What are the pros and cons of retiring to Mexico?
Mexico is a large and diverse country. It’s almost three times the size of Texas and has a population of 106 million. This means you’ll find lots of options when it comes to lifestyle, weather, geography, cost of living and access to English-language services. While the coastal beach resorts are a draw for tourists, they can be very hot in summer. Many retirees prefer inland cities, which are cooler since they’re at higher elevations. About 20,000 Canadians live in Ajijic and Chapala, about a half-hour drive south of Guadalajara. Crime and personal safety are always a concern. You must take care in everything from public displays of jewelry to hailing cabs, says Gordon Pape in The Retirement Time Bomb (Penguin, 2005). Driving at night is discouraged on remote roads. Stray animals, poorly lit vehicles,otholes and pedestrians add to the danger. Q: What happens with my taxes? A: Canada has a tax treaty with Mexico. This means you probably won’t pay tax on the same income in both countries
