The recent interest in the migration of highly skilled Canadians to the United States—the so called brain drain—continues to receive considerable coverage in the media.
Document Highlights
In its efforts to redress many of the factors that influence departing Canadians, the February budget sought a balance between increased program spending in many key areas and the need for tax relief. It also sought to provide more manoeuvring room for Canadian organizations wanting to offer more innovative compensation packages involving stock and stock options. However, it left a number of questions unanswered.
This report updates the January 1999 Conference Board study entitled Personal Taxes: How Green Is the Grass on the Other Side? Its intent is to quantify the impact of the federal budget on the tax wedge, one of the key factors contributing to the brain drain.
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