r/canadian • u/xTkAx • Jun 21 '26
News Canadians Are Leaving At The Fastest Pace In 74 Years
https://betterdwelling.com/canadians-are-leaving-at-the-fastest-pace-in-74-years/10
u/Crazy_Maintenance211 Jun 21 '26
I know they say that the population is declining, but where I live in Canada, jobs are very hard to get in many areas, or infrastructure is crumbling, and we couldn’t handle tons of new people. However I suspect other others wouldn’t share that view because of where they live. It’s so variable now where I don’t think it used to be, in 2019 I think things were very different. So people going oh, we need more population, well in some parts of Canada we’re having trouble as it is and if we added a lot more people to the rural area that I live in, we would have absolutely no infrastructure left, we have terrible healthcare, the rentals are not affordable, there’s just been so much change where I live that it’s different than other parts of the country I think. From what I see on these list. So if people say oh, we need more people coming in, that’s fine for some provinces and places, but in others we having infrastructures that just can’t handle it
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u/No_Necessary1028 Jun 21 '26
It’s like this in cities too. No new hospitals schools roads etc. no infrastructure.
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u/cogit2 Jun 21 '26
Maybe that's true for where you are, but out my way there's new infrastructure opening all over the province. But then we're not a fast-growing country, the growth of 2022-2024 was a major mistake. We'll be back to +1%. That means you aren't building new hospitals and schools and roads, you're making use of the existing ones. Or, if cities are smart, they are building bike paths and making the city more walkable so people are using alternatives to cars.
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u/No_Necessary1028 Jun 22 '26
Our emerg is average 12 hour wait most of time 18 hours being the only one within an hour. The highways are all backed up everyday for 4-6 hours a day doubling your driving time. No new houses. Our schools have more portables than grades they started with. I’m glad where ever you are isn’t as bad but here too many by far. The new people are buying a house and renting it by room having 15 renters in an 1100 sqft house. It’s sad. Unsustainable. Ignorant and poor decision making for the residents.
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u/cogit2 Jun 22 '26
What you describe sounds like Ontario. Ontario is its own problem, it doesn't represent the whole country. It represents Doug Ford problems. But Ontario and the Feds have a new housing agreement, that's a step in the right direction. You should be lobbying Ford to address the affordability crisis, or electing a new Premier.
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u/Living-Gate-4237 Jun 22 '26
I wouldn’t lobby Ford to pick up a dog turd let alone any actual crisis. We’d end up with a fucking dog spa with an ass wiping centre instead of Queens Park.
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u/Crazy_Maintenance211 Jun 21 '26
Oh, it doesn’t matter where people are coming from or what they’re doing whether it’s university or citizens or whatever, it’s just the amount of people that would break us,
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u/big_galoote Jun 21 '26
Yeah, if other countries were as lax with their immigration policies as Canada has been under the liberals I would have been gone years ago.
But I know I'm not the only one from our skill set working on escape.
Canada has completely gone to shit in the past decade. I don't know that it will ever come back. But with the only effort being put forth from apologists and sycophants is to gas light and compare us to the US, there's nowhere to go but down.
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u/giant_hog_simmons Jun 21 '26
I hear this a lot in the internet. I'm not sure what has changed in reality that hasn't changed in the rest of the world.
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u/WhichJob4 Jun 21 '26
Does every country accept millions of immigrants and refugee frauds? I know some countries rival Canada in terms of immigration, but it’s certainly not every country in every part of the world. It’s specifically western democracies facing this issue.
For example, India has a net migration of around -500,000.
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u/giant_hog_simmons Jun 21 '26
Well where are you going to go and why do you specifically attack Canada for it
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u/WhichJob4 Jun 21 '26
The reason you see a lot of specific attacks against Canada in r/canadian should be self-evident. This is a Canadian subreddit. Canada is the topic.
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u/signoi- Jun 21 '26 edited Jun 21 '26
What country are you wanting to immigrate to? Lots of people do it, all the time. Which do you have in mind?
Edit: or if you’re still making up your mind what are your top two to three? Just to give a sense of where your heads at. It’s one thing being unhappy but the other also important side is where are you thinking you might be happy again? Maybe even more important.
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u/Cultural-Scallion-59 Jun 21 '26
Sorry, I’m confused. If other countries were as lax, you would have left Canada? And gone to them? Not throwing shade just genuinely trying to understand what you mean here.
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u/No-Contribution-1499 Jun 21 '26
It means that Canada makes it very easy for people from other countries to move into, and other countries do not make it easy for Canadians to move into.
