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Posted on November 21 2022

Canada among the top 25 places to retire for immigrants

By Editor
Updated July 25 2023

Highlights of Canada among the top 25 places to retire for migrants

  • Canada becomes one of the top 25 countries in the world for bringing families and planning retirement life.
  • Foreign nationals show interest in opting Parent and Grandparents Program (PGP) as the best choice to bring parents and children to Canada.
  • IRCC holds random draws in the Express Entry pool and sends ITA to sponsors and PGPs. The applicants or the sponsors have to file for Canada PR in just 60 days.

*Check your eligibility to Canada through Y-Axis Canada immigration points calculator

How well can you plan retirement in Canada in the top 25th place?

You can plan a good life after retirement in Canada, the top 25th best country in the world. Canada has jaw-dropping glaciers, buzzing cities, and sky-high Mountains.

Canada’s progressive economic immigration pathways are one of the main reasons immigrants choose Canada as a destination for retirees.

Canada provides easy access to obtain residency permits and visas to have the best quality of life. The country allows immigrants from all over the world to maximize attention across the world. Canada has already planned Immigration Levels Plan 2023-2025 recently, to know in detail, click the link below:

Canada Immigration Levels Plan 2023-2025 targets 1.5 Million migrants

Parents and Grandparents Program (PGP)

Foreign nationals whose children or grandchildren have already immigrated to Canada, by choosing it as a retirement destination have been opting Parents and Grandparents Program (PGP) as one of the best options.

Using PGP, the applicants or the sponsors can get their parents and grandparents who are related to them either by blood (or) adoption. In case of separation or divorce, the spouses or common-law partners of PGPs are also eligible under this process.

IRCC operates a lottery system for inviting PGPs with PRs and citizens of Canada who have submitted an Interest to the Sponsor before getting into the Express Entry pool.

PGP, Canada - the best choice for foreign nationals to retire

Immigration Refugees Citizenship of Canada (IRCC) randomly conducts draws for the profiles in the Express Entry pool and sends ITAs (Invitations to Apply). The sponsors or the applicants along with their parents and Grandparent who receive ITAs must apply for Canada PR in 60 days.

Eligibility criteria for sponsors under PGP

  • At least 18 years of age
  • Must be living in Canada
  • She has to be a Canadian citizen, PR, or an individual registered as an Indian in Canada under the Canada Indian Act.
  • Must possess enough funds to support their PGPs by meeting minimum income requirements for the last three years. The applicants can also include a co-signer in their application by allowing them to provide combined income proof.
  • Must agree to be financial support to their parents or grandparents for at least 20 years from the date they got approval for PR and,
  • Repay the government provided social assistance to the parent or grandparent during the same time.

The sponsors who are living in Quebec must qualify for Quebec immigration sponsorship requirements after getting approval as a sponsor by IRCC. The MIFI (Ministry of Immigration, Francisation, and Integration) will assess the sponsor's income and expects an undertaking to be signed.

Read more…

Canada PGP invited 13,180 candidates, two times more compared to 2021   

Canada to invite 23,100 Parents and Grandparents

Foreign nationals can apply for permanent residence to Canada with the following options.

Express Entry and its pool

  • The IRCC receives immigration applications online under the Express Entry.
  • Applicants who meet the minimum eligibility criteria will be able to submit their online profile which is called an Expression of Interest (EOI) under any of the three following federal immigration programs.
  • Federal Skills Trade Program (FSTP)
  • Federal Skills Workers Program (FSWP)
  • Canadian Experience Class (CEC)
  • The Provincial Nomination program (PNP) is another option if you do not get ITA from Express Entry if you are in the pool.

Express Entry profile Online

The candidates have ranked against the points-based system which is called as Comprehensive Ranking System (CRS).  The candidates with the highest ranks are considered for ITAs which leads to Canada Permanent residence.

Candidates who receive ITAs must quickly submit their complete application by paying the application process fees, without delay in 90 days.

Provincial Nominee Programs (PNP)

Canada’s 10 provinces and three territories nominate skilled workers with specific skills which are in shortage based on the province or territory under Provincial Nominee Programs

The applicant who obtains provincial or territorial nomination will be able to apply for Canada PR through federal immigration authorities.

Investor Pathways

Immigrant investors can go to Canada and invest under the Canada Start-up Visa (SUV) program which leads to obtaining Canada PR. The applicant needs to invest at least $200,000 in the qualifying business in Canada.

Also read… 

Canada Start Up Visa immigration on the rise; Three times more PRs in 2022 

Canada Start-Up Visa Program increases a whopping 70% in 2022

Students can apply for a PGWP to work

Foreign students can get their Canada PR by first coming under a study permit and then applying for PGWP (Post-graduation Work Permit). And then can apply for PR through the Express Entry system after meeting the required criteria.

Also read…

PGWPs expired after September 20, 2021 can get extension: Sean Fraser 

Canada open work permit now made available to certain PGWP holders

The work experience the foreign students gain during their grad works in Canada under PGWP will be counted towards Canada PR through the Canada EE system.

Do you have a dream to migrate to Canada? Talk to World’s no.1 Y-Axis Canada overseas migration consultant.

Found this article interesting? Read more… 

How to update your Canada Express Entry Profile as per new TEER/NOC Code?


Canada top place for immigrants retirement



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