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The residence routes open to Canadians moving to Panama, with income thresholds shown in CAD, costs, timelines and eligibility.
Panama offers Canadians 2 main residence routes: digital nomad and retirement visa. The most accessible starts at roughly C$1,418/month in qualifying income. 1 of these can lead to permanent residence, with a citizenship pathway after around 5 years.
As a Canadian passport holder you can already enter Panama visa-free for up to 180 days, so you can scout neighbourhoods, view property and open a bank account before committing to a long-stay visa.
Income thresholds on this page are converted to CAD using exchange rates as of 2026-07-08, so they track live rates rather than a fixed assumption. Moving to Panama does not end your Canada tax filing: as a Canadian citizen you remain taxed on worldwide income wherever you live. 1 of these routes carries no local tax on qualifying foreign income.
The quickest route is typically decided in about 3 months.
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