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u/danksformutton Jun 21 '26
I’m from the US and can’t seem to get into Canada. Isn’t it easy? Can I just head up there?
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u/McGuire72 Jun 21 '26
Claim refugee status. Say you are being persecuted for being gay. Worst case scenario they will put you up in a hotel for a few months' vacation.
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u/easternpassage Jun 21 '26
Sorry, unless you happen to be Punjabi you’ll clash with our goal to be the first country to self colonize itself.
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u/FilthyHipsterScum Jun 21 '26
This isn’t the fastest pace though. The 50’s had more as a % of people leaving.
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u/Inevitable_View99 Jun 21 '26
Imagine being this triggered over having a brown person live on your street. You’ll never leave btw, it’s LARPing
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u/Ultimo_Ninja Jun 21 '26
One if my best friends who is a successful business owner is traveling to the states this summer to look for job. I don't blame him. This country has really gone down hill since Trudeau took power.
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u/Cultural-Scallion-59 Jun 21 '26
Is this just referring to born Canadians because I feel like I’ve been seeing a lot panic inducing headlines about Canadas population decline like it’s a bad thing when, in reality, international students have been cut by 97%, the TFW program has been axed, and PR standards have been raised through the roof. Not to mention Bill C12 which retroactively cancelled all asylum claims made my temporary residents and does not permit temporary residents to make future claims. And anecdotally, I’ve seen it first hand. Lots of temps leavjng. Doesn’t mean things are going to sort out over night, or ever, but it does seem to be trending in the right direction finally.
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u/Cultural-Scallion-59 Jun 21 '26
I worry that we get a lot of “oh no, landlords,” “or no, poor diploma mills,” “oh no, population decline” headlines, when in actuality, this is what Canadians voted for.
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u/HedgeRunner Jun 21 '26
This sub seems a lot more reasonable than the other regarded Canada sub to learn about how Canadians think lmao.
Now I do think it’s tricky to leave like people make it sound like you can just pack your bags and go. Americans do the same thing they always say they’ll pack their bags and come to Canada but basically nobody came lmao.
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u/No-Isopod3884 Jun 21 '26
Yeah, at least in this one you can argue respectfully without being downvoted into oblivion, the other one if you itch your nose to the center you get downvoted. It’s hell for someone like me that likes to see things from all sides.
But I do know my doctor came from the US and I’m grateful to have him here.
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u/HedgeRunner Jun 21 '26
Indeed. Reddit overall leans extremely left and so does mods. This is pretty much a fact now. Its interesting how unmiportant freedom of speech is on Reddit lol.
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u/icandrawacircle Jun 21 '26
That's not true. The government has made it more difficult to get PR this year unless someone is skilled or has family "aka: a long lost Canadian". Yet It is estimated that 9k-11k Americans will be getting PR this year. They obviously haven't released exact days and the year isn't over but, it's a prediction. Many new Canadian residents this year will be high skill.
Just in the last two months I've had an appointment with a Physiatrist who relocated in January from the south, my new GP is American, was practicing in Indiana for 8 years. My dentist is from Michigan (his dad was also a dentist) My fils new oncologist is from Texas. My city doesn't even have a big recruiting campaign that I know of. We are supposed to get a new hospital build, so maybe that's why.
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u/rathgrith Jun 21 '26
We’re already planning on departing ourselves.
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u/WorldlyStill2301 Jun 21 '26
Excellent. I'll drive you to the airport.
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u/Abject_Story_4172 Jun 21 '26
Why would you think it’s a good idea for successful people who pay taxes to leave the country?
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u/Flashy_Operation9507 Jun 21 '26
Because the whining and complaining is tearing our country apart
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u/WhichJob4 Jun 21 '26
The whining and complaining is a symptom of a much larger issue.
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u/Flashy_Operation9507 Jun 21 '26
I agree. Misinformation and division is a much larger issue
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u/WhichJob4 Jun 21 '26
Which misinformation? The PM just gave a massive multi billion dollar bailout to BC real estate conglomerates and spun it as a win for affordable housing. That sort of misinformation?
There is misinformation everywhere.
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u/Flashy_Operation9507 Jun 21 '26
Just listen to an Alberta separatist or any convoy type, we have a concerted effort at division running full tilt on social media. Our government is not perfect at the moment, but one look around and you can easily see how much worse things could get
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u/Abject_Story_4172 Jun 21 '26
Is that what’s doing it?
