How The U.S. Lost Thousands Of High-Skilled Workers To Canada

[Raven_Rayes]

Canada is so conservative (including the liberal, and NDP party) that it has a stupid immigration system that awards residency based on some points.. but what the canadian economy actually needs is hoardes of low educated mexican immigrants, and they won't even consider it.

Canada is a wasteland purely because of its conservative sh1t attitude. they should simply invite everyone who wants to come to Canada and start building in and around the city like crazy.

they won't.

[Midnightsun]

18 minutes ago, Raven_Rayes said:

dude stop comparing 40mn Canada, to 1.4bn India and even 330mn USA.

you'll do well in Canada if you are smart and not very ambitious. If you are that ambitious, you'll have to spread your wings, and you can still do it remaining in Canada.

Canada taxes while high, are mostly comparable with California. Its not the taxes that are the problem. Its that it is impossible to scale a business in Canada beyond your province, and hence you'd be outcompeted by nations like India, China, USA, and EU nations that have a 25bn market access.

its market access that is ailing Canada.. not taxes. Taxes are high across the western world, except some parts of US. And India/China are not good places to live. only dumbfcuks will move back to India.

Everyone without a job in usa/ can / uk  with enough savings are lucky.

[Raven_Rayes]

36 minutes ago, Midnightsun said:

Everyone without a job in usa/ can / uk  with enough savings are lucky.

Canada especially has pretty low taxes if you are living on specific type of dividends. pretty good life yeah. better than the US. bunch of legal deductions that'll keep your overall tax low, if you run holding firms. In the US, you have to do illegal stuff like hiding money offshore to match Canadian tax deductions.

for tech, if you are looking to make money, then Canada is not it. unless you have patents and want to live off licensing them to others, then Canada/UK has lower taxes than the US.

 

[Raven_Rayes]

Canada is a high tax jurisdiction only for salary earners. Not for business owners that understand how to structure their investments. UK even more so.

even with Trump corporate tax reduction to 20%, Canada still has lower effective tax than the US.

[CanadianMalodu]

4 hours ago, Raven_Rayes said:

dude stop comparing 40mn Canada, to 1.4bn India and even 330mn USA.

you'll do well in Canada if you are smart and not very ambitious. If you are that ambitious, you'll have to spread your wings, and you can still do it remaining in Canada.

Canada taxes while high, are mostly comparable with California. Its not the taxes that are the problem. Its that it is impossible to scale a business in Canada beyond your province, and hence you'd be outcompeted by nations like India, China, USA, and EU nations that have a 25bn market access.

its market access that is ailing Canada.. not taxes. Taxes are high across the western world, except some parts of US. And India/China are not good places to live. only dumbfcuks will move back to India.

Doing well is subjective. India today is very vibrant economy. The pay is good in almost all STEM fields. Housing to income is the factor very disproportionate in India. But the same be said for Canada. The QOL in my pov is way better in India. US is a different league. Canada cannot be compared to USin that regard. 

The disposable incomes in California and Canada are not the same. Also, SF, San Diego are probably very expensive cities there. Say in a smallish city like Sacramento things still run in your favour. Canada is sort of ** everywhere. The dollar was deliberately rigged be at $ .70 to a $1 just to get more profit for the resource exporters and offshore companies. That pushed the prices of RE, groceries and rest of utilities.

If you have money and political clout India is  probably the best place. 

[Raven_Rayes]

7 hours ago, CanadianMalodu said:

Doing well is subjective. India today is very vibrant economy. The pay is good in almost all STEM fields. Housing to income is the factor very disproportionate in India. But the same be said for Canada. The QOL in my pov is way better in India. US is a different league. Canada cannot be compared to USin that regard. 

The disposable incomes in California and Canada are not the same. Also, SF, San Diego are probably very expensive cities there. Say in a smallish city like Sacramento things still run in your favour. Canada is sort of ** everywhere. The dollar was deliberately rigged be at $ .70 to a $1 just to get more profit for the resource exporters and offshore companies. That pushed the prices of RE, groceries and rest of utilities.

