Comment on If I go to Canada can I retire there and draw SS from the US? Also can I go to Canada buy a cabin or house with a plot of land and not work? Unless I just needed some walking around money?

nokturne213@sopuli.xyz ⁨2⁩ ⁨months⁩ ago

• Don_Dickle@lemmy.world ⁨2⁩ ⁨months⁩ ago

  But what if I renounce the US?

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  • nokturne213@sopuli.xyz ⁨2⁩ ⁨months⁩ ago

    I do not think you can get ssi if you renounce.

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  • ryathal@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

    It’s generally not worth renouncing. It costs $2350 to do for one. While you have to “pay taxes” it’s mostly just filing paperwork, you don’t pay on your first $126,500 of income, and you can deduct taxes paid to your resident country as well.

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    • Don_Dickle@lemmy.world ⁨2⁩ ⁨months⁩ ago

      I read that the cheapest housing is in Manitoba with an estimate of 168k US. I so far got 250k in the bank. Basically I want somewhere remote grow some pot and be left the fuck alone.

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      • clockwork_octopus@lemmy.world ⁨2⁩ ⁨months⁩ ago

        The problem isn’t housing though, it’s the cost of living. EVERYTHING is more expensive in Canada, since almost everything is imported. Since the growing season is only about 3-4 months maybe (except for parts of BC), almost all food is imported (usually from the US, and as soon as those tariffs hit, the already-high prices are going to skyrocket). Clothing (of which you need double, since winter), books, school supplies, electronics, tires for your car (again, two sets), just every-fucking-thing is imported and expensive.

        Housing costs are the least of your problems.

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      • Troubleinmind@lemmy.wtf ⁨2⁩ ⁨months⁩ ago

        So you think you can retire on the remaining $80,000? lol Canada is a very expensive country to live in.

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      • NeoNachtwaechter@lemmy.world ⁨2⁩ ⁨months⁩ ago

        and be left the fuck alone.

        Until you need a doctor. And then some more…

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    • wildbus8979@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

      Flip side is you pay on all capital gains, while Canada doesn’t charge on primary residence sales for example. And it makes investing far more complicated if it isn’t in an RRSP (401k equivalent). TFSA’s for example (the other retirement plan type) isn’t included so if you have investments in a TFSA you’re going to pay.

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