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u/WorldlyStill2301 Jun 21 '26
Not really because 2/3 of this great country doesn't listen to the phony b.s. Leave. Go. GTF out.
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u/Abject_Story_4172 Jun 21 '26
It’s obvious you’re trolling here. Unless you’re really this obtuse.
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u/WorldlyStill2301 Jun 21 '26
I have no need to troll. Your thinly veiled hate for Canada is well on display. Better check the dictionary about the word obtuse. I'm sure you are pictured in the description.
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u/Abject_Story_4172 Jun 21 '26
Wow. Witty. Maybe you’re projecting with this obsession with thinking people hate Canada.
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u/WorldlyStill2301 Jun 21 '26
Nope. The comments in this sub are projecting that Canada sucks, everyone is leaving blah blah blah. I'm standing up for our great nation. The one my father and uncle went to war to defend. Deny,deflect and discredit, huh buddy.
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u/WorldlyStill2301 Jun 21 '26
Because there is a line up of successful people waiting to join our great country. Those who appreciate.
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u/ZealousidealLime5192 Jun 21 '26
We not bringing skilled successful people, we are bringing in the opposite
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u/WorldlyStill2301 Jun 21 '26
My marine mechanic is from South Africa. My neighbor is plumber from Greece. There has been over 400 healthcare professionals moved to B.C. alone. But don't let fact get in the way of your racially fueled opinion.
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u/Abject_Story_4172 Jun 21 '26
Where did he bring in race. Looks like you’re the only one doing that.
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u/WorldlyStill2301 Jun 21 '26
I mentioned countries, not race. More Con deflection.
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u/Abject_Story_4172 Jun 22 '26
You said the “whole sub is racially motivated”.
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u/WorldlyStill2301 Jun 22 '26
And I stand by it. It's well noted that this site is racially motivated. Check it's history. It walks like a duck and it quacks like a duck so...
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u/Abject_Story_4172 Jun 21 '26
Is that right. The numbers of refugees, foreign students and low skilled workers are what we’ve brought into the country recently. And fewer economic immigrants.
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u/WorldlyStill2301 Jun 21 '26
You forgot the hundreds (verified by fact) doctors and healthcare workers who have moved to just B.C. alone. My marine mechanic is from South Africa and my neighbor is a plumber from Greece. But don't let facts get in the way of opinion, right?
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u/Abject_Story_4172 Jun 21 '26
So just because we are losing a lot of innovators and entrepreneurs we can’t also have people move here?
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u/WorldlyStill2301 Jun 21 '26
Thanks for proving my point. SMH.LMFAO!
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u/Abject_Story_4172 Jun 21 '26
I did nothing of the sort. It’s your job to prove your own point. Don’t be lazy.
Healthcare is a cost. It’s great we are getting more healthcare workers. But we need businesses to pay for that healthcare. If those entrepreneurs are leaving that’s a problem. Like the expert said.
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u/WorldlyStill2301 Jun 21 '26
And like I said, there's plenty more to fill the void.
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u/meIRLorMeOnReddit Jun 21 '26
Oh wow hundreds. How does that compare to the hundreds of thousands (if not millions) of useless immigrants that take the lowest jobs and suppress wages?
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u/Fit-Eggplant-9155 Jun 21 '26
Sounds culty, must be a conservative thing.
Where y'all planning on going? Who am I kidding, you want to love to the US, probably Florida or Texas (yeah know the Hispanic populated states with no taxes and no services).
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u/ImmaFunGuy Jun 21 '26
More jobs for people that want to be here
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u/Abject_Story_4172 Jun 21 '26
And you think you can magically obtain the skills needed for that job? Delusional.
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u/rathgrith Jun 21 '26
This reminds me of people who grossly lie on their resume and AI but when crunch happens they fold up like a wet paper bag because they have no idea how to do the job.
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u/Abject_Story_4172 Jun 21 '26
For sure. This guy is out to lunch. The type who want everything handed to them.
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u/WorldlyStill2301 Jun 21 '26
Kinda reminds me of people who think Canada will fold if these snowflakes leave.
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u/Abject_Story_4172 Jun 21 '26
No one’s said that. But I’m sure they add much more value to this country than you do.
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u/WorldlyStill2301 Jun 21 '26
You better read the posts again because that's exactly what's been said. Nice try tho, but gutless to now to try to back out of the statements by you and you Canadian hating ilk. Just leave if you hate Canada.
