As a CPC voter, I have always said that the brain drain is the clearest metric to determine whether the Canadian economy is on a good path or not in the long term.
If the stats start reflecting that, I will confidently say Carney’s strategy is working.
mykittenfarts on
They’re going there NOW??? If so, they’re not exactly doing their market research.
mightocondreas on
Can we not tax them for leaving?
okblimpo123 on
Maybe make education (that is subsidized by Canadian tax payers) be attached to working in Canada. If you head south, you owe the portion the Canadian government subsidized back.
Free education for all Canadians to work in Canada.
That will skew at least some of the decision making.
ProudVancouverLL on
Setting up a LLC in the US is much simpler than a corp in Canada. Easier tax system in the former as well.
Very easy access to capital down in the states. I don’t blame young entrepreneurs trying to set up shop down there.
Canada could benefit by making something similar to LLC.
arupinum85 on
I was born in a communist country, the „we need to keep them here“ policy was implemented there as well…
Odd-Perception7812 on
Then ease up the unrelenting bureaucracy that makes starting a business so problematic.
drakanx on
why would they stay when they can make exponentially more in the US.
Ag_reatGuy on
Maybe instead of “keeping them here”, make it worth staying voluntarily.
SoFreshNSoKleenKleen on
Genuinely wondering, with everything that Trump, Lutnick, and Bessent have said and done over the last 20 months and the way the global markets have been going around in loops in response, who in their right mind actually thinks that they’re gonna make money down there that is gonna be worth anything by this time next year?? That whole admin, by intent or downright incompetence, is a runaway freight train straight to Zimbabwe redux.
The US admin is totally unable to end their stupid ass war with Iran, driving prices sky-high in the US + they’re now bribing voters with $5000 each to vote Re-Trump-lican in the midterms, which is only gonna add another $1.5 trillion to an already ballooning $40 trillion national debt. He has messed up so much stuff already, AND he still has another 2 years in power to mess up yet MORE stuff! Trump is at the wheel and he hasn’t got a freaking clue what he’s doing, why would you want to go there now??
Jlolmb1 on
Manitoba taxed income over 70k at like 17% up till like last yr or maybe 2 years ago. Wouldn’t even want to be a professional there tbh
Glittering_Novel_783 on
Money talks, what can you say. Make more profitable options, or make the current QOL in Canada easier. Till then, people who have the choice will continue to choose for themselves
BackTo1975 on
It’s hilarious to see these posts so often. Yeah, the US can be a rich country. You can make considerably more there in some fields. That’s well known.
But the US is a country of such extremes that you’re still moving to an impoverished, ignorant country for the most part. So, MAGA. I don’t know why anyone would make the move these days, unless you’re planning to go short term and make big bucks before coming home.
And the future for the US doesn’t exactly look bright.
the_big_george on
Hey, hey, I’ve seen this one! This is a classic
TSAforlife on
Business and tech bros/women, whose only allegiance is to their god the dollar, are leaving to where they can make the most money the fastest. Honestly I can’t say it’s completely a terrible thing.
HuorCulnamo on
Can we reduce taxes on businesses to attract new ones, trusting that more overall activity will make up for the lower rate?
infamousal on
How? I feel like most people here hates these people.
Ok_Result_4064 on
I tried to get a loan from the big banks for my business. Just an LOC to help with payroll liquidity. Revenue is 500k a year, expenses about 300k. All but BMO refused. They gave us 15k at 9.99%.
flying_bathmat on
I started working for myself and while I have many clients here in Canada (where ALL of my family is) I also have a growing business in the States. As it grows the call to move to Florida is growing stronger and stronger.
Tuckebarry on
Facts. We need better policies that incentivize entrepreneurship and risk-taking in Canada.
dominionprovinces on
We are never going to be able to compete on total market size or total capital, but we really need to do a deep dive into the US allocates capital and takes risks.
Im convinced a substantial part of the advantage the US has is in the psychology of the people at banks who write loans and the people at venture capital funds who decide how and when to invest.
I.e. its a cultural / risk tolerance thing. They invest more in riskier ventures and sometimes lose big and sometimes win big.
Accomplished_Try_179 on
Reduce taxes.
Joebranflakes on
The problem is the same as it always was. Canada’s size and population means that the USA will be more attractive for venture capital investment. Sure it’s worse now, but if you have a good idea, starting it in Canada has always been a bit sub optimal.
