The Best Countries to Move to From Canada
July 11, 2024
In 1837, Irish writer Anna Brownell Jameson explored central Ontario and marvelled at its endless forests, boundless wilderness and dense foliage.
At the time, she was one of a select number of Europeans to experience the sheer scale of Canada’s natural beauty.
These days, things have changed and Canada is renowned worldwide for much more. There’s ice hockey and maple syrup and in sharp contrast to the United States, its liberal-leaning values.
Given its proximity to the US, it naturally shares similarities with its southern neighbour, but in terms of its culture, Canada is unique. Canadians favour an orderly central government and foster a strong sense of community; the country has a different way of viewing the world and is far more likely to be a peacemaker in international affairs than an antagonist.
However, as per the US, Canadian citizens also live with government overreach in the form of hefty taxes, significant bureaucracy and economic mismanagement.
Without doubt, Canada is a fantastic country with a high quality of life, excellent healthcare and democratic government, but challenges persist in its economy and job market. In fact, record numbers are leaving Canada, with the number of exited expats in 2023 reaching close to 95,000, the highest since 2016.
At Nomad Capitalist, we know Canadians are some of the most adventurous people in the world. So, we’ve scoured the globe to find the best places for Canadians to live, work, and play.
Our team of experts has analysed the visa requirements, cost of living, quality of life, and other important factors to produce this list.
Why Consider Moving from Canada?
There are a variety of reasons why someone might consider leaving Canada, but the most common include the following:
- Warmer climate: Canada gets cold in the winter; for some, that’s a dealbreaker. Moving to a warmer climate can be a big draw for those who love warmth.
- Better quality of life: Many people seek a better quality of life by moving abroad, whether for a slower pace of life, better healthcare or access to new experiences.
- Adventure: Moving abroad can be an adventure in itself. Many people relish exploring a new country, learning a new language and experiencing a new culture.
- New opportunities: Moving to a new country can open up new job and investment opportunities, lower the cost of living and provide better real-estate options.
- Lower taxes: Canada is a high-tax country so, whether you’re an employee, a company owner or an investor, you can legally lower your tax bill elsewhere.
Factors to Consider When Choosing a New Country
Before packing your bags, you’ll need to consider many crucial factors before choosing a new country. To that end, and in no particular order, here are some things to keep in mind:
- Visa requirements: Most countries require visas or residence permits to live and work there. Make sure you research the visa requirements before you decide on a new country.
- Language barrier: If you speak the local language, it can be easier to integrate into the local community. Consider whether you’re willing to learn a new language or prefer to live in a place where English is widely spoken.
- Cost of living: Some countries are much cheaper than others. Make sure you research the cost of living before you decide.
- Quality of life: What kind of lifestyle do you want to achieve? Do you want to live in a big city or a tight-knit expat community? Consider what’s important.
- Climate: Do you want to live in a warm or cooler climate? Do you like the idea of living near the beach or in the mountains? Climate can be a significant factor in your decision.
Best 2024 International Countries for Canadians to Live in
1. Ireland – Best Country for Entrepreneurs
Ireland has a very high standard of living, a low corporate tax rate and a business-friendly environment, making it a great country to start a business or relocate your current business.
It’s an English-speaking, multicultural European Union (EU) member state that’s popular with expats for its friendly and relaxed atmosphere, rich culture and beautiful landscapes.
2. Malta – Best Country for Investors
Malta is a small island nation that offers numerous benefits for investors.
Its low tax rate and healthy economy make it an attractive option. Like Ireland, it’s a member of the European Union, so Canadian citizens can enter the country without a visa to explore their options.
Malta’s warm Mediterranean climate and relaxed surroundings are also appealing features for those looking to enjoy some downtime.
3. Panama – Best Country for Retirees
Panama is a popular destination for retirees thanks to its affordable cost of living and attractive retirement visa program.
Canadian citizens can apply for a Pensionado Visa, which offers a variety of discounts on expenses such as healthcare, entertainment, utility bills, medicines and even airline tickets.
Beyond these practical benefits, Panama is known for its low crime rate, diverse population and white sandy beaches.
If getting as far away as possible from winter snow ranks high on your list, then Panama, just north of the equator, certainly makes sense.
4. Costa Rica – Best Country for Digital Nomads
Costa Rica is a popular destination for Canadian digital nomads thanks to its excellent internet connectivity, beautiful scenery and friendly locals.
