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I don't think Toronto stands a chance. Americans would not move to Toronto because 1) Wages are much lower in Toronto and I don't see Amazon paying twice the pr
by harryVic 9y ago
I don't think Toronto stands a chance. Americans would not move to Toronto because 1) Wages are much lower in Toronto and I don't see Amazon paying twice the prevailing wage.
2) Americans would have to pay taxes in both Canada and America.
- bhickey 9y ago> Americans would have to pay taxes in both Canada and America. You deduct foreign tax payments on foreign earned income against your US tax bill. My assumption is that Canada has higher or comparable tax rates to the US which makes this a non-issue.
- jtbayly 9y agoIf the taxes are higher it makes it an issue again. Only if they are the same or lower in Canada would this be a nonissue.