Moving to Canada from Panama

moving to

What to Expect

A comprehensive look at what changes when you move from Panama to Canada — from daily expenses to quality of life.

If you moved from Panama to Canada, you would find that Canada is 36.9% more expensive than Panama overall. A PAB75,000 salary in Panama would need to be roughly CA$145,000 in Canada to maintain the same lifestyle, and you’d need to navigate life in English and French. Expect a noticeable climate shift — Toronto averages 55°F vs 93°F in Panama City, making it significantly cooler.

Planning this move? Get up to 5 free, no-obligation quotes from vetted international movers. Get free quotes ↓

Is Canada cheaper than Panama?

The biggest cost differences at a glance

Restaurants

pay 55.0% more

Groceries

pay 8.0% more

Transportation

pay 35.1% more

Housing

pay 52.6% more

Childcare

pay 59.4% more

Entertainment and Sports

pay 43.2% more

See full cost of living breakdown
Exchange rate: 1 PAB = 1.42 CAD (October 2026)

Data: MyLifeElsewhere's crowdsourced cost of living database, with prices submitted and updated by users worldwide. Exchange rates are refreshed regularly from public sources.

What salary do you need in Canada?

What does your salary buy?

PAB75,000 → CA$145,000

To maintain the same standard of living in Canada

Calculate with your salary →

Get free moving quotes to Canada

We've teamed up with a vetted network of international movers to help MyLifeElsewhere readers plan their move with confidence. Tell us about your move and get up to 5 free, no-obligation quotes in under 2 minutes.

  • ✅ Up to 5 quotes from screened movers
  • ✅ Licensed and insured providers only
  • ✅ 100% free — you choose who contacts you

Who Else Is Making This Move?

Real numbers on people moving from Panama to Canada, and how the trend has changed.

Moved in 2023
70 ↑ 8% vs 2022

people moved from Panama to Canada · OECD (latest data available)

Who's moving to Canada?

Top countries of origin for Canada's foreign-born residents.

Foreign-born population · UN DESA (2020)

Key Indicator Comparison

How Panama and Canada stack up on safety, healthcare, jobs, and infrastructure.

Is it safe?

Homicide rate World Bank, 2023

per 100,000 people per year

PA
11.7
CA
2.0
Feel safe walking at night United Nations SDG Indicators, 2019

of residents who feel safe walking alone at night

PA
33%
CA
88%

Canada performs significantly better than Panama across all safety metrics.

How's the healthcare?

Healthcare spending per person World Bank, 2024

annual government + private spending per person

PA
$3,318
CA
$7,646
Doctors per 10,000 people World Bank, 2023

affects wait times and access to care

PA
16.2
CA
28.2

Canada generally does better on health & wellbeing, though Panama leads in healthcare spending per person.

What about the environment?

Air pollution deaths United Nations SDG Indicators, 2019

deaths attributable to air pollution per 100k people

PA
17.0
CA
8.0
CO₂ emissions per capita World Bank, 2024

tonnes of CO₂ emitted per person per year

PA
2.7t
CA
14.0t

Panama generally does better on environment, though Canada leads in air pollution deaths.

Will I have good infrastructure?

Broadband per 100 people World Bank, 2024

fixed broadband subscriptions — key for remote work

PA
18.1
CA
42.5
Water stress level World Bank, 2022

higher means greater strain on freshwater supply

PA
0.9%
CA
3.7%

Canada generally does better on infrastructure, though Panama leads in water stress level.

What are the job prospects?

Unemployment rate World Bank, 2025

percentage of the labour force without work

PA
8.4%
CA
6.9%
GDP per capita World Bank, 2025

a broad measure of economic output per person

PA
$19,790
CA
$55,698

Canada generally does better on employment & economy, though Panama leads in top income tax rate.

Is it good for families?

Life expectancy World Bank, 2024

average years of life at birth

PA
79.8 yrs
CA
82.1 yrs
Infant mortality World Bank, 2024

deaths per 1,000 live births — lower is better

PA
12.0
CA
4.7

Canada performs significantly better than Panama across all family life metrics.

Sources: World Bank (2021–2025), United Nations SDG Indicators (2016–2021), World Health Organization (2024), General Directorate of Revenues, Panama (2016), Canada Revenue Agency (2016), The World Factbook (2008). How we calculate this

Weather in Canada vs Panama

Monthly averages — select a city to compare.