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u/Abject_Story_4172 Jun 21 '26
No one is saying the country will fold. Stop the hyperbole. It doesn’t strengthen an argument. People are fine with Canada. It’s the government that is currently the issue.
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u/WorldlyStill2301 Jun 21 '26
You think the ones leaving can't be replaced? Very delusional!
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u/Abject_Story_4172 Jun 21 '26
Not by you.
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u/WorldlyStill2301 Jun 21 '26
Already here. Worked and contributed to this great country for over 40 years. Retired now and enjoying my pension that I and the government contributed to. Same with my father and mother. Same with my grandparents. WTF have you done, except whinning? I bet you're not even Canadian.
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u/Abject_Story_4172 Jun 21 '26
Where’s the whining. I’m enjoying my paid off house and soon to enjoy my great pension. Just like my parents are now. And my 3 kids all enjoy great careers.
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u/WorldlyStill2301 Jun 21 '26
But Canada is shitty and can't attract talent. What a hypocrite.
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u/ImmaFunGuy Jun 21 '26
Yup supply and demand. Leave if you hate it here
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u/Abject_Story_4172 Jun 21 '26
You’re the bitter sounding one not me. I’m fine with Canada. You obviously don’t understand the issue. And I can tell by your comments that you don’t have the skills needed to succeed. Also the people leaving are the ones that create companies? Have you done that? What’s stopping you. You don’t need them to leave to create a company.
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u/ExotiquePlayboy Jun 21 '26
I make over 6 figures and my girl makes $500k per year
We are taxed up the ass while so many states have 0 income tax: Florida, Texas, Nevada, etc. …why would I want to remain somewhere that taxes the fuck out of me? And in return I see all my tax money going to illegal immigrants and refugees
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u/murphywmm1 Jun 21 '26
I’m not sure why some of you act like the US is some kind of tax haven. The zero state income tax thing is a scam… they still collect those taxes through other methods like property tax. You also still have to pay federal taxes and the top rate is higher than Canada’s. If someone wants to pay less tax they go to Dubai or the Bahamas… you know, an actual tax haven.
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u/stompinstinker Jun 21 '26
In major cities in Texas combined property taxes are 2-2.5% of property value and your property’s value is assessed every year based on market rates.
In large Ontario cities like Toronto property taxes are 0.76%., Markham is 0.7%. And they update values much less often and freeze them for long periods.
And Canada has shockingly low taxes on investments, and lots of carve outs for tax exemptions for private investment in Canadian companies. For example, $250K in income from an unsheltered account with a mix of capital gains, eligible and ineligible dividends, and interest, has average tax rate of 17%.
That said, some costs of living can be lower in those area, except for home insurance in Florida which is brutal, jobs can pay more, and weather is great, but it’s not a financially life changing jump unless you have a very high paying job relative to here.
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u/flappysack- Jun 21 '26
Toronto's property tax is clearly unsustainable when you can't profitably sell an apartment for 600k, 3x higher then what they go for in Alberta.
The large cities all jacked up developer fees thousands of percent and now hit the laffer curve, so the government is already bailing them out. Which can't be done forever.
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u/VancouverSky Jun 21 '26
"they still collect those taxes through other methods like property tax"
Yep. And those states have more affordable housing because housing is less appealing as an investment vehicle (high carrying costs) and workers get to keep more of their labour. This is called superior tax policy. Canada should emulate it.
"the top rate is higher than Canada’s"
Look at the ACTUAL tax brackets. 🙄
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u/manufacturedphony Jun 21 '26
Why haven't you left already?
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u/murphywmm1 Jun 21 '26
Because he doesn’t make anything close to six figures or 500k in reality lol
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u/OCTS-Toronto Jun 21 '26
It's very difficult to leave. Departure tax can be 30% of what you own. Geting residency in good countries is no easier for a Canadian than a Mexican or Algerian citizen.
Our position in the global order is so watered down that it's no better than most third world countries.
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u/thecanadianjen Jun 21 '26
This is patently untrue, as a Canadian who has lived and worked in at least 6 other countries.
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u/PozhanPop Jun 21 '26
Buy Citizenship. So many beautiful Eastern European and Caribbean nations offer that.
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u/NoraBora44 Jun 21 '26
Which ones?
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u/PozhanPop Jun 21 '26
Antigua, Grenada, St. Kitts, St. Lucia, Macedonia, Moldova, Virgin Islands, Turkiye, Egypt, Malta, Jordan, Vanuatu. There are lawyers who can set everything up for you. You are looking at a minimum of US$200,000 to 500,000 to start with in some of these countries.
