TD report on CANADA's BRAIN DRAIN is really interesting. Canada is quietly losing its top talent to the United States in what economists call a silent brain drain. While Canada does a strong job educating highly skilled workers in STEM, engineering, and entrepreneurship, it struggles to keep them due to higher taxes that kick in at much lower income levels, limited opportunities to scale companies, weaker commercialization of ideas, and much better pay and growth potential south of the border. -> Talent leaves mainly through temporary US work visas rather than permanent moves -> Outflows are heavily concentrated among the highest skilled, especially in tech and advanced degrees -> Onward migration is worst among immigrants and top university graduates -> Canada has a missing middle of medium sized firms, relying instead on many tiny businesses and a few large ones -> Personal tax rates often exceed 50 percent in major provinces and apply at much lower thresholds than in the US -> Complex corporate tax rules push entrepreneurs toward tax planning instead of growth All of this weakens productivity, innovation, and domestic returns on education, making Canada a feeder system for the US economy REPORT: economics.td.com/ca-silent-b…