Discussion · Government Orders
Michael Chong Conservative
“Our top-earning and most skilled workers are leaving Canada for the United States to get higher pay and lower taxes. Studies show that thousands of our highest earners have already moved there.”
“Mr. Speaker, one of the dangers of denial is that we are going to see a brain drain from this country to our neighbour to the south. According to the TD Bank study that was released on May 21, Canada’s top-skilled workers are leaving for the United States in droves for lower taxes and higher pay. It says, “Canada is not hollowing out; it is spilling out at the top” and “Absent progress on this front, Canada will continue to be a feeder system for the U.S. innovation economy.” Statistics Canada confirms that in 2023 alone, 18,590 Canadian residents immigrated to the U.S. permanently, and a 2024 Bank of Canada study found that 40% of Canadians who would rank in the top 1% of earners have already left Canada for the United States. It also found that up to half of the top 2% to 10% of income earners have also already left.”
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Mr. Speaker, one of the dangers of denial is that we are going to see a brain drain from this country to our neighbour to the south. According to the TD Bank study that was released on May 21, Canada’s top-skilled workers are leaving for the United States in droves for lower taxes and higher pay. It says, “Canada is not hollowing out; it is spilling out at the top” and “Absent progress on this front, Canada will continue to be a feeder system for the U.S. innovation economy.” Statistics Canada confirms that in 2023 alone, 18,590 Canadian residents immigrated to the U.S. permanently, and a 2024 Bank of Canada study found that 40% of Canadians who would rank in the top 1% of earners have already left Canada for the United States. It also found that up to half of the top 2% to 10% of income earners have also already left.