Moving from Canada to Mexico

A Few Items to Consider Moving From Canada to Playa del Carmen, Mexico or Moving to Tulum or all Riviera Maya

Today’s world of connectivity allows easier access to jobs and various opportunities on a global scale. As a result, there is a greater movement of people across borders to live or retire in Playa del Carmen, or invest in Tulum or buy in Riviera Maya, Mexico. These exciting moves are accompanied by obligations to make a successful move. To ensure a smooth transition with very few bumps along the way, we suggest taking the following steps:

Moving To Your New Destination

Contact us at Living Riviera Maya Real Estate for your move to the area.
We specialize in helping you successfully invest in real estate in Playa del Carmen and Riviera Maya.

1 604 628 7247 ; info@LivingRivieraMaya.com

Many of our associates of Playa del Carmen Real Estate Mexico, including me, as owner/broker have expatriated completely from Canada to Mexico. We can share our experiences with you so you relocate from Canada to Playa del Carmen, to avoid any unwanted surprises. Our specialty is orienting and educating you in the real estate market of Playa del Carmen and all Riviera Maya, so you find the right property, at the right price, in the right area, that fits all your requirements.

There is so much to consider when moving to Mexico to Playa del Carmen and the Riviera Maya and buying property. Me and my team at Playa del Carmen Real Estate Mexico take our role seriously. We have been successfully advising investors of Riviera Maya Real estate since 2003. Our orientation during your buying process includes info such as the locations of schools, hospitals, health service providers, public services, fun things to do, and lifestyle wishes and wants.

When making a real estate investment in Playa del Carmen and moving to Riviera Maya we make sure you have all the best legal advice.

Before you Move

We highly suggest making a checklist:
-Create a detailed packing list of what needs to go and what can stay or be given away/donated.
-Arrange packers, movers, storage, research moving companies. If you plan to import large pieces, you will need a customs broker. Most successful buyers who move here choose not to import.
-Take a course in Spanish either in your hometown or here in Riviera Maya. Knowledge of a few basic words and expressions can go a long way.
-We will introduce you to the right bank to set up new bank accounts so you can transfer funds as required.
-Join any social media expat sites and join clubs. They have already made the move and they could provide you with some great tips.
-Make sure your passports are valid for at least 6 months after you exit Canada. Have several copies ready for when you arrive to distribute as needed.
– Visa for stays longer than 120 days are required for Mexico. You can begin your application for a temporary resident visa at the Mexican consulate closest to your hometown. Once it’s approved, you will complete the process here in Inmigracion in Playa del Carmen. We have a team of people to guide you through the immigration process when you arrive in Playa del Carmen.
-Bring citizenship documents, police checks, birth certificates, etc.

Leaving Canada – The Canadian Tax System

First, the good news stated simply. Mexico does have a tax treaty with Canada, which helps Canadians avoid double taxation and help prevent tax evasion. However, a move to Mexico or buying property in Playa del Carmen or Riviera Maya does not necessarily mean that you automatically are considered a non-resident for tax purposes.

Depending on your ties to Canada, the number of days you spent there, and other factors, the Canada Revenue Agency (CRA) may consider you a: Factual Resident, Deemed Resident, Non-Resident or Deemed Non-Resident.

If you are a non-resident or plan to become one, then properly exiting the Canadian Tax System is crucial. Playa del Carmen Real Estate does not offer tax advice for Canadians. However, we can refer you to a Canadian company that specializes in this. Trowbridge Specialists can simplify the process for you.

Call us at Playa del Carmen real estate Mexico and we will hook you up with their information. 1 604 628 7247

If you do not take the proper steps there is a potential for double taxation on your worldwide income, application of incorrect tax rates and penalties, and/or interest accruing. In order to terminate your Canadian Residence in the tax system, you will need to file a departure tax return indicating your date of departure. We recommend you speak to your tax advisor or we can refer you to one.

This date of departure varies if you have a spouse or dependents or if you are becoming a deemed resident of a new country. Furthermore, on your departure tax you may need to include a deemed disposition – if leaving the country, the CRA treats any property you own as if it was sold at the current fair market value when you become a non-resident. Depending if there is a capital gain or capital loss, taxes may be applicable or a loss could be claimed on your return.

