Why do retirees choose to immigrate to Canada?

Autumn is coming, and yellow leaves are everywhere. Think of a beautiful kingdom, but autumn is full of red leaves. Guess where it is? Yes, Canada is the Maple Leaf Kingdom. With the immigration tide in recent years, the charm of Canadian immigrants has not diminished, attracting talents from all over the world, especially retirees. Why? Look at the solution 1, quality of life: Canada is widely regarded as one of the most livable countries in the world. It has a stable political system, complete individual rights, perfect medical and health system and abundant natural resources. As long as proper planning is carried out, retirees can live a happy old age.

2. Average life expectancy: Canadians are healthier, longer and happier than ever before. Today, retirement can last for 25 years or more. Of course, everyone should make sure that they have enough financial resources to enjoy the long years after retirement.

3. Public Pension System: The Canadian Pension Plan is a federal government plan that pays pensions, disability allowances, survivors' pensions, death pensions and child support to policyholders and their families. According to the federal government, according to the current contribution rate (9.9%), CPP will remain in a good sustainable state in the next 75 years.

4. Health care: In Canada, the ratio of public expenditure to private expenditure is about 70% to 30%. According to the research of Fidelity Investment Group, in the United States, couples who are about to retire at the age of 65 need to prepare about $240,000 to pay for various medical expenses needed for retirement.

5. Flexible retirement savings: Canadians can make retirement savings in various ways, and at the same time get income after retirement in various ways, which means that retirees in Canada enjoy greater choices than those in other countries.

6. Low inflation: For a long time, the Bank of Canada has kept the inflation rate at a low level, which is undoubtedly a good thing for retirees. As the main reason for the weakening of purchasing power, inflation has a great potential impact on retirees.

7. The coverage of old-age insurance may be expanded: The federal government is discussing whether to implement a new retirement savings plan in the near future, such as a collective registered pension plan (PRPP). Employees early in their careers will be the main beneficiaries of this new savings plan.

8. Good financial position: Compared with other developed countries in the world, the financial position of the Canadian federal government is good. This means that Canadians have various retirement benefits (such as CPP, etc. ) there is a solid guarantee.