PKSubban on
Revenue will be AT LEAST 2-3x and tax will be half.
Insanely easily call if you don’t have children
tyler111762 on
Well. The government of this country is actively trying to stamp out the only industry i would ever envision myself running a small business in so uh… yeah. No surprise here.
Burofaksbarca on
Canada is good if you are owning real estate or work for the bloated public sector. I work for the government and am older now, I would never leave my cushy guaranteed inflation-adjusted pension. Young creative people have no business here unless things improve. This country is stable, but boring and not dynamic at all.
Timely-Island-7477 on
There are total of just 15 medical schools in Canada. OMA is cartel along with our provincial government. Most of tech talent goes south because we don’t have Silicon Valley ecosystem here.There is no shadowing or clinical experience opportunities for Canadian students unlike US.
Canadian entrepreneurship is limited to buying and selling real estate with inflated prices with money laundering funding these sales.
616ThatGuy on
The only people I’ve ever heard talk about going south are maple maga morons. Good riddance. We don’t need nor want them.
Zing79 on
To Hell with this bullshit argument!!
**Country #1:**
Publicly funded primary and secondary education.
Heavily subsidized post-secondary education.
A system built around giving you a real shot at becoming highly educated and successful regardless of how much money your parents have.
**Country #2:**
Be poor, stay poor.
Want a post-secondary education? Cool. Take on crippling debt and good luck.
Canadians get educated here, become highly skilled, look south and say: “I can make more AND pay less tax.”
And the response is always: **“Canada needs to do more to keep them.”**
We already fucking did!!!
We invested in giving you the opportunity to become that person. Now we’re supposed to compete with a country that *didn’t* make that investment in you by matching their salaries and taxes too?
There’s an unspoken social contract here. Canada gives you the opportunity to succeed regardless of where you started. When you do, you contribute back so the next kid gets that same opportunity.
Maybe the question isn’t always what Canada needs to do for successful Canadians to convince them to stay.
Maybe successful Canadians should occasionally ask what they owe Canada
livinginthelurk on
All government subsidies should only be available to companies with under 100 employees and be founded early
Rooks84 on
No. Your taxes (and „red tape“) are way too high.
thedreaminggoose on
Im Canadian working in the US.
I really wanted to stay. I really love Canada and my country.
I’m selfish. I was getting married, and I went from making 75K CDN to getting an offer down south for the parent tech company in which I was offered 105K USD in a city with no state tax and in a city with a LCOL (I lived in Vancouver at the time).
It would have been just a bad decision not to take this offer. I essentially made double the amount of money I made (accounting for USD, a higher pay, less taxes, and LCOL) and I needed the money as I was getting married with 15K in savings to my name (paid off my student loans in full and that’s all I had left). Also working in the tech space, I’ve been invited a couple times to start businesses or be one of the first employees for startups.
I do look for opportunities to come back. It’s just personally kind of hard. Not so many opportunities in Canada compared to the US. I think maybe once my wife and I decide to have kids and she’s pregnant, we’ll probably come back home to raise a kid in our home country.
Weirdly enough though…what fuels my passion to come back is that a lot of Indians working in the US consider Canada to be a safety net country What they will do is work in the US for as long as possible until their visa is about to expire, then relocate to Canada for a year until they can go back to the US as an intra company transfer employee. Its either that or they stay in Canada for 2 years, get their PR to secure a safety net, and then go back to the US. Canada is purely a stepping stone or a last resort. The question that gets thrown around a lot is: how do I get transfer to Canada and then transfer back a year later, or should I transfer back after securing a PR?
This perception of Canada upsets me, and does give me some drive to come home and help support the country more and make it a more desirable place to stay permanently. I guess I’m a little selfish and more concerned about my own interests in making money, so I’ll take the blame for that.
BeyondAddiction on
It’s *incredibly* difficult to get seed capital nowadays to start a new business. Our banks are very risk adverse and almost always want a sure thing. So basically you need to have the money already, and ask for a loan cushion. And they’ll still probably say no.
StatikSquid on
Pay more and keep taxes low for smaller businesses
waikiki_sneaky on
Pay them more.