If you have money and political clout India is  probably the best place. 

how is the canadian dollar rigged, when canada has no capital controls? what are you smoking?

you don't have to live in that hellhole India to take advantage of its stupid economy, dude. anyway, what economy? beyond capital goods (thanks to population), and some uptick in manufactured goods.

 

 

[CanadianMalodu]

36 minutes ago, Raven_Rayes said:

how is the canadian dollar rigged, when canada has no capital controls? what are you smoking?

you don't have to live in that hellhole India to take advantage of its stupid economy, dude. anyway, what economy? beyond capital goods (thanks to population), and some uptick in manufactured goods.

 

 

No capital controls, but the legislation and taxation is rigged to ensure capital flight, that means more businesses fleeing Canada. Canada used to have less corporate tax rate compared to US before Trump. Trump has fixed it, while Trudeau screwed up Canada at the behest of WEF through his Carbon tax, more restriction of pipelines. Many business have moved their base to US from Canada from the time of Trump.

Have you lived in Canada at all? It only makes sense to talk on this only if have lived there.

India has lot going for it right now. The future for India lies in manufacturing and not just IT export work. I don't think Canada has anything of that sort. It's parking laundered money in real estate and bringing in more immigrants to pay the taxes. 

[Raven_Rayes]

21 minutes ago, CanadianMalodu said:

No capital controls, but the legislation and taxation is rigged to ensure capital flight, that means more businesses fleeing Canada. Canada used to have less corporate tax rate compared to US before Trump. Trump has fixed it, while Trudeau screwed up Canada at the behest of WEF through his Carbon tax, more restriction of pipelines. Many business have moved their base to US from Canada from the time of Trump.

Have you lived in Canada at all? It only makes sense to talk on this only if have lived there.

India has lot going for it right now. The future for India lies in manufacturing and not just IT export work. I don't think Canada has anything of that sort. It's parking laundered money in real estate and bringing in more immigrants to pay the taxes. 

conspiracy mongering. capital moves out because of taxation, really?? how come NY, CA has the highest billionaires residing there then? only washed up billionaires like Trump, and to an extent even Musk, and Bezos move to zero tax states.

businesses have been moving from Canada to US forever. Even under Harper.

India is nothing. Its not worthy of a discussion even. piece of sh1t place.

 

[Raven_Rayes]

27 minutes ago, CanadianMalodu said:

Canada used to have less corporate tax rate compared to US before Trump. Trump has fixed it,

if it was that easy to fix economies, every country would be like the US. pls stop pushing simple minded bs as some argument.

I would be paying high tax if I was to shift my residence from Canada to US right now. US taxes are not low, given that capital is taxed twice - once at the corporate level, and another at the personal level when I draw dividends. I would be paying close to 50% more if I lived in the US. Please dn't bring up the much higher dividend tax in canada, when there are workarounds for it, and especially because of the many legal deductions available in Canada. Canada is absolutely business friendly, just that its not that easy to build a business in Canada, given its small market. So mostly unproductive people like me move there. geniuses go the US. nothing else.

Canada does tax its salaried people earning over $60k more than the US though. Its unavoidable. They don't have a huge tax base like the US.

 

[Raven_Rayes]

tax on investment in the US approximates to atleast 30% even if you live in a zero tax state, unless you live in some Wyoming.

in Canada, it can be as low a even 13.5% depending on how you structure your investments. So don't ask me if you can do that with your real estate ventures.. Obviously this arrangement works only if you have a lot of capital gains and take them out as dividends, and in no other situation. Even lesser, if you are making your money through investments in r&d.

and you don't have to go live in Yukon to get it. you can get it living in Toronto.