While you may have physically left Canadian soil, there are usually ties to Canada that remain, such as real property, bank accounts, RRSP’s, etc. These ties may provide reasoning for the CRA to penalize you if not properly addressed.

As a non-resident who owns a rental property that earns you income, you are obligated to report this income to the CRA. There is a non-resident withholding tax at a rate of 25% of the gross rental income.

However, the non-resident withholding tax can be significantly reduced. There are certain forms to be filed with CRA by your appointed agent. Playa del Carmen Real Estate Mexico will put you in touch with a specialist in Canada.

If you have RRSP’s, dividends, retirement compensation, continued social security benefits, royalties, are earning interest, or other types of income, make sure to advise these companies of your non-resident status as they may need to remit withholding taxes to the CRA on your behalf. As a non-resident earning this type of income, they should issue you an NR4 slip – this slip reports any withholdings and income to the CRA.

While the above are only a few noteworthy tips, always do your research and work with industry experts for investing in Playa del Carmen Real Estate Mexico for your transition to Riviera Maya.

Love your new life on the beach.
Do it the right way and don’t make mistakes.
Playa del Carmen Real Estate Mexico can help you navigate through all the steps.

1 604 628 7247 ; info@LivingRivieraMaya.com

www.LivingRivieraMaya.com

Riviera Maya tops the charts

Travelers put the Riviera Maya area among the best places to be in Mexico.

The Riviera Maya continues to be among the best destinations, according to the popularity rankings generated by travelers on TripAdvisor.

Source: Aquaworld

Four of the top six most popular destinations in Mexico are in the Riviera Maya, in a list of 25 cities. The reviews are filled with praise of its beautiful white sand beaches, dazzling diving places filled with sea life, incredibly well-preserved archaeological sites, dynamic nightlife and lively cultural activities (not to mention the lush, year-round tropical climate of the Caribbean sea!)

Source: playadelcarmen.com

Like that is not good enough, the Traveler’s Choice Awards, which lists the 25 best-rated beaches in the world, puts Playa Norte in 7th place. This beautiful beach has also been named one of Mexico’s best beaches for two years in a row. It is located in Isla Mujeres, an island less than 10 miles off the coast of Cancún. Senior contributor IslaMujeres1 writes: “When I first saw photos of this beach, I thought they had to be touched up. […] Calm turquoise waters, beach clubs, pure white powdery sand, and much more. […] Water so blue, it makes the sky look pale”

Source: Bahia Divers

Don’t miss the opportunity to visit these incredible destinations on your next vacation!

Curious about investing in Riviera Maya real estate? View our listings here.

Penthouse Condo For Sale in Playa del Carmen

 

 

– Brand-new downtown Penthouse for sale in Playa del Carmen, Mexico.

 

Photo Link
Ocean-View!

•  1,409 sq. ft., 2 bath, 2 bdrm single story – $299,000. Pre-Construction Pricing!
MLS® #PDC299

If you are looking for new condos for sale in Playa del Carmen, now is the time.

Coming off the success of the sold out Marea34 condos, this new set of Playa del Carmen condos for sale has been just released to the public this week.
Built by one of Quintana Roo’s major players, this is sure to be a great Playa del Carmen investment opportunity.

Don’t wait! Book now. Block your condo with only $5000 USD down refundable to hold the condo of your choice. These Condos for sale in Playa del Carmen go fast!

Conveniently located on Calle 34, (34th st) which is a wide boulevard street overlooking the sports stadium near 5th Avenue, these downtown Playa del Carmen Condos for sale are really close to the action.

34 modern luxury condos are being constructed ranging in prices from $113,000.00 to $229,000 USD.

Only a short stroll to the beach along the famed 5th Avenue of Playa del Carmen, where you will find restaurants, art galleries, shopping malls and stores.

Get in now and get first choice and early discounts on these downtown Playa condos for sale.
Condos will have granite and marble throughout.

Choose between 1 and 2 bedroom floor plans with terraces.
Common amenities are:

*Ocean-View Swimming Pool.
*Gym.
*Lobby.
*Underground Parking.

Prices From $113,000 USD to $299,000 USD.

Property information

Condo For Sale on Calle 34, Playa del Carmen

– Brand-new downtown condos for sale in Playa del Carmen, Mexico.