EmbarrassedHelp on
If a tech company or nonprofit organization desires to provide products/services with a high degree of privacy, they are current considering leaving Canada. The Liberals have shown both Canada and the world that they are hostile towards privacy, with bill C-22. Privacy focused small tech companies and nonprofit organizations are openly considering leaving the country over it, and there are multiple news articles covering it.
So why doesn’t this opinion peace mention the obvious elephant in the room if the author is discussing why technology focused entrepreneurs want to leave the country?
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37 Kommentare
What incentive do they have to stay?
As a CPC voter, I have always said that the brain drain is the clearest metric to determine whether the Canadian economy is on a good path or not in the long term.
If the stats start reflecting that, I will confidently say Carney’s strategy is working.
They’re going there NOW??? If so, they’re not exactly doing their market research.
Can we not tax them for leaving?
Maybe make education (that is subsidized by Canadian tax payers) be attached to working in Canada. If you head south, you owe the portion the Canadian government subsidized back.
Free education for all Canadians to work in Canada.
That will skew at least some of the decision making.
Setting up a LLC in the US is much simpler than a corp in Canada. Easier tax system in the former as well.
Very easy access to capital down in the states. I don’t blame young entrepreneurs trying to set up shop down there.
Canada could benefit by making something similar to LLC.
I was born in a communist country, the „we need to keep them here“ policy was implemented there as well…
Then ease up the unrelenting bureaucracy that makes starting a business so problematic.
why would they stay when they can make exponentially more in the US.
Maybe instead of “keeping them here”, make it worth staying voluntarily.
Genuinely wondering, with everything that Trump, Lutnick, and Bessent have said and done over the last 20 months and the way the global markets have been going around in loops in response, who in their right mind actually thinks that they’re gonna make money down there that is gonna be worth anything by this time next year?? That whole admin, by intent or downright incompetence, is a runaway freight train straight to Zimbabwe redux.
The US admin is totally unable to end their stupid ass war with Iran, driving prices sky-high in the US + they’re now bribing voters with $5000 each to vote Re-Trump-lican in the midterms, which is only gonna add another $1.5 trillion to an already ballooning $40 trillion national debt. He has messed up so much stuff already, AND he still has another 2 years in power to mess up yet MORE stuff! Trump is at the wheel and he hasn’t got a freaking clue what he’s doing, why would you want to go there now??
Manitoba taxed income over 70k at like 17% up till like last yr or maybe 2 years ago. Wouldn’t even want to be a professional there tbh
Money talks, what can you say. Make more profitable options, or make the current QOL in Canada easier. Till then, people who have the choice will continue to choose for themselves
It’s hilarious to see these posts so often. Yeah, the US can be a rich country. You can make considerably more there in some fields. That’s well known.
But the US is a country of such extremes that you’re still moving to an impoverished, ignorant country for the most part. So, MAGA. I don’t know why anyone would make the move these days, unless you’re planning to go short term and make big bucks before coming home.
And the future for the US doesn’t exactly look bright.
Hey, hey, I’ve seen this one! This is a classic
Business and tech bros/women, whose only allegiance is to their god the dollar, are leaving to where they can make the most money the fastest. Honestly I can’t say it’s completely a terrible thing.
Can we reduce taxes on businesses to attract new ones, trusting that more overall activity will make up for the lower rate?
How? I feel like most people here hates these people.
I tried to get a loan from the big banks for my business. Just an LOC to help with payroll liquidity. Revenue is 500k a year, expenses about 300k. All but BMO refused. They gave us 15k at 9.99%.
I started working for myself and while I have many clients here in Canada (where ALL of my family is) I also have a growing business in the States. As it grows the call to move to Florida is growing stronger and stronger.
Facts. We need better policies that incentivize entrepreneurship and risk-taking in Canada.
We are never going to be able to compete on total market size or total capital, but we really need to do a deep dive into the US allocates capital and takes risks.
Im convinced a substantial part of the advantage the US has is in the psychology of the people at banks who write loans and the people at venture capital funds who decide how and when to invest.
I.e. its a cultural / risk tolerance thing. They invest more in riskier ventures and sometimes lose big and sometimes win big.
Reduce taxes.
The problem is the same as it always was. Canada’s size and population means that the USA will be more attractive for venture capital investment. Sure it’s worse now, but if you have a good idea, starting it in Canada has always been a bit sub optimal.
