Antigua is stealing the show as one of the hottest retirement destinations on the planet. With the top marginal tax rate expected to approach 70% in Canada, the financial burden on high-income earners and investors is becoming increasingly untenable. It is no wonder that more and more Canadians are taking their hard-earned income elsewhere.
Canada, oh, Canada. While it is a land of stunning landscapes and Tim Hortons on every corner, the rising taxes are enough to make any Canadian's toque spin. With the cost of living steadily climbing and taxes reaching new heights, it is no wonder many Canucks are eyeing the exit signs.
Recent legislative changes in Canada are geared towards redistributing income by imposing higher taxes on the wealthier segment of the population. While the primary aim is to fund public services and reduce inequality, high-earning Canadians are now contemplating the long-term effects of these changes on their personal and business finances. The increase in taxes has left some Canadians exploring their options, wondering if there might be a more tax-friendly paradise where they can stretch their retirement dollars further.
Antigua and Barbuda offer more than tax benefits; this place perfectly blends tropical paradise and modern amenities. With its stunning beaches, vibrant culture, and significantly lower cost of living than that of many Canadian cities, Antigua and Barbuda are increasingly becoming the go-to destination for Canadians looking to retire in style. With a favorable climate year-round and a welcoming local community, it's easy to see why so many Canadians are choosing to make the move.
Retiring to Antigua and Barbuda is more accessible than you might think, thanks to the country's Citizenship by Investment Program. This program allows individuals and their families to obtain citizenship by investing in the country.
One popular option is real estate investment, where applicants can invest in approved real estate with a minimum value of $1,080,343.95. Alternatively, applicants can contribute to the National Development Fund starting from $270,085.99 for a single applicant. Once approved, citizens of Antigua and Barbuda enjoy visa-free travel to over 150 countries.
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With a lower cost of living compared to many Canadian cities, retirees can stretch their retirement savings further while enjoying a high standard of living. In addition to its favorable tax laws, Antigua and Barbuda does not impose taxes on worldwide income, inheritance, or capital gains, making it an attractive option for those looking to maximize their retirement funds. Moreover, the country's stable economy and currency are pegged to the US dollar, which provides retirees with financial security.
Beyond the financial advantages, retiring in Antigua and Barbuda offers Canadians a lifestyle that is hard to beat. Imagine waking up to the sound of waves crashing against the shore, spending your days exploring coral reefs, hiking through lush rainforests, or simply relaxing on pristine beaches. The warm and welcoming local community embraces expatriates, making it easy to form new friendships and feel at home in this tropical paradise. With a rich history, vibrant culture, and an array of activities, from world-class sailing regattas to lively festivals, Antigua and Barbuda offers retirees an exciting and fulfilling retirement experience.
With the help of expert companies like Citizens International and Park Lane Properties, who have assisted countless expats in making a seamless transition to Caribbean life, retiring in paradise has never been easier. From navigating the Citizenship by Investment program to finding the perfect property, these experienced professionals can help you every step of the way.
