How Tax Policies and Healthcare Costs Influence Canadian Immigration to the US
If you like this content subscribe to my stories here
Immigration trends are fascinating, especially when they reveal deeper economic and social dynamics. Recently, I’ve been looking into why many Canadians are choosing to migrate to the United States. Spoiler alert: It’s all about the taxes and healthcare!
The Tax Situation in Alberta vs. California
Let’s dive into the numbers. Alberta, known for its “Alberta Advantage,” boasts some of the lowest income tax rates in Canada. However, when you combine federal and provincial taxes, things add up quickly.
Alberta Tax Breakdown
For a high earner making CAD 300,000, here’s the breakdown for 2024:
California Tax Breakdown
Now, let’s look at the taxes in California for someone making USD 300,000:
Sales Tax and Healthcare Costs
But taxes aren’t the only factor. Let’s talk sales tax and healthcare.