Expat Canada News
Latest 10 news items tagged Canada
1 Sep at 6 PM 2014
Expatriates who lost millions due to the failure of the massive LM Managed Performance Fund, now declared a Ponzi scheme, are banding together to take legal action against dodgy FAs, pension fund trustees and their associated offshore life insurance firms.
The LM scandal is now regarded as the offshore financial industry’s biggest mis-selling scam in several decades. Overall losses across Asia are estimated in the hundreds of millions, with many smaller investors now bereft of their life savings and pension income.
11 Aug at 6 PM 2014
In a desperate move to stop the majority of Irish medical professionals leaving for better-paid jobs overseas, the government is being urged to cut an impressive tax deal with newly-graduated doctors.
A detailed proposal from two Irish government departments, Finance and Health, is being closely scrutinised for inclusion in the country’s 2015 budget. The move follows the continuing migration of a huge number of doctors, nurses and other health professionals to the UK, Canada
, Australia and New Zealand.
The five million euro per...
8 Aug at 6 PM 2014
Survey after survey indicates that an increasing number of Brits can’t wait to retire overseas, but second thoughts later in life can wreck the dream.
One recent study revealed that around six million British citizens are eager to move to other countries for a variety of reasons. However, many are younger people who find that, the older they get, the less they can face up to the challenges involved.
In the real world, retirement overseas has its pitfalls, most of which can be avoided by careful planning and a large dose of...
6 Aug at 6 PM 2014
The number of Britons living or visiting overseas who needed passport help during 2013 rose by around eight per cent, not taking into account the huge number of people affected by the massive passport processing backlog.
The passport backlog itself caused the worst crisis for the British passport office in decades, with hundreds of thousands of unfulfilled applications stacked in boxes awaiting processing. Waiting times of up to and over four months caused ruined holidays, missed family occasions and disrupted business trips....
4 Aug at 6 PM 2014
For decades, expats have flocked to Thailand for its laid-back atmosphere, great weather and low cost of living.
Bangkok, the northern city of Chiang Mai and southern Thailand’s sun, sea and sand beach resorts have long been favourites for expats searching for a place to retire, work or just have fun.
Until recently, immigration laws were loosely interpreted, giving freedom to many to stay without the exact visa requirements.
However, since the military government took over some two months ago, an increasingly tough crackdown...
31 Jul at 6 PM 2014
Favourite retirement hubs along the coast of the Costa Blanca are suffering an epidemic of live entertainment bar closures due to license revoking after noise complaints.
For decades, the Costa Blanca coastline below Alicante has attracted British retirees and entrepreneurs to its more traditional, less riotous Spanish resort towns, with many setting up small bars and restaurants. The region became a hub for live entertainment during the spring, summer and autumn months, attracting performers from across Europe and the UK.....
28 Jul at 6 PM 2014
The 15 July official QROPS list published by the UK’s HMRC has suspended a total of 118 Qualified Recognised Overseas Pension Schemes (QROPS).
The mass cull is the third largest since the scheme itself was introduced in April 2006, and includes 99 Australian QROPS, one from Mauritius, 15 from India and two from Canada
. The tax authority declines to explain the reasons for its decisions, but suspensions can be the result of pensions no longer qualifying for inclusion, tax abuse, single member schemes losing members or reviews of a...
28 Jul at 6 PM 2014
The French healthcare system, highly regarded for decades, has recently received a further boost to its reputation.
The Annual Global Retirement Index survey undertaken for International Living Magazine has rated France’s healthcare the best in the world for expat retirees. Out of 100 possible points, the Gallic system rated 97, and was even described as inexpensive.
Beating out Uruguay in second place and Malaysia in third, France’s benefits were rated as excellent. The state pays the bulk of charges for medical services as...
23 Jul at 6 PM 2014
Expat life on the sun, sea and sand Thai island of Phuket just got complicated for expats without long-stay or tourist visas.
For a decade or more, immigration authorities have turned a blind eye to visa runs across Thailand’s border by expats unable to get annual visas. Many foreign travellers arrive in Phuket on visa-exempt entries and decide to stay longer, with back-to-back border runs their only option.
However, Thailand’s new military government threw a large rock into the established Phuket expat pond with its recent...
22 Jul at 6 PM 2014
’s Immigration and Citizenship bureau is busy racking up the country’s attraction for migrants, but seems to be ignoring the essential humanity that should be a part of their job.
An Edmonton couple who adopted a Congolese child in August 2012 are still unable to bring the 18-month old baby to live with them in their home country. Cindy Nichol and her husband wanted to adopt for humanitarian reasons, but also because their two children had been born at great risk to their mother, who had been advised not to attempt another...