Revenue will be AT LEAST 2-3x and tax will be half.
Insanely easily call if you don’t have children
Well. The government of this country is actively trying to stamp out the only industry i would ever envision myself running a small business in so uh… yeah. No surprise here.
Canada is good if you are owning real estate or work for the bloated public sector. I work for the government and am older now, I would never leave my cushy guaranteed inflation-adjusted pension. Young creative people have no business here unless things improve. This country is stable, but boring and not dynamic at all.
There are total of just 15 medical schools in Canada. OMA is cartel along with our provincial government. Most of tech talent goes south because we don’t have Silicon Valley ecosystem here.There is no shadowing or clinical experience opportunities for Canadian students unlike US.
Canadian entrepreneurship is limited to buying and selling real estate with inflated prices with money laundering funding these sales.
The only people I’ve ever heard talk about going south are maple maga morons. Good riddance. We don’t need nor want them.
To Hell with this bullshit argument!!
**Country #1:**
Publicly funded primary and secondary education.
Heavily subsidized post-secondary education.
A system built around giving you a real shot at becoming highly educated and successful regardless of how much money your parents have.
**Country #2:**
Be poor, stay poor.
Want a post-secondary education? Cool. Take on crippling debt and good luck.
Canadians get educated here, become highly skilled, look south and say: “I can make more AND pay less tax.”
And the response is always: **“Canada needs to do more to keep them.”**
We already fucking did!!!
We invested in giving you the opportunity to become that person. Now we’re supposed to compete with a country that *didn’t* make that investment in you by matching their salaries and taxes too?
There’s an unspoken social contract here. Canada gives you the opportunity to succeed regardless of where you started. When you do, you contribute back so the next kid gets that same opportunity.
Maybe the question isn’t always what Canada needs to do for successful Canadians to convince them to stay.
Maybe successful Canadians should occasionally ask what they owe Canada
All government subsidies should only be available to companies with under 100 employees and be founded early
No. Your taxes (and „red tape“) are way too high.
Im Canadian working in the US.
I really wanted to stay. I really love Canada and my country.
I’m selfish. I was getting married, and I went from making 75K CDN to getting an offer down south for the parent tech company in which I was offered 105K USD in a city with no state tax and in a city with a LCOL (I lived in Vancouver at the time).
It would have been just a bad decision not to take this offer. I essentially made double the amount of money I made (accounting for USD, a higher pay, less taxes, and LCOL) and I needed the money as I was getting married with 15K in savings to my name (paid off my student loans in full and that’s all I had left). Also working in the tech space, I’ve been invited a couple times to start businesses or be one of the first employees for startups.
I do look for opportunities to come back. It’s just personally kind of hard. Not so many opportunities in Canada compared to the US. I think maybe once my wife and I decide to have kids and she’s pregnant, we’ll probably come back home to raise a kid in our home country.
Weirdly enough though…what fuels my passion to come back is that a lot of Indians working in the US consider Canada to be a safety net country What they will do is work in the US for as long as possible until their visa is about to expire, then relocate to Canada for a year until they can go back to the US as an intra company transfer employee. Its either that or they stay in Canada for 2 years, get their PR to secure a safety net, and then go back to the US. Canada is purely a stepping stone or a last resort. The question that gets thrown around a lot is: how do I get transfer to Canada and then transfer back a year later, or should I transfer back after securing a PR?
This perception of Canada upsets me, and does give me some drive to come home and help support the country more and make it a more desirable place to stay permanently. I guess I’m a little selfish and more concerned about my own interests in making money, so I’ll take the blame for that.
It’s *incredibly* difficult to get seed capital nowadays to start a new business. Our banks are very risk adverse and almost always want a sure thing. So basically you need to have the money already, and ask for a loan cushion. And they’ll still probably say no.
Pay more and keep taxes low for smaller businesses
Pay them more.
If a tech company or nonprofit organization desires to provide products/services with a high degree of privacy, they are current considering leaving Canada. The Liberals have shown both Canada and the world that they are hostile towards privacy, with bill C-22. Privacy focused small tech companies and nonprofit organizations are openly considering leaving the country over it, and there are multiple news articles covering it.
So why doesn’t this opinion peace mention the obvious elephant in the room if the author is discussing why technology focused entrepreneurs want to leave the country?