Photo Link
Pre-construction pricing!

•  1,409 sq. ft., 2 bath, 2 bdrm single story – $285,000. Starting at…
MLS® #PDC285

If you are looking for new condos for sale in Playa del Carmen, now is the time.

Coming off the success of the sold out Marea34 condos, this new set of Playa del Carmen condos for sale has been just released to the public this week.
Built by one of Quintana Roo’s major players, this is sure to be a great Playa del Carmen investment opportunity.

Don’t wait! Book now. Block your condo with only $5000 USD down refundable to hold the condo of your choice. These Condos for sale in Playa del Carmen go fast!

Conveniently located on Calle 34, (34th st) which is a wide boulevard street overlooking the sports stadium near 5th Avenue, these downtown Playa del Carmen Condos for sale are really close to the action.

34 modern luxury condos are being constructed ranging in prices from $113,000.00 to $229,000 USD.

Only a short stroll to the beach along the famed 5th Avenue of Playa del Carmen, where you will find restaurants, art galleries, shopping malls and stores.

Get in now and get first choice and early discounts on these downtown Playa condos for sale.
Condos will have granite and marble throughout.

Choose between 1 and 2 bedroom floor plans with terraces.
Common amenities are:

*Ocean-View Swimming Pool.
*Gym.
*Lobby.
*Underground Parking.

Prices From $113,000 USD to $299,000 USD.

Property information

Penthouse For Sale, TAO Residences, Akumal

 – Our contemporary-styled, brand new luxury penthouse for Sale in Akumal, located in the heart of the Riviera Maya, offers a level of privacy you won’t find at any hotel. The penthouse features open plan living with an indoor stairway that leads to an expansive and totally private rooftop terrace fitted with a wet bar and fabulous hot-tub, offering complete privacy. The rooftop terrace of this incredible Condo for Sale in Akumal has panoramic views of the jungle and the beautiful Caribbean Sea.

The penthouse offers a fully-equipped, modern kitchen, with stainless steel appliances and granite counter tops.

Photo Link
Bahia Principe Amenities!

•  1,968 sq. ft., 2 bath, 2 bdrm single story – $299,900. Below Developer Price, 5%
MLS® #AKU299
Enjoy free WiFi and a living room with a big screen TV fitted with Sky Satellite TV. There are two bedrooms, each with its own en-suite bathroom. There is a large terrace off the living room with access available from the master bedroom. The laundry room contains a washer and dryer and there is also an electronic safe.
It’s easy to get around, whether you hire a car or a golf cart, or simply use the resort transport provided that takes you to the beach and throughout the beautiful resorts within the Bahia Principe. You can walk to the Wellness Center where you can enjoy breakfast or lunch, yoga classes, and a fully equipped gym overlooking the lap pool.
Professionally managed, with on-site concierge and 24-hour security, our contemporary penthouse is perfect for an unforgettable vacation experience in the world-renowned Riviera Maya.
As a guest, you have complete access to the full array of Gran Bahia Principe resort amenities & services including:
Within the TAO Community:
Yoga & Zumba classes.
Gym.
Lap pool and infinity pool.
Spa.
Temazcal (Mayan sweat lodge).
Within the Bahia Principe:
Robert Trent Jones designed golf course at discounted rates.
Free access to the Bahia Principe Tulum and Bahia Principe Sian Ka’an resorts.
Discounted day pass to Gran Bahia Principe Coba and Akumal resorts.
15% Discount at Bahia Spa at Sian Ka’an.
Three gyms, five tennis courts and basketball courts.
Enjoy live entertainment at Bahia Principe Tulum and Sian Ka’an resorts.
Food and drink at more than 30 bars & 15 restaurants.
Go all-inclusive with a $65 pass that includes breakfast, lunch, dinner and drinks all day.
Dolphinarium, Scuba Diving and organized tours (Mayan Ruins, Turtles, Theme Parks and much more).
Complimentary shuttles run throughout the Bahia community every few minutes to the 4 resorts, Golf Clubhouse, TAO Inspired Living, Hacienda Doña Isabel and the exclusive owner’s beach.