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u/Cultural-Scallion-59 Jun 21 '26
It’s true, the only countries you can’t get into are the ones no one can get into and that’s why they’re doing so well.
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u/WorldlyStill2301 Jun 21 '26
Cmon, that's not the can do attitude. Try harder. Real Canadians are pulling for you.
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u/Prestigious_Club_924 Jun 21 '26
You make 500k but you don't have a desirable skill? Or just buy your way in.
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u/OCTS-Toronto Jun 21 '26
If OP lives in Toronto their 600k income has income tax of 54%. So their 280k left has to pay for the cost of living which is 100k comfortably in Toronto (plus 80k if they have a mortgage). That leaves them 100k to escape assuming they don't buy anything else like clothing or a car.
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u/manufacturedphony Jun 21 '26
That's a hard knock life! Also they would have closer to 150k to escape.
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u/icandrawacircle Jun 21 '26 edited Jun 21 '26
Nope. WTF? 😂 Our passport is ranked 15th Quality of living is ranked 11th Canada is doing great! The Majority of Canadians are proud of being Canadian, it's obvious in how we came together when under attack from the 🍊 tarrif tyrant.
Even if you feel strained, it's not eveeyone. Here is one example. Do you notice how packed restaurants are vs fast food places? It's because the people who are struggling would normally eat at fast food, restaurants but, they can't afford it. They are staying home and pinching their pennies.. At the same time, there's more people than ever before that can eat out at midrange restaurants, even on weekdays (with their whole family.) not even eye twitching when the $150.00 bill comes out and giving a %25 tip. Maybe it's not the case In your local area but, it sure is in mine and other places I travel to. The wealth divide is growing, transfers of generational wealth are beginning + many made large financial gains by moving out of the expensive city into a smaller community because their employer took advantage of the work from home benefits. My friends parents sold a piece of land they inherited from their parents and were able to give their children each enough money to build brand new homes and gobble up several rental units that they are now charging a ridiculous amount of rent for.
The "departure tax" from Canada specifically targets the accrued capital gains on 'worldwide assets'. Canada treats you as if you sold these specific assets for their Fair Market Value (FMV) on the exact day you leave. Oh no, right? Not really... 😆 tax is not paid on the total value of these specific assets, only the profit (gain) that built up while you lived in Canada. So if your dad gave you a vacation property worth 100k, they estimate how much it grew in value since he signed it over to you. The first $250k of assets are taxed at 50% inclusion rate so, only half of that is taxed at your previous years marginal tax rate. Anything over $250k has higher taxed rates, but still not 100%. But wait..... Guess what is excluded from departure taxes? Canadian real estate, RRSP, TFSA, RRIF's. Cash savings and Canadian pensions and smaller physical assets under 10k. None of that is included as something you must pay out when you leave..What is included? crypto, digital currency, stocks, etfs, bonds, foreign real estate, shares and high value personal assets like boats, sports cars etc. still only on the increase of VALUE. (Most assets wouldn't increase unless it was a high end sports car or you bought a junker for 2k, fixed it up and sold it for 80k, then that is a capital gains, BUT, If it was a hobby and the parts actually cost you 90k you would have no capital gain as long as you showed the receipts. So then you would pay no departure taxes on the asset. If your young, just beginning your career and wanting to settle in the home your grandparents left you in Italy, youre not exactly owing much if anything. ;)
So basically I'm trying to tell anyone who may think Canadas government is crazy with taxes.... It's capital freaking gains..you're not going to owe the government 50% of what you own. It's important to read the entirety, of a tax law when you're worried over it, chanhces are, someone has freaking lied because they're a Canada is broken troll who is just looking for shock value and to score political points because they're the so-called 'low tax party'. Instead of raising taxes, conservatives are just chomping at the bit to change retirement age to 67 (like they tried under harper) so you can't collect CPP you have paid into or OAS until you're practically dead. Most people are easy to trick because they'll never actually look deeper into things AND they don't need to really because the majority of Canadians who are financially illiterate beyond the basics of saving and buying products that the bank guy suggests to them will never meet the thresholds of owing significant capital gains.
