Liberal (Minority/Majority) Government 2025 - ???

[Czech_pivo]

This has always happened, in many fields it makes complete sense and there is nothing we can do to prevent it other than putting up a wall and preventing people from leaving.

Tech/engineering? Much bigger sector in the States so there will be much more money to be made. Doctors? Yeah they can get paid more too. Actors, comedians, etc. yeah the States is the hub for all that and if you want to be a someone in those industries you basically have to go there (they also take from plenty of other developed nations too).

What your missing is we can’t afford to be like the states, no one can. Their deficits make ours seem like rounding errors and are only achievable due to them being the world currency. If they had to pay their share their taxes would skyrocket.

Lowering taxes a little wouldn’t change the people leaving, it would just mean less money in the pot.

All valid points.

I've given up on counting/tracking how many people I grew up with back in Windsor who left Canada for the US and have gone on to knock the cover off the ball in terms of success and wealth. Easily in excess of 2 dozen+ people. Heck, my first real girlfriend from high school stayed in the US after her CDN employer paid for her to do her MBA at Harvard. She simply transferred to their US, (it was a US company and she worked in their CDN offices in Toronto), HQ after graduating. She then went on to a number of greater responsibilities and successes at other US companies to where she now holds the title of 'President' for a large division in one of the oldest and most recognized banks in the US. If she had stayed here in Canada she would have had a stunted, limited number of options here. She was always a 'go-getter' and someone looking for the next challenge. I would venture to guess, knowing her role and the company, that her overall compensation is most likely 2-3X what she might make here. The US simply had alot more challenges and money available than Canada could ever offer.

For the others, alot, though not all, went for the challenges of trying to make it big in the 'big leagues' as well. It is sheer size that gets alot of them. Very few went because they didn't like Canada and its taxes - though for some that was the case.

What we experience is no difference than what Ireland/UK experiences or NZ/Australia and even Austria/Germany to a less extent. Its the smaller neighbour dealing with the large neighbour and all the extra's that can been seen across the way.

The best chance we have in dealing with it here is to try to aggressively rise the income levels/opportunities for those in the 40% of the population who pay nothing in income taxes so that this % falls to say only 25% of the population. This will place less strain on the 20% that is covering 65% of all income taxes in here. In combination, there really needs to be a lowering of the overall numbers of immigrants in the country and the rising of the skill set of those that are allowed in - couple that with a substantial effort retrain those individuals that are already here in Canada and are under-utilized.

 

[daftandbarmy]

All valid points.

I've given up on counting/tracking how many people I grew up with back in Windsor who left Canada for the US and have gone on to knock the cover off the ball in terms of success and wealth. Easily in excess of 2 dozen+ people. Heck, my first real girlfriend from high school stayed in the US after her CDN employer paid for her to do her MBA at Harvard. She simply transferred to their US, (it was a US company and she worked in their CDN offices in Toronto), HQ after graduating. She then went on to a number of greater responsibilities and successes at other US companies to where she now holds the title of 'President' for a large division in one of the oldest and most recognized banks in the US. If she had stayed here in Canada she would have had a stunted, limited number of options here. She was always a 'go-getter' and someone looking for the next challenge. I would venture to guess, knowing her role and the company, that her overall compensation is most likely 2-3X what she might make here. The US simply had alot more challenges and money available than Canada could ever offer.

For the others, alot, though not all, went for the challenges of trying to make it big in the 'big leagues' as well. It is sheer size that gets alot of them. Very few went because they didn't like Canada and its taxes - though for some that was the case.

What we experience is no difference than what Ireland/UK experiences or NZ/Australia and even Austria/Germany to a less extent. Its the smaller neighbour dealing with the large neighbour and all the extra's that can been seen across the way.

