Expat Canada News
Latest 10 news items tagged Canada
15 Apr at 6 PM 2014
In yet another move to protect savers at home and abroad from mis-sold investments, the FCA has warned insurers, IFAs and pension providers against disadvantaging clients when advising on the recent changes in annuity law.
The regulator is to issue a set of guidelines telling pension providers and financial advice firms how to handle customers who wish to cash in their pension pots. According to the FCA, if the guidelines are not followed, sanctions or fines will be imposed.
A spokesperson for the regulator said that providers and...
9 Apr at 6 PM 2014
The high rate of migration amongst New Zealand citizens is now being put down to a feeling of inequality due to financial insecurity.
The need to start again in another country may well be driven by a lack of opportunity at home, but is also the result of a feeling of inequality and exclusion caused by comparative poverty. The OECD recently issued an alarming warning to governments, urging them to take immediate action to control social divisions and inequality.
Emigration from New Zealand, often to Australia, has historically...
8 Apr at 6 PM 2014
Following David Cameron’s somewhat half-hearted and decidedly unofficial support for unfreezing 5,600,000 British state pensions paid to expats overseas, the word seems to finally be spreading.
Leading overseas pension provider Pryce Warner International has thrown its hat into the fray, stating that the British pension system is flawed in its bias towards over half a million retirees living in 120 countries without UK reciprocal arrangements. The firm’s director of operations, David Retikin, believes that retirees are being...
3 Apr at 6 PM 2014
Over half a million UK state pensioners living in 150 world countries will get a worse deal than their UK-based counterparts if they buy into the government’s top-up pension plan.
Those retiring before 6 April 2014 will be unable to take advantage of the higher state pension of £155 per week payable from April 2006. Instead, they will be able to buy up to an extra £25 per week by giving the government £890 for each £1 weekly increase.
However, the 46 per cent of all expat pensioners living in countries where the state pension...
28 Mar at 6 PM 2014
A recently-released social study has revealed that migrants recently arrived in Australia love their new lives but are experiencing racial discrimination.
The survey, carried out by Monarsh University in Melbourne, found that, although the vast majority of expats are happy to be in Australia, racism does exist in some communities. Discrimination was most felt amongst New Zealanders, with 26 per cent of those surveyed stating they had been victims of racially-motivated comments.
In general, migrants from Asian countries were the most...
25 Mar at 6 PM 2014
Many of the five million UK citizens living and working overseas may not have heard last week’s Budget allowance that non-residents’ personal tax allowances are to be reviewed.
At present, expats working overseas and pensioners with investments and state and private pensions are allowed an annual income of £10,000 before being taxed on sums above that amount. According to Chancellor George Osbourne in his budget speech, the allowances are to be examined and could be cancelled for non-resident expats living overseas who no longer...
18 Mar at 6 PM 2014
A recent study has revealed that new arrivals in Canada
with university degrees have less chance of finding suitable jobs than in 1995.
The survey, conducted by researchers at the University of Toronto, analysed the success of immigrant university graduates in finding suitable employment during a ten-year period.
Researchers used data from the 1996, 2001 and 2006 censuses and found a far lower success rate in 2006 tha in 2001, with the situation continuing to deteriorate to the present day.
Recent immigrants, they state, are far...
17 Mar at 6 PM 2014
Migration numbers are soaring nowadays, with many who wouldn’t have dreamed of leaving their countries of birth a decade ago now happily established in expat communities across Europe and beyond.
Those who blazed the trail some years ago have learned how to adjust to their new surroundings and get the best out of their new lives, and many in favourite expat destinations are now passing on their knowledge to recent arrivals. The Estepona Expat Resident’s Association is the new kid on the Spanish block, hoping to help ease...
6 Mar at 6 PM 2014
With emigration for work purposes becoming even more common, it’s important for expats to ensure their company provides adequate healthcare packages.
Most international companies include quality healthcare insurance as an incentive to lure the best of the rest to offshore positions across the world. Would-be expat workers need to make certain the insurance package offered covers healthcare for themselves and their families relevant to their new location.
Company-based private health cover should take care of long-term treatments...
4 Mar at 6 PM 2014
The expat community in Kiev is outraged at Russia’s military push into the Crimea region, with many joining in the protests against the Russian army's presence in the country.
The majority of foreigners living in the Ukrainian capital are fully supportive of the new government and its intention to take the country into the EU. Many took part in the protests which resulted in the pro-Russian president’s fleeing the country and are still on the streets in defence of the new government.
The ongoing pro-democracy demonstrations...