🇨🇦 Canada vs 🇲🇽 Mexico
Side-by-side early retirement comparison — taxes, cost of living, healthcare, and FIRE number.
Key Takeaway
Mexico is significantly cheaper than Canada for retirees. With a cost of living index of 35 vs 75, your money goes 53% further in Mexico. Capital gains tax is 10% in Mexico vs 25% in Canada. Use the calculator to see your personalized FIRE number for both countries.
Side-by-Side Comparison
Tax Comparison for Retirees
🇨🇦 Canada Taxes
🇲🇽 Mexico Taxes
Calculate Your Exact FIRE Number
Enter your portfolio, spending, and retirement age to see a personalized comparison between Canada and Mexico — with Monte Carlo simulations and tax modeling.
🔥 Open Calculator — Canada vs MexicoFAQ: Canada vs Mexico for Retirement
Is it cheaper to retire in Mexico or Canada?
Mexico has a cost of living index of 35 compared to Canada's 75(where US = 100). Mexico is significantly cheaper than Canada for retirees. Your money goes approximately 53% further in Mexico.
How do taxes compare between Canada and Mexico?
Capital gains tax is 10% in Mexico vs 25% in Canada. The top income tax rate is 35% in Mexico vs 33% in Canada. For FIRE retirees, the effective tax rate depends on your withdrawal strategy — use our calculator for a personalized estimate.
What about healthcare in Mexico vs Canada?
Estimated annual healthcare costs are $1,000 in Mexicovs $0 in Canada. Mexico offers public healthcare access for residents. Canada offers public healthcare access for residents.