Exploring Top Destinations for Canadian Expats in 2025

OTTAWA, Canada — As Canada faces an increasing number of citizens relocating abroad, new research highlights top destinations for Canadian expats. In 2023, nearly 95,000 Canadians left the country, the highest number since 2016.

In a recent analysis, experts considered various factors including visa requirements, cost of living, and quality of life in potential host countries. The findings suggest that Canadians are seeking locations offering a high standard of living, favorable business environments, and low tax burdens.

Countries like Malta and Portugal stand out due to their appealing climates, rich culture, and favorable tax systems for foreign investors. Malta, an EU member state, allows Canadians to enter visa-free for exploration, making it an attractive option. Its Mediterranean lifestyle, coupled with low-cost living, attracts many looking for a fresh start.

Panama also remains a popular choice, especially among retirees. Known for its beautiful beaches and affordable cost of living, Canada citizens can apply for residency through its Residency by Investment program, benefiting from numerous discounts on various expenses.

New Zealand appeals to adventure seekers and digital nomads due to its excellent internet connectivity and stunning landscapes. The country provides a balanced mix of excitement and stability, which helps draw those looking for a new lifestyle.

European nations like Greece and Costa Rica offer enticing tax benefits. Greece’s flat tax program can be especially attractive for expats with significant foreign income, while Costa Rica’s zero or low taxes on foreign income make it appealing for long-term residents.

The list of potential destinations includes vibrant nations like Thailand, with its rich culture and favorable visa options, and Mexico, known for its warm climate and lively expat community. For Canadians considering relocation, these countries provide numerous avenues to achieve an enriching lifestyle abroad.

However, expats must consider their tax obligations abroad, as Canada has tax treaties with many countries. Ensuring compliance with tax laws in both Canada and the country of residence is crucial.