There are also 4 theme parks within minutes of the penthouse: Xel-Ha, Xplor, Xcaret and Rio Secreto. Mayan ruins at Tulum are just 10 minutes away, and you can take a day trip to the ancient Mayan city of Chichen Itza, a World Heritage site.

Contact Us today to schedule a showing and begin your new life in Paradise with Living Riviera Maya Real Estate.

Property information

10 reasons to choose the Riviera Maya:

10-reasons-to-move-to-mexico

10 reasons to choose the Riviera Maya:

How do you plan to spend your retirement? Is moving South an option? Have you considered relocating to a warmer region for this new phase of your life?

If you’re not sure where to settle, you may want to consider the Riviera Maya as your #1 destination choice. Offering the perfect combination of entertainment, quality of life and profitable investment, there are many reasons why this paradise makes the perfect retirement home:

1. Entertainment:

The ultimate dream location for outdoor enthusiasts, the Riviera Maya offers multiple beach and aquatic activities such as kayaking, snorkeling, diving, swimming, fishing and sailing. The area also provides opportunities to explore natural and historical treasures including Mayan ruins, cenotes and eco-parks. And let’s not forget all the great bars, restaurants, boutiques, and golf courses! Without a doubt, the Riviera Maya gives you plenty to do for many many years!

The Good Life:

2. With more than 300 sunny days annually, a healthy diet of local fresh tropical food, a laid back lifestyle and beautiful surroundings, your quality of life will greatly improve. Your retirement may just be some of the best years of your life!

3. Mexico has all the familiar comforts and commodities you have back home. You’ll find all the major brand name stores such as Costco, Wal-Mart and Home Depot. Mexico also has excellent health services for a fraction of the price. Now that should really ease your mind!

4. The average cost of living in Mexico is 60% of that in the U.S. and Canada. As a result, you’ll enjoy a much higher standard of living!

5. In addition, property taxes are almost nonexistent compared to the 3% that you have in the US and Canada. That means no bad surprises at the end of the year!

6. You may be thinking that Mexico and the Riviera Maya sound wonderful but that it’s just too far from your home and family. Well, no worries because the Riviera Maya is extremely well connected to the US and Canada with over 50 non-stop flights daily.  That, combined with one of the best airport and highway transportation systems in the world makes every traveling experience smooth and trouble-free. The distance won’t feel quite so far from your loved ones.

Profitable Investment:

7. Mexico’s economy is booming and currently one of the strongest in Latin America. Surpassing China for quality and price, Mexico is now the world’s top producer of manufactured goods.

8. Mexico’s tourism is booming and it’s even more the case in the Riviera Maya. Of the millions of tourists who travel to Mexico annually, 70% choose the Riviera Maya as their final destination. As a result, Real Estate sales and the demand for property continue to grow.

9. Thanks to its great weather, beautiful beaches, incredible hotels, world-class golf courses, and ecological and archaeological treasures, tourism and investment in the Riviera Maya keep increasing. It currently is the fastest growing region on the planet. You’ll find great infrastructure, amenities, creature comforts and as a result, a thriving Real Estate market. You can expect on average a 25% equity gain on a pre-construction condo purchases upon project completion. In short, you just can’t lose when you invest in property in the Riviera Maya.

10. Due to the booming tourism, there’s a 100% occupancy rate in the Riviera Maya during the busy season. Demand often exceeds availability. So if you plan to rent your property, you don’t have to worry about finding enough renters. The average investor can expect to see an 8% ROI annually from rental income alone.

 

Buying Property in Mexico- How to Do it Safely and Profitably.

Properties purchase in MexicoSo you just got back from vacationing on the coast of Mexico. After days spent by the Caribbean Sea you have fallen in love with the place- to the point where you now want to buy property in this little bit of paradise.

And who could blame you? Mexico really is heaven on earth…

The great news is that buying property south of the border is possible! The laws have changed considerably in the past 10 years allowing foreigners to purchase property in Mexico. Even the areas along the coasts and borders, formerly designated as the “prohibited zone”, are now available to foreign buyers.

