Expat Canada News

Latest 10 news items tagged Canada

3 Oct at 6 PM 2019

Is expat suicide becoming endemic in Thailand?

Thailand is seeing an inexplicable increase in expat suicides. For several decades, the chaos on Thailand’s roads and the resultant expat deaths made headlines in both the Thai and English language media. Nowadays, although road accidents are still worth a mention on and offline, a new, inexplicable cause of death for expat males seems to be suicide, even in cases where it’s not obvious. A quick trawl of last month’s online English news websites and a few forums reveals five such possibly self-inflicted deaths over the past...
2 Oct at 6 PM 2019

Expats in Spain now threatened by forest fires after biblical floods

As if biblical floods and the loss of homes and possessions weren't enough, expats and locals in Spain’s Costal del Sol region are now under threat from a raging forest fire. The blaze broke out in the hills overlooking the popular region, with homes evacuated whilst helicopters, fire trucks and firefighters attempted to contain the flames. As night fell, the helicopters were forced to give up and return to base, leaving firefighters to do their best and the fire still blazing. The main MA -8300 was cut off by the blaze between...
26 Sep at 6 PM 2019

Brit expats scammed by property developer granted full compensation by Spanish court

British expats living in Zurgena, Almeria have been granted compensation for new-build homes which were never finished. The case against developers New Medina Villas was brought by 14 mostly British expatriates after work on their new-build homes was stopped and the development seized due to its being on illegal land. A total of 111 unfinished homes dating back to 2005 were involved, most of which had been sold to foreign buyers as investments or retirement homes. The long-awaited judgement gave the developers six months to fully...
26 Sep at 6 PM 2019

USA expat exodus soars as local retirement costs escalate

More and more American citizens are deciding to retire overseas as stateside costs escalate. In the past 10 years, the numbers of American citizens moving overseas after retirement has increased by 40 per cent, with the trend expected to continue. It seems the Baby Boomer generation is now beginning to realise the massive amounts needing to be saved to ensure a comfortable stateside retirement are simply not possible on an average salary. US media outlets are beginning to describe the phenomenon as being fuelled by ‘American...
25 Sep at 6 PM 2019

Does the ongoing Brexit chaos affect Brit expats in Thailand?

Without a doubt, Brexit has become a disaster for British expats living anywhere in the EU, but how is it affecting those who chose Southeast Asia as their destination? The political turmoil caused by what was sold to the general public as a non-binding advisory referendum hasn’t just resulted in expat dreams being shattered all across Europe, it’s also hurt UK nationals living, retiring or working in the rest of the world including Southeast Asia. During the past three years, the value of sterling has fallen dramatically,...
16 Sep at 6 PM 2019

HRMC QROPS tax windfall transfer charge flops

The British taxman’s cunning scheme to grab millions of pounds from British retirees transferring their pensions to an overseas QROPS is now officially an almost complete failure. When the tax-grabbing scheme was first announced, HMRC gave an estimated windfall figure of around £125 million, raised from estimates of transfers in the 2017-18 and 2018-19 tax years. In reality, tax income from the scheme raised just £760,000 from 24 savers last year, and £1.4 million from the 30 transfers made in the previous year. The total numbers...
9 Sep at 6 PM 2019

Hong Kong expats mull leaving as protests continue

Hong Kong’s popularity a an expat hub is mostly due to its position as one of the planet’s major commercial and financial hubs, but the desire for freedom from China’s oppression may change its face for the future. Last week, a major ratings agency downgraded the city’s credit rating due to the ongoing protests, stating its belief that public discontent is likely to continue. The announcement came in spite of chief executive Carrie Lam’s withdrawal of the vastly unpopular extradition bill which started the protests three...
3 Sep at 6 PM 2019

British expats suffering more every week from crashing pound

As the British parliament reassembles for the fight of its life, expats and holidaymakers get slight relief as sterling temporarily stabilises, albeit at a low rate. Ever since the so-called ‘election’ of Boris Johnson as the UK’s latest prime minister, the slide of the pound against the euro and a host of other currencies has continued amidst doom-laden projections of its final fate after a no-deal Brexit. It seems as if every time Johnson makes yet another upper class-accented statement, more British expatriates get less...
30 Aug at 6 PM 2019

Expat investor fraud is the new financial threat for Brits overseas

Both at home and overseas, British investors are still falling foul of financial scammers. Although the risk of so-called ‘pension liberation’ scams is now receding as government interventions kick in, the number of scams based on the value of investments is about to hit an all-time high. It seems government action as regards pension-linked fraud, including the cold-calling ban made law on January 9 plus a massive public awareness campaign, has finally taken effect. However and as always, fraudsters are one step ahead of...
27 Aug at 6 PM 2019

Is Thailand seeing an expat exodus to Vietnam?

For more than a decade, Thailand has been a favourite destination for Western expats looking to enjoy better weather than in the home country, a more laid-back lifestyle and a lower cost of living. For expat retirees in particular, Thailand was the top choice for many years, but a recent change in attitude by the military-run government and its immigration department has caused a good number to consider relocating to friendlier shores. Another reason for this decision is the combined effect of inflation and the overly strong baht on...