Canadians retiring to Florida
by Debbie Webber
(Oshawa, Ontario, Canada)
MY husband and I are Canadians thinking of retirement in the next three years. We would like to retire in Florida, but dread the thought of travelling back to Canada for six months every year. Is there any way around this without losing our benefits?
Can we still receive our pensions while living in Florida?
How can we protect ourselves from healthcare costs?
What would happen if one of us became an invalid?
Where is the safest place to live, with a view of the sea?
I would like to here from other Canadians who have made the move and what they did.
Wendy: Good Questions Debbie, and none that I have answers to. I know lots of Canadians are snowbirds in Florida, and some totally move to the U.S. but -- I'll leave this for some Canadians to answer.
p.s. One of my retiree friends moved to Canada a few years ago, bought a home, learned the metric system and then moved back to the U.S. when he learned how much of his pension was lost to Canadian taxes (since it was a US pension). He lost lots of money that year in the move and move back -- he had researched moving to Canada but the one thing he never considered were Taxes!