Part of the PlanB Expat Toolkit

Off-Ramping for Canadians: The Full Playbook

Canadian expats face a unique set of challenges when it comes to moving money out of the country. Between strict banking regulations, limited fintech options, and the structural disadvantages of holding CAD abroad, building a reliable off-ramp requires careful planning.

This guide breaks down every viable path for getting your money out of Canada and into usable form wherever you're living - whether that's Latin America, Europe, or Southeast Asia.

We'll cover the legal considerations, the practical tools that actually work, and the common mistakes that get accounts frozen or flagged for review.

Part 1

Understanding the Canadian Banking Landscape

Canada's banking system is dominated by five major institutions that share similar policies toward international customers. When you move abroad, you're no longer their target customer - and their systems reflect that reality.

The challenges start before you even leave: most Canadian banks require a Canadian address to maintain an account, and they actively monitor for signs that you've relocated permanently.

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