Earlier this month, I was privileged to be interviewed by one of Canada's national morning news shows regarding the wave of Immigrant Entrepreneurs that are choosing Canada over the USA. I might have a bias. To me, the reasons seem self-evident:
Canada is consistently ranked the #1 Country in the world with respect to quality of life.
Our nation is renowned for its stable banking system.
We have a highly-educated work force.
You can easily access the US market and investors from here AND you get to live here ... not (ahem) ... there.
Canada enjoys favourable trade agreements with many other prosperous regions.
Canada promotes a strong start-up ecosystem, replete with business incubators, tax incentives, targeted investment.
Canada is a relatively peaceful and safe nation.
The uncertainty created by the immigration policies of the Trump administration are viewed as threatening to the success of Immigrant Entrepreneurs by many.
Broadly speaking, International Entrepreneurs seek two basic things when they choose a country:
Infrastructure that empowers prosperity
To feel comfortable in their new homeland
Therefore, a sense of stability, predictability with respect to the country’s laws, economy and political arena is highly important. Right now, it appears as if the USA is just not the place that provides that.
The amazing news is ... CANADA is the country that does.