top of page
Foto do escritorInfinite Solutions

Why Canadians Are Moving to Portugal



With rising taxes and the cost of living becoming unsustainable for many, particularly retirees, a growing number of Canadians are looking abroad for a more affordable and tax-friendly lifestyle. 


Portugal has emerged as a top destination for those looking to stretch their retirement dollars, thanks to their favorable tax regimes, lower living costs, and attractive D7 and Golden Visa Residency programs. Baby Boomers, in particular, are taking advantage of these opportunities as they look to optimize their financial futures.


The Tax and Cost Drivers

In recent years, Canadian tax policies have added to the financial pressures on affluent individuals. One major change in 2024 was an increase in the capital gains tax inclusion rate to 67%, up from 50%, affecting those selling secondary properties or investments. With discussions about further tax hikes and potential wealth taxes, many Canadians are rethinking their plans for retirement​.


In addition to tax burdens, the rising cost of living in major Canadian cities is driving retirees abroad. As one example, living in Portugal can be up to 40% cheaper than in Canada, with housing, groceries, and healthcare significantly more affordable​.


A New Wave of Interest

On my last trip to Canada this past May, I visited Vancouver; Montreal and Toronto, and noted a surge in interest after meeting with many REALTORS® as well buyers and investors who are looking at Portugal, and I myself can testify to the rise in the cost of living in Canada, so I am not surprised when more and more Canadians are looking at Portugal as an alternative to call home. 


The response in Canada has been stronger than ever, and I’ve seen a significant rise in inquiries from Canadians looking to diversify their investments and secure European residency as well. They want flexibility, solid returns, and—most importantly—programs without the risk of sudden policy changes. Portugal offers these advantages.


Practical Considerations for Canadians

Moving to Portugal involves more than just tax advantages—it requires careful planning to navigate legal, financial, and lifestyle issues. For example, Canadians need to sever residential ties in Canada to avoid ongoing tax liabilities, address exit tax concerns, and plan for new healthcare arrangements abroad.


Canadians relocating abroad are advised to have a solid plan in place, particularly regarding tax residency and estate planning… I highlight the need for pre-move planning, as without careful pre-immigration tax planning, Canadians can face unexpected financial burdens when relocating abroad… Exit taxes, ongoing reporting obligations, and the need to acquire residency in a country with a favorable tax treaty are all essential considerations.


Conclusion

For Canadians, particularly Baby Boomers, Portugal presents a compelling option for retirement. With its favorable tax regimes, lower cost of living, and its appealing D7 or Golden Visa Residency programs, it offers a chance to preserve wealth while enjoying an enhanced quality of life. As interest continues to grow, it’s clear that for many, the opportunity to secure European residency is an increasingly attractive alternative to staying in Canada.


I’ll be more than happy to share my experience with you, after almost 23 years living in Portugal.

I’ll also walk you through Portugal using Google Maps, show you the best Cities or communities and neighborhoods that match your ideal lifestyle and budget, and go over the moving and buying process as well as the best Visa process to establish residency and ultimately Citizenship.




If you have not made up your mind that Portugal is the home for you, and want to learn all about Portugal’s rich culture, tantalizing gastronomy, exquisite wine culture, real estate opportunities, and the latest updates in the ever-evolving real estate landscape, then visit the Infinite Solutions BLOG, register and be the first to receive by e-mail any new posts. Join us on this exciting journey to discover your future home sweet home!!!

As a seasoned realtor with 23 years of firsthand experience living in Portugal, I am here to guide you through every step. From virtual tours using Google Maps to identifying the ideal cities, communities, and neighborhoods that match your lifestyle and budget, I’ll make your transition smooth and informed





Proud Member of





31 visualizações0 comentário

Comentários

Avaliado com 0 de 5 estrelas.
Ainda sem avaliações

Adicione uma avaliação
bottom of page