survey revealed that 25 per cent of UK expats no longer believe that costly international medical insurance is a necessity. Factoring in the ever-increasing expense of international health insurance is a headache for all but the wealthiest of expats, wherever in the world they’ve decided to make their new homes. Overseas private hospitals, especially in Asian countries, are businesses first and healthcare providers second. The 75 per cent of participants who bought health insurance seemed satisfied with the service...
20 Oct at 6 PM 2014

Continuing FATCA chaos impacts long term US expats in Canada

Problems with retaining bank accounts and complying with complicated regulations are hitting hard on all US expats, but those who emigrated to Canada many years ago are experiencing the worst effects. Last February, the Canadian government finally signed on to co-operation with FATCA ruling as regards the disclosure of privately held offshore assets belonging to US expats resident north of the border. The steep penalties imposed on non-compliant foreign banks and the mass of paperwork required has led to many US and foreign banks...