The country’s abundant mountains, forests, beaches and emphasis on sustainability could well appeal to environmentally conscious nature lovers.
5. New Zealand – Best Country for Adventure
New Zealand is a dream destination for adrenaline seekers. It offers awe-inspiring scenery and plenty of opportunities for adventure, including bungee jumping, skiing and hiking.
New Zealand’s remoteness, high quality of life and robust economy further enhance its appeal, making it an excellent choice for those who prioritise combining a healthy dose of excitement with stability.
6. Portugal – Best Country for a Quiet Life
Portugal is known for its excellent cuisine, warm climate and welcoming locals.
Moreover, it is one of the most affordable countries in Europe for those who want to live comfortably while stretching their budget.
Portugal recently announced a revamp of its Golden Visa program, removing the property investment route, which has made it less attractive for many. But don’t worry – there are still options for obtaining Portuguese residency. If you’re interested in exploring these, talk to the Nomad Capitalist team today, and let us help you find the best solution tailored to your needs.
7. Mexico – Best Country for Warm Weather
Mexico is a popular destination for expats thanks to its warm climate, pristine beaches and affordable cost of living.
It’s a country with a rich culture, some of the world’s best food and a large expat community. Mexico also offers Canadians a range of visa options, including its Temporary Resident Visa program, which makes it easy to move south of the border.
8. Thailand – Best Country for Low Cost of Living
Thailand is one of the cheapest countries in the world, as well as a beautiful country with a unique culture, friendly locals and excellent food.
Thailand offers a range of visa options for Canadians, including its Retirement Visa program, making it a convenient and accessible destination.
9. Australia – Best Country for Political Stability
Australia is a stable, developed country with a good standard of living and a well-developed economy. It has a warm climate, stunning beaches and plenty of outdoor activities.
A robust education system and good job opportunities make Australia a good option.
Best Countries to Move to From Canada: FAQs
No, you do not lose Canadian citizenship if you move to another country. Canadian citizens are allowed to hold dual citizenship, which means that you can be a citizen of Canada and another country simultaneously. Nonetheless, you must follow both countries’ rules and regulations.
Each country has its own regulations for obtaining citizenship. That said, some countries have a faster citizenship process than others. For example, in some countries, you can become a citizen after just a few years of residency while in others you may need to wait much longer.
Yes, Canadian citizens can live in Europe. Just remember that the rules vary depending on the country you want to move to. For example, Canadian passport holders can stay in the Schengen Area of Europe for up to 90 days, which can be spent cumulatively in different countries. Also in the EU, Malta and Ireland offer visa-free travel for Canadian citizens, which applies to certain business and tourist travellers.
As a Canadian citizen, you can leave Canada for as long as you want without losing your citizenship. You must ensure that you maintain your ties to Canada, such as meeting your tax obligations and keeping your Canadian passport up to date. One other important thing to avoid is being caught overseas when your passport expires.
It depends on your circumstances and the country you want to move to. The United States, Australia and New Zealand all have relatively easy immigration processes for Canadians.
Some countries, like Panama, provide relatively straightforward foreign permanent residency options, including the Residency by Investment (RBI) program.
By investing in Panamanian real estate, you can secure your residency in a timely and efficient manner.
Yes, you can live in Mexico as a Canadian since it offers a range of visa options for Canadians, including its Temporary Resident Visa program.
No country offers payment outright for simply living there but some countries provide attractive incentives to encourage foreigners to relocate. These incentives can include tax breaks, free land or cash incentives tied to specific conditions and investments.
The most popular countries for Canadians outside Canada are the United States, Australia and the United Kingdom. Many other countries such as New Zealand, Mexico and several European countries, are popular with Canadian expats.
Go Where You Are Treated Best
At Nomad Capitalist we understand that the pull to ‘stay where you’re planted’ is a common sentiment and maybe you feel that way about Canada. But take a minute to think about what you’re giving up to stay.
While Canada has plenty to offer, moving abroad can offer lower taxes, a better quality of life, warmer weather, new experiences and much more.
We’re often told to cheer for the home team. But what if you no longer agree with the strategy the home head playing with, or the direction it’s headed in?
What if you’re losing new opportunities to grow? There is no reason to simply stay put if you’re feeling unfulfilled or like you no longer relate to your homeland. With the help of Nomad Capitalist, you can find your dream destination and achieve true financial and personal freedom.
Sign up for our Action Plan today and take the first step towards living life on your terms!
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