Halifax Tar
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I know I feel terrible for the elites.
Liberal (Minority/Majority) Government 2025 - ???
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I know I feel terrible for the elites.
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Make things unbearable enough for them and they will walk away in large numbers - and then what? Poverty and mediocrity for all?
Your comment makes you sound like a New Democratic instead of a PP conservative supporter.
Halifax Tar
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Again, that would be among the worse things to happen to this country. @Kirkhill has already pointed out the lack of entrepreneurs that Canada has been producing over the last 5+yrs. Maybe one of the main reasons is that they are taxed too heavily here in Canada?
And I'm still a card carrying member of the CPC......
Halifax Tar
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Taxes are too high. I also don't care much about the elites.
Wild times
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Go Liberal Progressive Conservatives!
My PC membership ended when the Canadian Alliance screwed the PCs.
I feel like a free agent at the moment, looking at both LPC and CPC to see if there’s enough stabilization to either to see if they convince me to commit one way or another. At this point, there’s a lot of Facta Non Verba to happen before I’m into decision space, which also includes ‘stay a free agent.’
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They keep saying that, and then they don’t.
The rich don’t make most their money as income anyways, it’s all about assets.
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They don't?
Have you heard of the 'brain drain' here in Canada?
The 'rich' aren't always the billionaires or the multi-millionaires with hundreds of millions, its those in the 2-10 million level or the 'high' income earners - like all those doctors that leave Canada each year or the high-tech specialists that move to Texas or California or NC.
For 2025, over 120,000 CDN's moved to the US. That's the highest number since record keeping began on this back in 1952.
The vast majority are in the 25-45 age bracket, which is the bracket that is striving to move up career wise, the bracket that children come into the picture and a highly educated working cohort. I would venture to guess that the average income of those that left would be above the average income level in Canada - putting them in the bracket of the 20% that pays 65% of all income taxes or within the 40% of the population that pays the remaining 35% of all income taxes. This in turn puts even MORE pressure on those remaining behind that pay the income taxes collected, forcing an even greater amount of taxes for them to pay.
The stats on Canadians who have moved to the US to live come back with a median annual income of 104,000$ USD - while for those deemed 'highly skilled' having a median income of 137,000$ USD. Those individuals site a salary increase in the 40-100% level compared to their equivalent CDN positions. Imagine living in Florida and making 137,000$ USD a yr and having 0% in state income taxes and having only a 6% sales tax......and add in the fact that the average home costs only 385,000$ USD (less than 3X your income) and an average property tax of only 2,900$ USD/yr.....
Some of those that leave for greener pastures do come back, I did after my 4yrs of working in the US. But the vast majority don't.
daftandbarmy
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And we've paid for all their education etc too... a nice gift to Uncle Sam
Canada’s top-skilled workers are leaving for the U.S. in droves for lower taxes and higher pay: TD study
A new report from TD Economics warns that Canada is losing its highest-skilled workers, entrepreneurs, and STEM graduates to the United States through a slow, largely invisible syphoning—calling the phenomenon a “silent brain drain.” The crisis, it argues, is less about who Canada can attract than who it fails to keep.
Much of the outflow never registers in Statistics Canada’s emigration data because it occurs through U.S. employer-sponsored work visas—temporary and semi-permanent pathways that conventional brain drain metrics simply don’t capture. Of the partial data Statistics Canada was able to retrieve, the agency determined that, in 2023, 18,590 Canadian residents emigrated to the U.S. permanently, with 30 percent of those people not being born in Canada.
Despite net migration to the U.S. lowering in recent years, the trend of top talent—which helps drive GDP growth—leaving Canada has not.
Canada’s top-skilled workers are leaving for the U.S. in droves for lower taxes and higher pay: TD study
The brain drain is real: Canada's losing skilled workers to the U.S. at nearly double pre-pandemic rates. TD Bank's new data shows the alarming trend.
thehub.ca
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