You will need to abide by a few rules, however, if you want to avoid any unwanted hassles. To make a safe and secure purchase in Mexico, be sure to follow the below procedures:

  • Before you do anything, you’ll need to set up a trust called a “Fideicomiso”. A qualified and licensed bank administers real estate through this trust on behalf of the beneficiary, (the owner). The term of this trust is 50 years but can be renewed for another 50 if needed.
  • You’ll also need to ask the seller for the legal title and certificate of no tax liability upfront.
  • Always be careful to NOT give earnest money to the seller! This concept does not exist in Mexico. Neither does escrow. Real-estate agents are not licensed and won’t have a separate account for earnest money. You may be able to find agencies in your country to provide these services.
  • The closing deal will have to take place in the office of a Notario Público. A specialized attorney, the Notario Público acts as a key person in the purchasing process. His duties include: (i) examining the documents of the selling party to ensure their accuracy and legitimacy; (ii) verifying the title; and (iii) searching the public records to determine the status of the seller’s title to the property and the existence of liens against the property.
  • Last but not least, foreign buyers should always be advised to consult counsel in their country of origin or a Mexican counsel regarding real estate transactions. They also can contact title companies in their home country to answer questions about conveyance issues, title searches and title policies for a prospective property as well as escrow account considerations.

The procedures for buying property in Mexico will be different than they are in your country but there are some similarities. Always proceed with caution and educate yourself on the rules and regulations before investing your money to make a secure and profitable purchase in Mexico.

 

Call us today for more information !

Judi Shaw | 1 604 628 7247 Direct | +521 984 116 3251 Mexico Cell

 

Mexico: A Country with an Economy that Continues to Grow

 

Mexico economy Green Economic Growth

For those of you worried about Mexico’s state of the market and the economic slowdown between 2009 and 2012 as a result of the international financial crisis, I have some good news for you. The forecast for Mexico’s economy not only looks promising, it looks great. Since mid-2012, Mexico has been thriving on an international level, particularly in the Riviera Maya.

International companies as well as the Mexican government continue to invest massively in Mexico. The country has shown real determination in laying the foundations to cooperate with private institutions. These international companies as well as financial institutions include mutual funds, insurance companies, pension funds, foundations and sovereign funds. The aim? To foster strategic areas for economic growth and social development. Mexico has conducted studies, amendments, and regulations to the laws in order to accommodate the changes in this growing market. As a result Mexico overtook Brazil as the Latin American country receiving the most foreign investment capital.

 

Mexico economy flagMexico is one of the world’s most attractive countries to investors right now.

Because Mexico’s reputation as a hotspot for tourism continues to grow internationally, the government has decided to spend billions of public and private investment dollars on massive infrastructure spending programs. The extensive plans focus on upgrading roads, ports, telecommunications, water and energy facilities to sustain the country’s growth in tourism and travel.

The country also plans to invest in airport infrastructure, theme parks, marinas, golf courses, healthcare facilities and retirement communities. In total, the program will include 27 major tourist destinations spread across 17 Mexican states. These projects will create more than 100,000 new jobs and will further support domestic tourism by giving more citizens higher incomes as a result.

The Riviera Maya is a prime example of Mexico’s success in development and investments in Tourism. Over the years the Yucatan Peninsula has seen the number of tourists increase exponentially. In light of its international appeal and the high number of flights coming into the Cancun airport, it’s become a hotspot worldwide. An average of 4 million visitors per year choose the Riviera Maya as their holiday destination. The wind of economic optimism continues to blow over Mexico and has settled over the Riviera Maya. In the last 4 years, the area has become a great place to buy, especially for foreigners.

New project developments, remodeled homes, occupancies in hotels and rental condos are constantly on the rise. The market in Mexico couldn’t be in better shape. If you’re interested in buying in the Riviera Maya, there has never been a better time than now!

Judi Shaw | 1 604 628 7247 Direct | +521 984 116 3251 Mexico Cell

 

Condo For Sale in Coco Beach, Beachfront

 

 

– Just listed ! a real buy from the original owner ! Lots of charm.

Distinctive classic Mexican style ocean view condo. This condo is located on the 2nd floor
3 bedrooms and3 bathrooms all on one level.

Photo Link
Let the waves lull you to sleep at nigh

•  1,600 sq. ft., 3 bath, 3 bdrm single story – $355,000. Just listed a real buy
MLS® #PDC355

– Just listed ! a real buy from the original owner ! Lots of charm.

