Canadians Applying for Permanent Residency in Mexico

Hi, my wife and I are Canadians that became permanent residents of Mexico in August 2017 and living FULLTIME in Mexico.

For anyone, the Mexican consulate will consider all your assets including RRSP and RRIF.

Also for my wife, both her investments and monthly were less then the required amount but pretty close so they took both into consideration and allowed her the permanent resident VISA. In my case, just my revenues were above the required amount.

Notes:
1- the actual values are investments $113630 CA revenues $2840 CA
https://consulmex.sre.gob.mx/montreal/i … -do-i-need
2- based on the INM law the permanent resident STATUS quotes that your intention is to live FULLTIME in Mexico
3- based on the REVENUE CANADA, you would know need to advised them because you will become a non-resident of Canada, logically nobody can be a permanent resident in two countries at the same time but can have dual citizenship
4- taxation for Canadian revenues is based on the fiscal agreement between Canada and Mexico

Adios y buen dia a todos, GyC.

Thanks for the reply mexicogc.

The financial requirements are so much more at the consulate in Toronto compared to the one in Montreal. Approx. $35,000 more in Toronto. Crazy!!!

Here is the link to the page from the Toronto consulate website
Link