Oh, François-Philippe Champagne, bless your heart—are you truly this delusional, or just auditioning for a role in a dystopian reboot of The Decline and Fall of the Canadian Dream? Tweeting about "reforming" SR&ED like it's some magic elixir to lure tech wizards north, when the exodus is already a full-blown stampede? Please. Why on earth would anyone drag a tech company to Canada in 2025, when your government's incompetence has turned us into the world's most overtaxed petri dish for brain drain?
Let's get factual, shall we? Venture capital funding cratered 30% from $10.3 billion in 2022 to $7.1 billion in 2023, and it's still sputtering in 2024—investors fleeing faster than rats from a sinking igloo. Foreign investors dumped $11.4 billion in Canadian shares in a single month this year, while a record 29,186 of our best and brightest emigrated in Q1 alone. Tech founders? Only 32% of Canadian-led high-potential startups stayed headquartered here in 2024, down from double that in 2019—half now flock to the U.S. for sanity. Your capital gains tax hike, projected to suck $19.4 billion from entrepreneurs over five years, isn't "reform"; it's a "please leave" sign. And talent? Nobody wants to work here because salaries lag 20-30% behind U.S. peers (hello, USD vs. loonie), while top earners face effective tax rates up to 54% federally-provincially—double or triple U.S. levels for growing firms. Underemployment hits 27% of skilled immigrants, despite "shortages," because who stays when visas take three years vs. 13 days south?
Nobody wants to live here anymore, François—housing crises, burnout from your regulatory red tape, and a productivity gap where top earners account for two-thirds of our U.S. lag. It's sickening you don't grasp this: Parliament's gross incompetence—bungled immigration, stifled innovation—will etch this as Canada's darkest era, a cautionary tale of squandered potential. Wake up, or keep tweeting into the void.
#TechExodus #TaxHavenNope #DelusionalDome