The C.D. Howe Institute has stated, “High personal taxes disadvantage Canada in the competition for global talent.” Watching the recent exodus happening in the U.S. from the highest-tax states, like California, to lower-taxation states, we should recognize that we face the very same risk as a nation. Tesla, Hewlett-Packard, Charles Schwab, SignEasy, QuestionPro and others have all moved out of the state. Canada isn't immune to the impact of high tax rates, both personal and corporate.
How does this budget tackle the problem of Canadian business leaving the country for more supportive countries?