Earlier quoted context omitted.
I'm a dual-citizen who has done software startups in both countries. The advantages of Canada are: - free health care, especially important for self-employed - retirement plan easier to contribute for self-employed - easier tax preparation (no AMT, no IRS 20 rules, etc.) resulting in lower overall taxes for self-employed with deductions - cheaper to hire educated people - no federal deficit, so no looming financial c…
no federal deficit, so no looming financial crisis Huh? Canada's debt-to-GDP is as bad as the US.
It isn't uncommon for Canada to quote a debt-to-GDP ratio based solely on federal debt. It isn't how most countries calculate their debt. Depending on exactly what you do include, Canada's debt-to-GDP is anywhere from 80% to a little over 100%.
Also, Canada has much higher household debt. It's well past 150% now.