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4 years ago

Retiring in Portugal

4 years ago
In short, I'm investigating for my in-laws (who are of retirement age) what it would take to move back home to Portugal .

In short:

- They are dual citizens of Canada & Portugal (with active passports).

- Living as resident in Canada for over 20 years, owns property in Portugal.

In terms of planning I'm trying to maximize the timing of when they move to Portugal.

They already have an NIF/Cartao de Cididao, Bank Account and Home. My reading indicates they'll be entitled to NHR. Most importantly, I'm trying to understand what their tax obligations will be when they move from Canada to Portugal (which they have a tax treaty with) and will have Pension income from Canada and likely Rental Income from Canada (if they move to Portugal).

Ideally a tax lawyer who has expertise in expating b/w Canada and Portugal would make my life easier, but I'm also willing to read and put a plan together.

Any pointers would be helpful.

Thanks!

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