Distinctive classic Mexican style ocean view condo. This condo is located on the 2nd floor
3 bedrooms and3 bathrooms all on one level with authentic living spaces:

* Full kitchen with breakfast bar for 5.
* Dining area with table for 6.
* Living room
* Laundry nook off center hall
* Central A/C
* Ceiling fans in all bedrooms, bathrooms, living room, and dining room.
* Satellite TV (SKY)
* WiFi via TelMex through a fiber-optic link
* Electronic security safe
* Balcony with wall to wall sliding glass doors that can be opened.
* Curtains and mosquito screens for the balcony doors.
* Slight ocean view from the balcony when the trees are kept trimmed.
* Hurricane shutters on one large window of MBR#1.
* Lockable iron security gate at condo entrance door.
* Mosquito screen door at condo entrance door.
* Bath #3 has a tub/shower, all others have walk-in showers.

Hang in the hammock on the terrace and look out at the ocean through the tops of palm trees.

Less than 100 steps from the complex’s NE gate to the sands of sandy white Coco Beach.
* Not beachfront, but located just behind Mahekal.

This gorgeous development comprises twelve buildings and shares a common interior wall.
* There are 3 floors per building for a total of 36 condos.
* Condos are all 2 or 3 bedroom.
* Beach showers are located on the beach end of the complex, just inside the
center gate.
* Buildings A thru F were built between 1999 and 2003.
* Buildings G thru L were built between 2003 and 2004.
* Currently managed by a professional/licensed management
company that services many complexes in the area.

Security and Staff:
* Fully walled and gated complex.
* 24-hour security staff.
* An external security company is used
* There are many video cameras with night vision and DVR recording that are being
monitored by security
* There are gardeners and maintenance staff that are employees that
work during the day to maintain the grounds. Many of the staff have been with
the complex for more than 10 years.

Pool and Fountains:
* There is a large shared pool in the center of the complex, rectangular with half
circle ends. About 5 ft. deep in the center, and 3 ft. on the ends. Colored tile
identifies where the depth changes. Not heated. Two shade pergolas exist at the
pool.
* There are 11 water features fed by 7 pumps found around the grounds that add to the
ambiance by providing bubbling stream noises. These are on timers to reduce costs
and generally shut off at night.

Parking:
* There are parking spots both inside and outside of the complex security fence.
About 20 inside, and about 9 outside.
* No parking spots are reserved to any specific condo.
* No more than one vehicle per condo is allowed, if there is more than one
vehicle per condo, it needs to be parked on the public street or at some
offsite location.

Rooftops:
* All rooftop areas on all buildings are considered shared/common areas.

The stove and refrigerator are now brand new!
The 12-year-old A/C unit is being replaced within the next 30 days !!

Great rental property too.
Best pool in all Playa del Carmen, call us to see this classic Playa del Carmen property !

Property information

Puerto Morelos, makes a great place to invest.

 

– Bahia Petempich, just south of Puerto Morelos, makes a great place to invest.
Boasting wide soft sand beaches, and very little building means your home away from home will remain a tranquil place to stay and will be forever a place that people want to rent.
Home to high end secluded small size resorts, these beautiful MIA condos on the beach,near Puerto Morelos are a wonderful place to invest in Riviera Maya Real Estate Peaceful tranquil with blue waters is comprised of a complex of three low-rise structures build on 750 feet of beachfront property.

Photo Link
High end Beachfront condos, low price

•  1,937 sq. ft., 2 bath, 3 bdrm single story – $520,000. Starting at $485,000.00
MLS® #PMOPETE

Condominios Mia are large ocean front condos,each one has a direct view to the ocean. Long quiet stretch of beach this is the ultimate in paradise on the Caribbean.

Large sweeping terraces from master bedroom and living room make this a very indooor outdoor living space.

Delux appliances included.

Large pools, large gardens, large living and large serenity.
Beach club to serve food and give you everything you need.

Developer financing is available

All condos offer “beautiful and generous spaces” and include three bedrooms with two different models available – “Uxmal” and “Petempich.” The third bedroom has the option of being converted into a studio.

Peninsula Petempich invites you to “feel the harmony” and “live the exclusivity” as you step outside your apartment onto your own palm tree-lined beach.

Property information