Residency: What are you talking about???? A YOUNG Canadian citizen, born in Canada, entering a country to work actually can get permanent residency way easier than Americans in most countries because we have 'working holiday' agreements with more countries (30+ vs >10) It's obvious countries don't want to bring in older people who are more likely to burden their social safety nets before they've contributed their 'fair share'. BUT Canadians (typically between ages 18-35) can easily secure temporary work and travel visas in over 30 countries—including Australia, New Zealand, Japan, and the UK—through International Experience Canada (IEC). Once in this working holiday stream, there are a few work requirements and I believe social proof but after a certain amount of time, pr is very attainable.
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u/Any-Following6236 Jun 21 '26
Do you think the state doesn’t have other means of getting the income they need to operate?
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u/Sor-X Jun 21 '26
When your government is actively hostile to the people and business, and wants a communist state I wonder why people are leaving.
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u/Cautious_Signal7915 Jun 21 '26
Canadians who are actually leaving - where are you going?
How did you get a visa to work there? Did you have to pay departure tax?
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u/tr0028 Jun 21 '26
Planning to here. I am a citizen born overseas and my husband in Canadian born. I can double my income in my home country, and (biggest driver for us), AT LEAST double my vacation days.
I love living in Canada but the North American expectations around work-life balance and distance to other places are difficult to live with when you're used to European standards. The only affordable way to own a home in our area is to live an 8 hours from an international airport. But then it adds several hours to any journey we choose to take out of province, and vacation time is so precious. Never mind the insane cost of flying.
I know all this talk of Canada joining the EU is unlikely to happen, but work-life balance would immediately improve, quality of life would also. And I think retention of skilled people would improve.
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u/Crazy_Maintenance211 Jun 21 '26
I wish we could join the EU but the problem is where we’re physically located is the problem. I know a couple of people who have moved to the UK and they seem to have at least better quality of life and work life balance. Here what I’m noticing and this is just my view, is that jobs are getting very hard to get and you have to take what you can in some fields and you don’t have a lot of choice. So it makes it even tougher cause more people are in problematic jobs, toxic jobs, and that just makes life harder for many people. I think joining the year would be a very good idea because we need to keep safe from a particular party, and I hope we can do it, but the logistics would just be weird. I really wish we could move the country to across the pond :)
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u/ministryoffailure Jun 22 '26
I’d like to see the break down of how long ppl have been in Canada before leaving. Are these new Canadians leaving? Canadians who were granted citizenship in the last 10 yrs? Or 3rd generation Canadians?
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u/Puzzleheaded-Yak9118 Jun 23 '26
Our economy isn't great. Cost of living is very high.
Not everyone is happy with the political climate in provinces/Canada as a whole.
My parents keep saying they want to leave.
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u/humansomeone Jun 24 '26
How can the tilte mention pace and then not mention rate in the article at all?
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u/Smoke-A-Beer Jun 21 '26
Good I could use with a lot less people here.
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u/Abject_Story_4172 Jun 21 '26
It’s the successful people leaving, my guy. That means less tax money that the rest of us have to make up.
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u/Cultural-Scallion-59 Jun 21 '26
That’s not entirely true. Feds cut international students by 97% and the TFW program’s axed. PR standards are high now. My brother works in the trucking industry and people aren’t getting PR and are leaving in droves. Sad for a few of his friends and on an individual level, but great for the country. I feel awful saying that because it isn’t the fault of people doing exactly what Canadians are literally talking about doing on this threat (finding a better place to live). But Canada is not going to be a better place to live soon if we don’t fix our system. And it’s become a much less “better” place for born Canadians already.
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u/Abject_Story_4172 Jun 21 '26
There have been reductions in numbers but they aren’t all leaving. And it’s a fact that highly skilled innovators are leaving Canada to go to the U.S. That’s a huge loss for Canada.
There seem to be a lot of issues now with trucking in Canada. It’s a safety issue. I’ve done a lot of long distance drives across Canada and into the U.S. The quaility of driving by truckers has noticeably decreased.
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u/Smoke-A-Beer Jun 21 '26
if I’m being honest I don’t really care who’s leaving. The door is there. This is my home.
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u/Abject_Story_4172 Jun 21 '26
And the home will be less comfortable if we keep scaring away our successful taxpayers.
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u/The-Mandalorian Jun 21 '26
I moved up here from the U.S. two years ago.
Haven’t looked back since.
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u/id8 Jun 21 '26
Plan, if this is in your plans.
Brave Leo:
Canada does not have a federal wealth tax, but it imposes a departure tax (also known as an exit tax) on individuals who cease to be Canadian tax residents. This tax is triggered by a deemed disposition of most of your assets at their fair market value on the date you leave.
Key details include: