LEAVING MEANS GIVING UP SUBSIDIZED HEALTH CARE.

adian retiree at 65 are about US$930 per month based on 2016 Service Canada data and current exchange rates, so a couple can easily qualify without any private pensions or RRSPs.

Canadian government pensions will provide a baseline for most aspiring global retirees, since the CPP and OAS benefits can be paid to non-residents and even paid in a foreign currency into a foreign bank account.

But, leaving Canada generally means giving up subsidized Canadian health care, with a three-month waiting period for coverage upon return. So for all intents and purposes, you should plan to have health insurance or at least understand the potential subsidized and out-of-pocket costs for health care in the country you are considering.

A thorough understanding of personal income taxation in a foreign country is abroad, although tax implications, securities legislation and financial institution guidelines need to be navigated. When you leave Canada, you are deemed to have sold all of your assets and may have capital gains tax payable on certain types of investments, particularly non-registered stocks, ETFs or mutual funds. Withholding tax rates may apply on non-registered investment income, RRSP withdrawals, pension income and rental income depending on the tax treaty between Canada and your new country of residence.

Some financial institutions will not allow you to maintain an account once you become a non-resident or you may face restrictions on your investing activities. You should determine if you should be opening new accounts in Canada or abroad in advance of your departure. Additionally, you may