Expat Canada News

Latest 10 news items tagged Canada

28 Apr at 6 PM 2017

Trump presidency causes huge rise in Americans renouncing citizenship

Trump’s first 100 days as President has, according to official figures, caused a massive rise in the number of Americans renouncing their citizenship and becoming permanent expats. As the Trump administration struggles to find anything to celebrate about The Donald’s first 100 days as US president, the thousands of Americans who’ve now deserted the sinking ship are enjoying their new lives overseas. Even before last year’s Presidential election, high-profile individuals as well as everyday Americans stated their determination...
27 Apr at 6 PM 2017

Panama tightens immigration rules for expats

The popular retirement destination of Panama may not be so welcoming in the future, as its government has tightened immigration rules in order to control foreign access to the country. According to local media reports, the Panamanian immigration authority is tightening a number of rules and bringing in new laws relating to foreigners who are not legal residents in the country. According to the Servicio Nacional de Migracion (SNM), foreigners on tourist visas have been abusing the privilege by leaving the country for a few days and...
26 Apr at 6 PM 2017

Warnings about QROPS pension scammers still hitting the headlines

Due perhaps to the soaring popularity over the last decade of the Qualifying Recognised Overseas Pension Scheme (QROPS) and its benefits for those on private pensions, the numbers of pension scammers taking advantage of financial novices have also shown a massive increase. QROPS are based outside the UK and must meet stringent conditions imposed by Her Majesty’s Customs and Excise. Should the conditions be breached, the hapless pension saver will be liable for a tax bill of 55 per cent of the full amount. However, for pensioners...
25 Apr at 6 PM 2017

Are QROPS tax rules under threat by Brexit

The news that Britain’s final exit from the European Union may well end the present situation whereby UK ex-company and private pensions can be transferred internationally is causing concern amongst finance professionals. According to European law, British expats are able to take their pension pots out of a number of UK private pension schemes and transfer them overseas via a QROPS. Without the QROPS, the amount taken, after having been taxed at source in the UK, would also attract a tax bill in its EU destination country. The rule...
24 Apr at 6 PM 2017

UK parliamentary debate agrees motion to axe frozen pension rules

MPs at an admittedly poorly attended House of Commons debate have voted to agree a motion – British parliamentary language for a formal proposal – stating the hated policy of frozen pensions should be axed immediately. Activists who’ve fought for years to get the rule reversed have called it by various uncomplimentary names including ‘Britain’s dirty secret’ and ‘a national embarrassment’, but haven’t managed until now to put a dent in the government’s determination to keep it on the books. Over half a million...
20 Apr at 6 PM 2017

Buying a home as an expat in Australia

Australia has been a favourite destination for expats for many decades, with a good number enjoying the lifestyle so much they decide to put down roots by buying a home. For expats considering the commitment of a property purchase, the first thing to remember is that foreign nationals do not have the automatic right to buy a home unless they are married to an Australian national, already have permanent residence or are New Zealanders on a special category visa. Expatriates to whom these exceptions don’t apply will need to apply for...
13 Apr at 6 PM 2017

Brit expats trapped in pensioner poverty due to sterling fall and frozen pensions

Britons who decided to retire overseas and live in modest comfort with the help of their UK state pensions are now facing a poverty-stricken future as a result of the frozen pension rules and Brexit’s effect on sterling. Living with the knowledge that one’s life savings will soon run out, one’s pension payments are shrinking due to the fall in sterling and there’s no hope of repeal for the frozen pension rule isn’t what many UK retirees expected would happen within their lifetimes. However careful their planning, the present...
11 Apr at 6 PM 2017

Is Canada the dream location for Brit expats

Canada’s thriving jobs market, strong economy and world-beating quality of life make it one of the most rewarding locations for relocating professionals looking for the expat dream. The contrasting beauty of Canada’s many regions has made it a hub for tourism as well as emigration from the UK for decades, but many professionals haven’t considered it seriously as a location for career advancement as well as an enjoyable lifestyle. However, those who’ve researched further have come to realise they’ve made the right choice as...
6 Apr at 6 PM 2017

Danish Immigration to deport US expat retiree after 32 year residency in the country

An American expat pensioner who’s lived and worked for more than half her life in Denmark is now facing deportation by the Danish immigration authority. US citizen Mary Stuart Burgher arrived in Denmark in 1985 to work for the World Health Organisation in Copenhagen. Due to exemptions given by the Danish immigration service to international organisations such as the WHO, she was allowed to live and work in the country under a special permit. On her retirement in 2015, she applied for residency as the special permit no longer...
5 Apr at 6 PM 2017

Costa Rica affordable healthcare attracts expat retirees

One of the most important considerations for would-be expats planning retirement overseas is the standard and availability of healthcare. Along with the standard retirement requirements of a low cost of living, warm, sunny weather and glorious scenery including beaches, healthcare is perhaps the most important consideration. It’s also the least discussed and researched, wherever the desired destination. Nowadays, Costa Rica is a favourite, especially with American retirees, and its healthcare is gaining a reputation for competence...