Panama City Rain: 75.1 in/yr (1907 mm)
93° / 68°F

Avg. annual high / low

Toronto Rain: 32.8 in/yr (834 mm)
55° / 42°F

Avg. annual high / low

Months Panama City Toronto
Jan–Mar 94°/65°F (34°/18°C) 34°/23°F (1°/-5°C)
Apr–Jun 94°/69°F (35°/21°C) 64°/49°F (18°/10°C)
Jul–Sep 92°/70°F (34°/21°C) 76°/61°F (24°/16°C)
Oct–Dec 91°/68°F (33°/20°C) 46°/35°F (8°/2°C)
View all months
Month Panama City Toronto
Jan 92°/65°F (33.4°/18.5°C) 30°/19°F (-1.1°/-7.3°C)
Feb 94°/65°F (34.2°/18.4°C) 32°/21°F (-0.2°/-6.3°C)
Mar 95°/65°F (34.8°/18.4°C) 40°/28°F (4.6°/-2.0°C)
Apr 96°/67°F (35.4°/19.5°C) 52°/39°F (11.3°/3.8°C)
May 94°/70°F (34.5°/21.1°C) 65°/50°F (18.5°/9.9°C)
Jun 93°/70°F (33.8°/21.3°C) 74°/59°F (23.5°/14.8°C)
Jul 93°/70°F (33.9°/21.0°C) 80°/64°F (26.4°/17.9°C)
Aug 93°/70°F (33.9°/20.9°C) 78°/63°F (25.3°/17.3°C)
Sep 91°/70°F (32.9°/21.0°C) 69°/56°F (20.7°/13.2°C)
Oct 91°/69°F (32.6°/20.8°C) 57°/45°F (13.8°/7.3°C)
Nov 91°/69°F (32.9°/20.3°C) 45°/36°F (7.4°/2.2°C)
Dec 92°/67°F (33.3°/19.2°C) 35°/25°F (1.8°/-3.7°C)

Data: IMHPA - Instituto de Meteorología e Hidrología de Panamá IMHPA - Instituto de Meteorología e Hidrología de Panamá, Meteorological Service of Canada Meteorological Service of Canada

Can you move from Panama to Canada?

Short-stay tourist visa rules between Panama and Canada. To live, work, or study long-term in Canada, you'll need a separate residence or work visa — check Canada's immigration authority.

Panama passport

Panama passport holder visiting Canada

Visa Required
Panama passport holders need a visa to enter Canada.
Canada passport

Canada passport holder visiting Panama

Visa Free
Canada passport holders can enter Panama without a visa.

Data: Henley Passport Index. Check with the destination country's embassy for the most current requirements.

Frequently Asked Questions

Is it cheaper to live in Canada than Panama?

Day-to-day costs in Canada run about 37% higher than Panama on average; specific cities can swing further.

How much money do I need to move to Canada?

A safe rule of thumb is 3 months of local expenses plus relocation costs. On a PAB75,000 comparable salary, that's around CA$36,250 in Canada for everyday spending, before flights, shipping, a rental deposit, and visa fees.

Can I work remotely from Canada?

With 42.5 fixed broadband subscriptions per 100 people, Canada can support video calls in major cities. The hard part is paperwork — visa category, employer policy on overseas staff, and tax residency in Panama and Canada.

Is Canada safe for expats?

Canada performs significantly better than Panama across all safety metrics. The homicide rate in Canada is 2.0 per 100,000 people, compared to 11.7 in Panama. About 88% of people in Canada feel safe walking alone at night.

How is healthcare in Canada compared to Panama?

Canada generally does better on health & wellbeing, though Panama leads in healthcare spending per person. There are 28.2 doctors per 10,000 people in Canada, compared to 16.2 in Panama. Canada scores 91 on the WHO universal health coverage index (Panama: 78).

What's the weather like in Canada compared to Panama?

The average high temperature in Toronto is 55°F, compared to 93°F in Panama City. Toronto receives around 32.8 in of rainfall per year, while Panama City gets 75.1 in.

What language do they speak in Canada?

The official languages in Canada are English and French. In Panama, the official language is Spanish.

Share this

At a Glance

PA CA
Population 4,571,189 41,651,653
Currency Panamanian Balboa (PAB) Canadian Dollar (CA$)
Languages Spanish English, French
Driving side Right Right
Calling code +507 +1
Time zones 1 6
Emergency number 911 911