Canada losing top talent as workers head to the U.S.

# Summary Canada is experiencing a "silent brain drain" as highly skilled workers, entrepreneurs, and STEM graduates migrate to the United States due to stronger compensation, career opportunities, and lower taxes. The problem is driven by Canada's high marginal tax rates (above 50% in some provinces at relatively modest income thresholds), weak productivity growth, limited business scale-up opportunities, and lower venture capital availability compared to the U.S. Addressing this talent exodus will require Canada to improve economic competitiveness, business investment, and conditions for domestic firm growth.