Moving to Mexico from Canada: What You Need to Know

Relocating to Mexico from Canada can be an exciting new chapter, filled with vibrant culture, warm weather, and a lower cost of living. Whether you’re retiring, working remotely, starting a business, or simply seeking a lifestyle change, relocating to Mexico from Canada involves more than just booking a flight.

This guide breaks down the essentials—from legal documents and cost of living to tips on transferring your money efficiently. Here’s everything you need to know to make a smooth transition.

Why Are Canadians Moving to Mexico?

Many Canadians are drawn to Mexico for its:

• Affordable living expenses.
• Tropical climate year-round.
• Rich culture and cuisine.
• Growing expat communities.
• Proximity to Canada, with frequent direct flights.
• Improved quality of life for retirees and remote workers.

However, while the move offers numerous benefits, it’s essential to prepare thoroughly for a successful relocation.

Step 1: Understanding Visa and Residency Requirements

If you’re planning on staying in Mexico full-time for more than 180 days, you’ll need a Temporary Resident Visa. This visa is ideal for:

• Remote workers and digital nomads.
• Retirees with stable monthly income or pensions.
• Entrepreneurs and business owners.

Key things to know:

• Valid for 1 to 4 years, renewable annually.
• After 4 years, you can apply for a Permanent Resident Visa.
• Application starts at a Mexican consulate in Canada.
• You’ll need to show proof of income, health coverage, and clean criminal record.

We recommend working with an immigration lawyer or a consultant for a visa application for peace of mind.

Step 2: Tying Up Loose Ends in Canada

Before boarding the plane, make sure to:

• Notify your bank, credit card providers, and CRA about your change of residency.
• Transfer essential funds to a Mexican bank account.
• Forward your mail through Canada Post.
• Organize medical records and prescriptions.
• Cancel memberships or services that won’t apply abroad.
• If you’re bringing pets, secure the required veterinary health certificates and airline approvals.

Step 3: Estimating Costs – From Flights to Daily Living

Flight Costs from Major Canadian Cities to Mexico (One-way Estimates):

• Toronto to Monterrey: $390 – $580 CAD
• Vancouver to Merida: $270 – $500 CAD
• Montreal to Mexico City: $300 – $600 CAD

Booking in advance and avoiding holiday seasons can help lower prices significantly.

Monthly Living Costs in Mexico (CAD equivalent):

While the cost of living in Mexico is generally lower than in Canada, keep in mind that lifestyle choices, city size, and your accommodation preferences can affect your monthly budget.

Step 4: Finding a Place to Live

You have several housing options depending on your needs:

• Short-term rentals (Airbnb, Booking.com) for initial stays.
• Long-term leases in expat-friendly areas like San Miguel de Allende, Puerto Vallarta, or Mérida.
  Buying property—possible even as a foreigner, though some regions require a fideicomiso (bank trust).

Pro tip: Visit neighborhoods in person before committing to a new home. If you’re looking for the best places to live, expat communities in Mérida, Lake Chapala, and Playa del Carmen are popular choices due to their affordability, infrastructure, and social networks.

Step 5: Healthcare in Mexico

Mexico offers both public (IMSS) and private health insurance options.

• Mexican citizens and employed expats are enrolled in the public healthcare system.
• Private health insurance (like Cigna or Allianz) is common among expats for faster service and broader coverage.

Bring your medical history and prescriptions from Canada to facilitate a smoother transition.

Step 6: Transportation and Getting Around

In most Mexican cities:

• Buses and metro systems are affordable and widely used.
• Rideshare apps (Uber, Didi) are popular.
• Car rentals are available, but traffic and driving conditions vary—especially in large cities.

If you plan on driving long-term, consider getting a Mexican driver’s license.

Also, take time to understand crime rates in various cities or neighborhoods. Like anywhere, safety can vary based on the area, so do your research and talk to locals or other expats.

Step 7: Managing Your Finances – Currency Exchange Tips

One of the most important things when moving to Mexico from Canada is managing currency exchange. Here’s where KnightsbridgeFX can help.

Why Use KnightsbridgeFX?

• Up to 2.5% better rates than banks
• No hidden fees
• 1-on-1 support
• Fast, secure transfers

Whether you’re transferring retirement funds, property payments, or setting up a local account, we help you convert CAD to MXN efficiently, so your money goes further in Mexico.

Also, be aware that Mexico doesn’t have a social security agreement with Canada. If you’re receiving CPP or OAS benefits, you can still access them, but eligibility and taxation may vary depending on your resident status. Always consult a tax advisor to ensure compliance with applicable tax laws.

Tips for Adjusting to Life in Mexico

• Learn basic Spanish – locals appreciate the effort!
• Be open to cultural differences – things may move at a different pace
• Build community – join expat groups on Facebook or Meetup
• Stay connected – get a Mexican SIM card with mobile data or Wi-Fi plans
• Keep safety in mind – while many areas are safe, stay informed and take common-sense precautions

Ready to Move to Mexico from Canada? Let KnightsbridgeFX Help You Get There

Starting a new life in Mexico is an exciting adventure—and with the right planning, it doesn’t have to be overwhelming. From securing the right visa and preparing for your move to adjust to a new lifestyle, every step counts toward a smooth and successful transition.

Need to transfer money from Canada to Mexico?

KnightsbridgeFX offers competitive exchange rates, no hidden fees, and 1-on-1 support—so your money goes further when you need it most.

Contact us today to get started or learn more about your currency exchange options.

KnightsbridgeFX offers competitive exchange rates, no hidden fees, and 1-on-1 support—so your money goes further when you need it most.

Contact us today to get started or learn more about your currency exchange options.