You will find because of our liberal country expansion policy and the lack of a realistic industrial/education and support policy, that Canada has a serious underemployment, unemployment and cash-crunch problem.
Successive socialist Canadian governments have refused to support mining, which constituted 40% of our foreign exchange. They had their head in the clouds about Canadian ownership and social agendas. Education and industrial/technological growth has been neglected.
IF in the 50's Canada had bought its superior military jet, the AVRO-1, from AV Roe in Toronto, then we would have had a burgeoning aerospace and electronic manufacturing industry, second to none in the world. Instead, we heard platitudes about "defense is about getting the best aircraft not supporting something home grown". It just so happened that the AVRO-1 WAS the best aircraft, so the Diefenbaker excuse did not work. And it was highly likely that at least Britain and Australia would have bought some planes from us.
Canadians themselves bred from generations of intellectually inferior field-workers who were brought here by arrogant slave-oriented governments, are not interested in investing in their own country's businesses, as their imaginations and thinking capacities are simply not good enough to consider the benefits of such a course of action. If we want money we have to go overseas to Britain, Germany or the to the US. Most of our large businesses, and our entire auto industry is foreign-owned. The majority of large industrial sectors are NOT majority owned by Canadians. We build American jets, American cars, most of our pulp and paper industry is US owned and our Iron mining industry is either US or US-shareholder owned.
What the Canadian government has chosen to do about foreign ownership, is to try to prevent foreign companies from coming into the country by such things as FIRA and CIDA. This is not a solution. The solution is to offset the risk to the tax payer by allowing investors to build companies that are 100% Canadian owned, with generous tax deductions for investment in them.
Why shouldn't a tax payer have a tax deduction for any investment? It is a capital expenditure by a person in a business project - The same as a company expending loan capital. Another thing to do, is to take off any taxes on personal capital gains, and allow capital losses to be deducted from any other gain, such as income. A loss is a loss. There should not be a penalty because the loss is in investment. We have crippled growth by our wrong headed notions about capital.
Short-sighted governments, who viewed "revenue" as a holy word, meaning only how much tax a government could collect, have, for generations crippled Canada's growth through excessive taxation. They had lifetime free capital gains allowances, and they took it back during a period of good growth and high government revenues! The purpose? It appears that it was to limit the investment in mining ventures! They had no other way of meeting budgets? They could not reduce government expenditures and the size of government. Let me tell you, the size of government in Canada has not declined one iota since 1980. Our civil service is the largest per capita and the most expensive in the world. Soldiers in the Canadian army make more than some engineers, technicians and most office workers do in anywhere else in the world. Constables in Canada make $65,000 a year. Members of Provincial Parliament in Ontario make $105,000 a year with their new 28% pay raise. And who recommended this pay raise? And "independent" government stooge, not doubt looking for favours. So it's allright, he was "independent". The pay raise stays.
All the political promises to cut costs have been hooey. -- Lies.
Stay in the States. You are better off and better governed. There is more money and more opportunity. In all my travels stateside the difference between Canadian standards and the US has been so blatant is has been embarassing.
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