Canada among the top 25 places to retire for migrants

Highlights: Canada ranked 22^nd best place to retire for migrants

• Canada, the second largest country in the world, is the most popular place to reside for people after retirement
• Canada immigration programs are also the reason for its high ranking
• Canada to invite 1.45 million immigrants according to the 2023-2025 Immigration Levels Plan
• Sponsors can bring their parents and grandparents through PGP

*Check your eligibility to migrate to Canada through the Y-Axis Canada Immigration Points Calculator.

Canada, best place among 50 countries for retirees

Canada has been ranked as the 22^nd best country for people who want to reside in a country after retirement. Canada is the second largest country on the globe and it received the rank because of its progressive immigration programs.

The North American country provides high quality of life along with easy access to residency permits and visas. Canada has plans to invite 1.45 million immigrants in its Immigration Levels Plan 2023-2025. The table below reveals the number of immigrants to be invited in the next three years:

Year	Number of invitations
2023	465,000
2024	485,000
2025	500,000

 

Also read…

Canada immigration levels plan 2023-2025; 1.5 million immigrants by 2025

Foreign nationals having their children and grandchildren in Canada as citizens or permanent residents can easily migrate to the country through the Parents and Grandparents Program. Sponsors residing in Canada can bring their parents and grandparents who may be related by adoption or blood. Immigration department of Canada holds a lottery for citizens and permanent residents who want to sponsor their parents and grandparents

Also read…

Canada PGP is growing, all set to exceed the 2022-2024 immigration target!

PGP, a good plan to retire in Canada

IRCC holds random draws from the pool to issue ITAs. Sponsors and their parents and grandparents have to submit an application for Canada PR within 60 days. Eligibility criteria for sponsors are as follows:

• The age of the sponsor should be at least 18 years
• Sponsors need to be citizens or permanent residents in Canada
• Sponsors have to live in Canada while inviting their parents and grandparents
• Sponsors have to show proof of funds to show that they have enough funds to support the invitees

Sponsors in Quebec

Sponsors in Quebec have to follow the requirements of Immigration in the province after they are approved by IRCC as a sponsor. Sponsor’s income is also assessed by the Ministry of Immigration, Francisation and Integration (MIFI).

*Check your eligibility to migrate to Quebec through the Y-Axis Quebec Immigration Points Calculator.

Willing to migrate to Canada? Talk to Y-Axis, the world’s no. 1 overseas immigration consultant in Australia.

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