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If they're Canadian citizens, then aren't they still getting taxed? If by "Canada loses", you mean that they lose entrepreneurs, then it seems like (from what t
by rewq4321 7y ago
If they're Canadian citizens, then aren't they still getting taxed? If by "Canada loses", you mean that they lose entrepreneurs, then it seems like (from what the startup scene people were saying in that article) the opposite is actually occurring.
Also, if your hypothesis were true, you probably wouldn't see an influx of big companies (e.g. Google, Microsoft, Intel, Uber, etc.) opening shop in Canada - the companies are obviously moving to the people in this case. Seems fairly obvious to me (as an Australian looking at options for permanent residence in the US) that the US has sabotaged its brain draining ability in the last few years.
- frequentnapper 7y agoYou can be a non resident Canadian and only pay US taxes
- CalRobert 7y agoTaxation is based on residency, not citizenship, for all nations bar Eritrea and the US.
- frequentnapper 7y agoI'm a Canadian naturalized citizen. I am currently in Japan. In the last few years since obtaining PR became a piece of cake, I have seen Indians and Chinese coming here for a masters in a technical field (which are now a joke to get into and graduate from as long as you can pay tuition), obtain a PR in less than year after graduation, 3 years after that a citizenship, apply for TN visa and get a job in US easily. Why? Because it's very easy to do so and rent/property prices in Vancouver/Toronto have skyrocketed but tech salaries are nothing compared to what you can make in US in USD. Also taxes, cost of living, etc. in select states in US (texas for example) are much lower. Even in seattle, etc. you pay higher rent, but your salary more than makes up for it. Canadian policy basically makes sure that we lose the brightest to US .