Posthaste: Canadians mulling retirement abroad might want to consider one of these top ranked countries, says report

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeNewsPosthaste: Canadians mulling retirement abroad might want to consider one of these top ranked countries, says report46 countries ranked on how attractive they are to retire to using metrics such as taxes and quality of lifeLast updated 53 minutes ago Punta del Este, Maldonado, 140 kiometres east of Uruguayan capital Montevideo, is considered one of the most high-end and prestigious sea side resorts in South America. Photo by MIGUEL ROJO /AFP/Getty ImagesTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountHow would you like to retire to Uruguay?The Latin American country is the top destination for the growing trend of retirement migration, according to Global Citizen Solutions, an advisory company on international residency, which ranked 46 countries that actively canvass for retirement migrants on a set of five criteria: lifestyle, passport mobility and citizenship, taxes, procedure and costs and investment.This advertisement has not loaded yet, but your article continues below.The top five countries were Uruguay, Mauritius, Spain, Costa Rica, Portugal.Breaking business news, incisive views, must-reads and market signals. 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Please try again“Retirement migration began as an internal, amenity-seeking movement within wealthy societies,” its report released on Oct. 1 said, but added that has since morphed into a global trend as the world’s population ages and becomes more wealthy.The number of people aged 65 and older will likely more than double to 1.6 billion by 2050 from 761 million in 2021, the United Nations said, calling it a “longevity revolution.”“Private wealth is large, expanding and increasingly mobile,” the report said.The report said people 50 and older accounted for approximately half of all consumer spending in 2020 and that older households “command a rising share of accumulated wealth.”“A larger, longer-lived and comparatively affluent older population thus constitutes not merely a growing supply of potential migrants but a prize of real fiscal significance for the states competing to attract them,” it said.Total personal wealth grew by 10.8 per cent in U.S. dollar terms in 2025 and the number of millionaires increased, according to the latest UBS Global Wealth report.This advertisement has not loaded yet, but your article continues below.The Global Citizen report focused on the “passive-income retirement” route, where a person must prove they have stable non-employment income such as a pension to support themselves in their new home.Uruguay scored at least 75 out of 100 on the five metrics, registering strong results for mobility and costs and investment. Permanent resident status there is immediately granted upon proof of US1,700 per month of stable income and dual citizenship is also allowed.But it has negatives, too.“Quality of life is Uruguay’s relative weak point in the index, mainly because of its environmental performance score,” the report said. “That result does not change the country’s standing on the ground: Uruguay remains one of the most politically and economically stable countries in Latin America, one of the region’s leaders in quality of life and is regularly cited as its safest.”Mauritius led the top five on taxes and is the “natural choice” for wealthy migrants seeking low tax rates, the report said.The island nation off the southeast coast of Africa does not tax foreign pensions and income and the income required is US$2,000 a month.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.“The program’s other scores are solid rather than exceptional,” with quality of life the lowest, the report said.Spain has “the archetypal quality of life and mobility program,” scoring 94 on quality of life, though it placed last on taxes. There are taxes on worldwide income, inheritance and net wealth above three million euros. Potential migrants must prove they have 2,400 euros of “passive income” available and people are not allowed to work.“The 2026 Global Retirement Report and Index confirms that there is no single best destination for retirement or passive-income residence, only the best fit for a particular set of priorities,” the report said. Sign up here to get Posthaste delivered straight to your inbox.Bond yields are climbing almost daily around the world, sparking a heated debate over the reasons why and how much further they have to run.A global selloff in fixed-income has driven benchmark 10-year United States Treasury yields to the highest since 2007, and more than half of 173 respondents to a Markets Pulse survey last week predicted U.S. 30-year yields will hit six per cent by the end of the year. — BloombergKeep reading here for 10 reasons why investors are driving bond yields higher.This advertisement has not loaded yet, but your article continues below.Today’s Data: U.S. jobs numbers for September and unemployment rate, U.S. factory orders and durable goods orders, non-defence capital goods orders excluding aircraft partsEarnings: Scantech AI Systems Inc., Ocean Thermal Energy Corp., CSG Systems International Inc., Dayforce Inc.This Nova Scotia woman’s mother passed away a few months ago, leaving her the entire estate, while disowning a brother and sister. A decade ago, her mother gave each sibling $200,000 each as an advance on their inheritance to start businesses. The businesses didn’t work out and the siblings asked their mother for more. When she said “No,” they never spoke to their parent again. This reader said she cared for my mother, who had cancer but not dementia, and two years ago she rewrote her will. The siblings now say the mother was taken advantage of, which the reader denies, and are threatening court unless they are each given $100,000. The reader is wondering, which costs more: paying them out or the legal fees to fight them. “I’m so angry at this but still want to be fair about it.” Keep reading FP Answers here to find out more.This advertisement has not loaded yet, but your article continues below.The FP Atlantic Economic Report takes you behind the scenes of the business world in Atlantic Canada. We’ll bring you insights from CEOs, government leaders, investors and economists on what’s making the regional economy tick and where it’s heading next. Sign up hereAre you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at wealth@postmedia.com with your contact info and the gist of your problem and we’ll find some experts to help you out while writing a Family Finance story about it (we’ll keep your name out of it, of course).McLister on mortgagesWant to learn more about mortgages? Mortgage strategist Robert McLister’s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won’t want to miss. Plus check his mortgage rate page for Canada’s lowest national mortgage rates, updated daily.Financial Post on YouTubeVisit the Financial Post’s YouTube channel for interviews with Canada’s leading experts in business, economics, housing, the energy sector and more.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Today’s Posthaste was written by Gigi Suhanic with additional reporting from Financial Post staff and Bloomberg.Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com.Bookmark our website and support our journalism: Don’t miss the business news you need to know — add financialpost.com to your bookmarks and sign up for our newsletters hereThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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