So timely. I was thinking about writing something on this very topic after discussions over the holidays with two friends/co-investors who have decided to leave Canada. The tragedy is both love(d) being CDN, made the bulk of their capital as entrepreneurs in Canada, have been very active angel and fund investors, and have been very philanthropic engaging both their capital and time in a pretty wide swath of needed areas.
Having them leave Canada is a loss pure and simple. These are smart, successful, engaged people with the capital and demonstrated will and desire to give back and be impactful for less fortunate Canadians, and so their leaving is unnecessary loss that most definitely could have been avoided.
Investment likes certainty, which the Canadian government for the past ten years especially has not provided. I know a number of wealthy people who like the south, and it is only family and memories here that keeps them here, not our fiscal policies. Good that Mark is profiling this.
It is concerning that such a large number of billionaire citizens are leaving Canada and taking their future tax dollars with them. It signals that more than the taxes are out of balance.
Wow! This is profoundly disappointing. There are multiple studies indicating that Scandinavian countries are the best places to live in the world. Yes, these are high-tax jurisdictions; however, their education systems, social safety nets and broad-based institutional trust mean that everyone lives better lives. I am happy to pay high taxes if it means all citizens have access to quality education.
Interesting that the tax revenues from the taxation without representation capital gains changes wash out the forgiveness of the forgiven COVID scams. We pay forever here.
Mark
So timely. I was thinking about writing something on this very topic after discussions over the holidays with two friends/co-investors who have decided to leave Canada. The tragedy is both love(d) being CDN, made the bulk of their capital as entrepreneurs in Canada, have been very active angel and fund investors, and have been very philanthropic engaging both their capital and time in a pretty wide swath of needed areas.
Having them leave Canada is a loss pure and simple. These are smart, successful, engaged people with the capital and demonstrated will and desire to give back and be impactful for less fortunate Canadians, and so their leaving is unnecessary loss that most definitely could have been avoided.
Investment likes certainty, which the Canadian government for the past ten years especially has not provided. I know a number of wealthy people who like the south, and it is only family and memories here that keeps them here, not our fiscal policies. Good that Mark is profiling this.
It is concerning that such a large number of billionaire citizens are leaving Canada and taking their future tax dollars with them. It signals that more than the taxes are out of balance.
Canada is a failed State. I used to say, “it’s becoming a failed State.”.
Wow! This is profoundly disappointing. There are multiple studies indicating that Scandinavian countries are the best places to live in the world. Yes, these are high-tax jurisdictions; however, their education systems, social safety nets and broad-based institutional trust mean that everyone lives better lives. I am happy to pay high taxes if it means all citizens have access to quality education.
Interesting that the tax revenues from the taxation without representation capital gains changes wash out the forgiveness of the forgiven COVID scams. We pay forever here.