Thanks. The 90 day reporting website was down for ages so it does happen here. The big downside for us with the LTR is that we only pay ourselves what we need to live on and it's nowhere near $120K CAD/$80K USD. I'll take a look at their website once it comes back online to see if there's a way to make it work for us. If only they'd allow us to show investment account and/or HISA funds.
Great info! Thanks for taking the time to post this. My wife and I are also over 50 Canadians living off our investments (no actual "pension"). Currently I do a non-o with a letter from the Canadian consulate confirming that my monthly income is over 65K THB via my tax return and my wife just uses our wedding certificate to come as a trailing spouse (no proof of $ required for her). This works great as we can leave all our $ in Canada. This LTR does look interesting though. Did you actually have to move $ into Thailand for it (other than the 50K THB fee) or could you just show your funds back in Canada? The LTR website appears to be down at the moment.
Have you looked into your wife coming in as a trailing spouse so only you would need to show the funds? That's what my wife and I did. We are both Canadian so I just used the consulate for an affidavit of proof of income vs. transferring the funds and a letter confirming she is married to me based on showing them our Canadian marriage certificate.
Not sure where OP is from but just a heads up that not everyone needs 800K in a Thai bank. Some Embassies/Consulates give affidavits of proof of funds. For example we just went to the Canadian consulate in Chiang Mai, showed them our Canadian tax return with our income and they gave us a letter that the local immigration accepted in lieu of 800K in a Thai bank. Other countries do the same. Not UK, US or Australia though. EDIT: This was for a Non-O retirement visa extension as we are both over 50. You don't need to show funds if you get the visa in your home country. Search in here for my posts and you should find a long thread about it (summer 2021 timeframe).
If you can get to a Canadian consulate/embassy you can get an affidavit of income from them so you don't need to put money in a Thai bank account. You just show them your T1 or statement of income form that you can get from the CRA website. Just did this a couple of weeks ago via the Chiang Mai consulate.
P.S. the 1250 THB for the income/marriage affidavit from our Canadian consulate was an extra expense but it saved us from having to put 800K THB x 2 in a basically zero interest Thai bank account. We do have a Thai bank account now but we prefer to keep our $ invested and working for us. The US, UK and Australian embassies/consulates no longer provide these affidavits for their citizens but some other countries still do. Doing it this way means that the money you bring into Thailand and keep in Thailand is entirely up to you and not dictated by immigration requirements. We had never heard of this affidavit method of income proof so hopefully this will help inform others.
As mentioned, we 100% both had Non-O (just look at the attached photo) retirement visas from the Vancouver consulate. We didn't want OA due to the insurance requirements.
Final update for future searchers. Yesterday we received our new "stickerless" Non-Immigrant O visas from the Canadian Consulate in Vancouver. The process was extremely easy using the thaievisa.go.th site. We gave the consulate a call and they confirmed there was no need to upload signed guarantee letters or signed/stamped statements from our bank. We simply uploaded 3 previous months of bank statements and investment account statements. We also contacted the Canadian consulate in Chiang Mai. They were very friendly and familiar with the process of providing affidavits of proof of income letters along with our marriage license to take care of Helen's trailing spouse extension. We will do a separate post for the extensions but based on the conversation with CM consulate we should not need 800K in a Thai bank. 🙂 Thanks to the amazing help and info from the folks running this group for helping us figure this all out!