[CanadianMalodu]

1 hour ago, Raven_Rayes said:

conspiracy mongering. capital moves out because of taxation, really?? how come NY, CA has the highest billionaires residing there then? only washed up billionaires like Trump, and to an extent even Musk, and Bezos move to zero tax states.

businesses have been moving from Canada to US forever. Even under Harper.

India is nothing. Its not worthy of a discussion even. piece of sh1t place.

 

Alberta the lowest taxes province in Canada has higher marginal tax rate compared to NewYork. Ofcourse, Capital moves out if it doesn't generate returns. More taxes means more operating costs and less returns. . Before Trump corporate tax rate in US used to be at about 35% and Canada at 21%. Trump had brought it down to 21% in the US whereas Trudeau started adding carbon tax. Carbon tax literally is literally a useless tax put in place to deter businesses.

Cite me numbers as on how many businesses moved to US from Canada under Harper.

[Raven_Rayes]

15 minutes ago, CanadianMalodu said:

Alberta the lowest taxes province in Canada has higher marginal tax rate compared to NewYork. Ofcourse, Capital moves out if it doesn't generate returns. More taxes means more operating costs and less returns. . Before Trump corporate tax rate in US used to be at about 35% and Canada at 21%. Trump had brought it down to 21% in the US whereas Trudeau started adding carbon tax. Carbon tax literally is literally a useless tax put in place to deter businesses.

Cite me numbers as on how many businesses moved to US from Canada under Harper.

NY, CA has higher tax rate than Florida no? if capital flight happens because of tax, it must be super easy for everyone to move to Florida.. why do you think no billionaires other than those with passive investments move to Florida?

canada's tax rate is not 21%.. it's been 26.5% for a while. US tax rate is 21% plus approx 6%(on the lower side) in states.. The tax rates are almost the same. The difference is in how much of tax compliance exists in Canada, given how much Canada spends on its tax authority compared to almost nothing that US spends on IRS.. Its easier to cheat on your taxes in the US. on some occasions even the IRS gives you illegal exemptions like moving your IP to Ireland. The tax rate is not the issue here.

carbon tax..lmao. again California and Massachusetts have a carbon tax in the US. why are they thriving then?

there's no need to compare numbers on business moving to US. Canada is a small market and companies will always be forced to move out to expand.

you have such easy solutions for everything. decrease tax rates, and business will boom.. bs. there's a reason why republicans have trouble keeping the govt.. their ideas for the economy don't work.

[anna_gari_maata]

On 11/14/2023 at 2:24 PM, csrcsr said:

 

 

High skilled endanna...gatti ga 2 months crash course teeskunte 711 batch kooda chestadi ee IT work

[Raven_Rayes]

36 minutes ago, CanadianMalodu said:

Alberta the lowest taxes province in Canada has higher marginal tax rate compared to NewYork. Ofcourse, Capital moves out if it doesn't generate returns. More taxes means more operating costs and less returns. . Before Trump corporate tax rate in US used to be at about 35% and Canada at 21%. Trump had brought it down to 21% in the US whereas Trudeau started adding carbon tax. Carbon tax literally is literally a useless tax put in place to deter businesses.

Cite me numbers as on how many businesses moved to US from Canada under Harper.

US is an oligarchy.. IRS gives exemptions to google, that they won't give to the avg startup. I wish I could claim that Canada is a modern democracy, but its mostly a reactionary cousin of the US, with a deeper conservative streak.

but Canada doesn't make exceptions to its most successful companies - of which they are very few. they do have an easier regime for minining companies, but we are not talking about that.

 

[Raven_Rayes]

50 minutes ago, CanadianMalodu said:

Capital moves out if it doesn't generate returns.

India gives the highest return in the world (almost.. even after the high taxes).. so why is there more FDI in the US than in India?

taxes are only part of the equation. businesses moving in to a region have a lot of others things to consider

if you actually started a business, instead of just theorizing about it because you are ideologically blind, you'd probably think twice before you make all these claims.