Residency Made Simple: How Canadians Can Legally Retire in Mexico

Mexico offers two main residency categories for Canadians: Temporary Residency (1–4 years) and Permanent Residency. Most retirees begin with Temporary Residency and transition into Permanent Residency after four years.

The most common path for retirees is the Economic Solvency route, which requires proof of income or investments. As of 2025:
– Monthly income: CAD $3,800–$4,200
– Investment savings: CAD $65,000–$70,000 for the last 12 months

Applicants must begin the process at a Mexican Consulate in Canada, receive a 180‑day visa, and finalize their residency card in Mexico within 30 days.

Permanent Residency may be granted immediately to applicants with higher income, savings, or through family unification.

Residency allows retirees to open bank accounts, purchase property, and access private healthcare.

Sources:
– Secretaría de Relaciones Exteriores (SRE)
– Consulate of Mexico (Toronto) Visa Guidelines 2024
– Instituto Nacional de Migración (INM)