Lower Income Tax Rates: One of the biggest benefits of moving to Costa Rica is the lower income tax rates. In Canada, the average income tax rate is around 30%, while in Costa Rica, it is only 10%. This means that you will be able to keep more of your hard-earned money and potentially have more disposable income to enjoy the country’s many attractions and amenities.
Affordable Housing: Another major benefit of moving to Costa Rica is the relatively low cost of housing. In Canada, housing prices can be quite high, especially in major cities like Toronto and Vancouver. In contrast, Costa Rica offers a wide variety of affordable housing options, whether you’re looking for a cozy beachfront bungalow or a spacious villa in the mountains.
Blue Zone: Costa Rica is home to one of the world’s “blue zones,” areas where people tend to live longer and healthier lives. The Nicoya Peninsula, located on the country’s Pacific coast, is one such area. This region is known for its healthy diet, active lifestyle, and strong sense of community, which can all contribute to a longer and more fulfilling life.
Cost of Living: Costa Rica also offers a relatively low cost of living when compared to Canada. Basic necessities like food and transportation are significantly cheaper in Costa Rica, and you can enjoy a comfortable standard of living without spending as much money as you would in Canada.
Natural Beauty: Costa Rica is renowned for its natural beauty, with lush rainforests, pristine beaches, and towering volcanoes all on offer. Whether you’re an outdoor enthusiast or simply enjoy taking in beautiful scenery, you’ll find plenty to explore and appreciate in Costa Rica.
Climate: Costa Rica’s tropical climate is another major draw for many people. With warm temperatures and plenty of sunshine all year round, you’ll be able to enjoy an endless summer and escape the cold, snowy winters of Canada.
Health Care: Costa Rica’s healthcare system is considered to be one of the best in Latin America, offering high-quality medical care at a fraction of the cost of healthcare in Canada.
Friendly People: Costa Ricans, known as Ticos, are known for their friendly and welcoming nature. They are known to go out of their way to help others, making it easy for newcomers to settle in and feel comfortable in their new home.
Adventure and Activities: Costa Rica is a popular destination for adventure travel and offers a wide range of activities, from surfing and scuba diving to hiking and canopy tours. Whether you’re looking for a thrilling adventure or simply want to relax and soak up the sun, you’ll find plenty to do and see in Costa Rica.
Strong Expat Community: Costa Rica has a large expat community, which makes it easy for newcomers to connect with like-minded people and make new friends. There are also many expat-run businesses and organizations in Costa Rica, which can provide valuable resources and support for those adjusting to life in a new country.
Overall, Costa Rica offers a wide range of benefits for those looking to relocate. From the lower income tax rates and affordable housing to the natural beauty and friendly people, there are many reasons why Costa Rica is an attractive destination for those looking to leave Canada and start a new chapter in their lives.