The best chance we have in dealing with it here is to try to aggressively rise the income levels/opportunities for those in the 40% of the population who pay nothing in income taxes so that this % falls to say only 25% of the population. This will place less strain on the 20% that is covering 65% of all income taxes in here. In combination, there really needs to be a lowering of the overall numbers of immigrants in the country and the rising of the skill set of those that are allowed in - couple that with a substantial effort retrain those individuals that are already here in Canada and are under-utilized.

I know a guy who went to the US and made a fortune in, I think, the IT sector.

I asked him what the difference is between the business environment in Canada and the US.

He said "In the US they kill you with encouragement... in Canada they treat you like dirt."

 

[daftandbarmy]

The erosion continues in other forms ...

Insolvencies jumped 11.5% annually in June, Canada’s bankruptcy monitor shows​

Consumers led the annual increase, though business filings were also on the rise year over year


Insolvencies in Canada are floating around levels not seen since the global financial crisis more than 15 years ago, new data shows.

The Office of the Superintendent of Bankruptcies released updated figures on Monday showing 13,254 insolvencies were filed in June, up 5.7% compared with May and 11.5% from a year ago.

Consumers — who make up the bulk of insolvency filings — led the annual increase, though business filings were also on the rise year over year.

https://www.investmentexecutive.com/news/economy/insolvencies-jumped-11-5-annually-in-june-canadas-bankruptcy-monitor-shows/

 

[Czech_pivo]

I know a guy who went to the US and made a fortune in, I think, the IT sector.

I asked him what the difference is between the business environment in Canada and the US.

He said "In the US they kill you with encouragement... in Canada they treat you like dirt."

Spot on

I don't know how many times I've been told here by Canadian managers that I've had that 'I'm a squeaky wheel' because I call people out when deliverables are missed or that I'm trying to 'make others look bad' because I 'over deliver'. Never once have I heard that from a US based manager.

I have found over the years of being back here, that the Canadians that I enjoy working with the MOST are those who came from the Windsor to just east of London, Ontario area because without a doubt that ALL have an 'American' slant on how they conduct themselves and what they expect of their co-workers. The WORST Canadians that I have worked with are those that are 2+ generation Torontians - they are so full of themselves and are all 'collaborative based' on their manager style and expectations. They will hold meeting after meeting after meeting attempting to get everyone on side and in agreement on an issue before they make a decision - there is NO attempt by them to make a unilateral decision and direct others to go ahead and do it.

 

[Maxman1]

I'm actually a card carrying member of the LPC.

 

[PPCLI Guy]

No clue.

But what have they done over the last 30yrs? This is not something that is new. It will always occur - no matter what we do. The bigger and brighter lights will always will appear to some. Its the 'being the biggest fish in the bigger pond'.

I am part of an association called the National Angel Capital Association. They have proposed a series of supports for entrepreneurs for inclusion in the next budget, mostly related to making it easier to access capital in Canada, so that the entrepreneurial class has some reasons to stay. So not nothing

 

[Gordon Dundas/]

Another difference many years ago I was told this by my GF who spent years in retail management after we finished talking with a young woman in store in the States.
In Canada you get an MBA in order to get out of retail management in the US you get an MBA in order to get into retail management.

 

[Jarnhamar]

Senate speaker spent close to $1M on 'courtesy calls' and other foreign travel, Taxpayers Federation finds​

Raymonde Gagné, a self-professed 'avid traveller,' has made at least 14 international trips since she was appointed speaker of the Senate in 2023, records show

Senate speaker spent close to $1M on 'courtesy calls' and other foreign travel, Taxpayers Federation finds

Raymonde Gagné, an "avid traveller," has made at least 14 international trips since she was appointed speaker of the Senate in 2023.

nationalpost.com

It's nice we can support an unelected officials expensive travel hobby.

 

[MilEME09]

Another difference many years ago I was told this by my GF who spent years in retail management after we finished talking with a young woman in store in the States.
In Canada you get an MBA in order to get out of retail management in the US you get an MBA in order to get into retail management.

Another thing to note is canada has a much smaller income disparity gap compared to the US.