Attention snowbirds! Retire in Belize - MoneySense

Attention snowbirds! Retire in Belize

Tropical nation has numerous selling points.

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Nestled comfortably between Mexico and Guatemala lies what may be the next big thing for Canadian retirees: Belize.

The only English-speaking country in Central America, Belize has a population of just 300,000 and 40% of the country consists of beaches, ruins, jungle resorts and parks.

To establish residency in Belize you are required to be over the age of 45 and have US$2,000 a month in income. You are allowed to vote, are not taxed on foreign income, and can buy an 800-square foot condo on the beach for US$250,000.

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