What is the best country to retire in? Canada ranks 5th, according to an index released by the UN and HelpAge International. While we scored high for our universal healthcare and Canada Pension Plan, income security in our nation leaves seniors wanting.
For many newcomers to Canada, the initial years are mostly spent trying to establish a new life – one that includes a new job, a new home and new friends. With the focus shifted to the challenges of getting settled, planning for retirement often takes the back burner. Not only that – the concept of retirement in Canada might differ than in their country of origin.