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Canadian Retirement (helpful advice)

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    Money Transfers UK to Canadian Dollars

    At Regency FX we help you achieve the most from the currency you are converting. Our handy Retirement Planning Canada guide will really help when you’re in full swing with your retirement planning.

    As an independent currency specialist, we have lower overheads than the banks enabling us to pass the savings on to you and our retirement guide Canada details the five steps you need to know including whether your retirement in Canada needs a visa and so much more.
    We can also discuss and agree on the right time to exchange your money, rather than using a bank or online-only system and having to accept the rate they give you on the day.

    Our Retirement in Canada guide is an essential read before you take that final step.
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    UK to Canada - (Retirement guide)

    I am sure that you have thought about what retiring in Canada would be like and how to do it, well I am going to provide you with all the information you need to know about it!

    The 5 main steps

    The key steps to follow when retiring in Canada are:

    • Check your eligibility to apply for a visa.
    • Apply for your visa programme.
    • Sort your pension out.
    • Sort your health insurance out.
    • Purchase or rent property over there.

    Do you need a visa to retire in Canada?

    If you have close family in Canada and they are Canadian citizens over the age of 18 there is chance that they can apply to sponsor your visa. For them to be able to sponsor you, they need to prove that they are in a good financial position to continue supporting you for a few years. This is known as a family sponsorship.

    If you happen to be the parent or grandparent of a Canadian citizen then you could look at the parent/grandparent super visa. This specific visa will cover you to stay in Canada for up to 2 years without having to change or renew your status.

    The last option is work related programmes; you could move to Canada before retirement. To access this visa, you will need to apply for one of these visas: Provincial Nominee Programmes (PNP), Express Entry, or the Quebec Skilled Worker Programme additionally, there is a self-employed programme also.

    If you do not plan on being a permanent resident, then you can visit Canada from time to time for up to 6 months of the year. UK citizens do not need a visa to buy property in Canada, this makes it a lot easier if you wanted to buy a holiday home over there!

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    Advantages of retiring to Canada.

    One of the advantages of retiring in Canada is the fact that English is one of the two main languages spoken in Canada.

    The next benefit is that Canada is safe as the country has low crime rates and strict laws on guns as well as the fact the country is good at keeping things peaceful.

    The next advantage is purely how beautiful Canada is, there is so much to explore there you will never get bored will all the forests, mountains, and tourist spots!

    Finally, the standard of living in Canada is simply great; there is great transport, healthcare, and housing. The price of housing is affordable too!

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    What specific area in Canada should you retire to?

    If you enjoy relaxation and lots of green beauty then Saanich, British Columbia might be the place for you! Not only is full of natural beauty but it also has some wonderful coastlines too. There are plenty of things to do here whether that be shopping, bowling, playing tennis or golf!

    For the people that like a mild climate then Nelson, British Columbia Is for you! This area of Canada is encroached with amazing mountains and a lovely lake close by too. If you like wondering in the outdoors and going for hikes, then this is the place for you.

    If you are looking for more of a city vibe then Victoria, British Columbia might be for you. It is the capital city of British Columbia; due to this it is an extremely popular area especially for those which are retiring. This area has a mild climate too and is the right combination of great views and great weather!

    For more a multicultural vibe then Ottawa, Ontario could be for you. There are over 17k Brits that moved over here and now live here permanently! This city has great events and activities such as museums and theatres. This city is on the more chilled sides of things, so if you want to kick back and relax then here might just be the perfect place for you.

    Finally, for a pretty city then I would suggest Orillia; this rea is situated right by a beautiful waterfront and is full of art galleries and theatres. This area is quite well-known for retirees and has a lot of senior clubs.

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    Who are we?

    Regency FX are a UK based independent currency broker, specialising in high volume transfers.

    We pride ourselves on our premium level of customer service, you will be allocated your own personal account manager whom you will have direct access to.

    All funds transferred through Regency FX are made using client segregated accounts in accordance with the FCA (Financial Conduct Authority) guidelines.

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    The important thing is the comparison, online rates shown on Google and other search engines are not always accurate for the consumer.

    They can often refer to the rates that banks exchange at rather than what is available to you, the customer.

    Even if you are just looking for property at this stage it is worth getting in touch to discuss your options.

    We can monitor the market on your behalf enabling you to budget more effectively.

    As a first-class currency transfer service, here at Regency FX we endeavour to get the best available rate regardless of how much you are transacting.

    Get a quote and see how we stack up.

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