I was born and raised in Canada. I know the stories we’re told: that the country stands for opportunity, fairness, and freedom. That it’s the best country in the world. Unfortunately, it’s not true. After travelling to over 100 countries and building a life for my family in Panama, where we enjoy real privacy, entrepreneurial freedom, and control over our future, I’ve seen just how far Canada has fallen.
If you’re still inside the Canadian system trying to build something meaningful, you need to hear this: Canada has declared war on prosperity. It’s no longer a land of opportunity. It’s a bureaucratic machine that punishes productivity, vilifies success, and taxes ambition into extinction.
In this article, we’ll look at what’s happening in Canada, from the capital gains crackdown to wealth destruction policies. I’ll show you where the numbers prove the system is collapsing, why this is about control, not fairness, and most importantly, how you can build your Plan-B before it’s too late.
Let’s call this what it is: economic warfare against the people who create value. If you’re still trying to build wealth inside Canada’s borders, you’re doing it with a bullseye on your back.
Every year, the government finds new ways to tighten the screws. They don’t want you to thrive; they want to tax you, regulate you, and keep you permanently under their thumb, while they try to brainwash you and your family with wokeism.
The Canadian government doesn’t care that you employ people, invest in the economy, or work 70-hour workweeks. All they see is revenue potential. If you’re productive, you’re a target. If you’re successful, you’re the villain. Canada has become a punitive state for the entrepreneurial class, and the more you build, the more they punish you for it.
You don’t need to take my word for it. The data is screaming. In the latest International Tax Competitiveness Index, Canada ranked 31st in the Individual Taxes Category and 26th in the Corporate Taxes category among 38 developed countries. That’s not a yellow flag—it’s a red siren.
With last year's federal budget, Canada increased the capital gains inclusion rate from 50% to 66.6% on all annual gains exceeding $250,000 CAD. That’s not just symbolic (although 66.6% feels like a message in itself)—that’s economic suicide.
I work with high-net-worth individuals and business owners on a daily basis. These aren’t fat cats sitting on inherited wealth. They’re self-made entrepreneurs. They build companies, create jobs, and innovate. And without exception, they’re all crafting their Plan-B.
Why? Because Canada has made it clear: success is something to be taxed, regulated, and demonized. With wealth tax proposals, attacks on capital gains, and alternative minimum tax traps, just talking about building wealth puts a target on your back. Even if these policies don’t pass, the signal is loud and clear: “We don’t want you here.”
The top 20% of earners already pay over 60% of all personal income taxes in Canada. What do they get in return? Red tape, public scorn, and constant threats of new confiscatory taxes.
This isn’t tax policy—it’s economic sabotage rooted in envy. The real goal isn’t to fund public services. It’s to consolidate power and limit mobility. The more they tax you, the more you’re forced to stay on the road to serfdom. It’s not about fairness. It’s about control.
The Canadian government doesn’t care whether the economy grows. All they care about is virtue signalling and centralizing power. That’s why investors are leaving. That’s why businesses are downsizing. And that’s why the middle class is disappearing.
Here’s where it gets even worse: the consequences of these destructive policies go far beyond personal finances or business margins. They’re dragging down the very foundation of Canada’s economy: its currency. When the most productive people flee, when investment dries up, and when confidence evaporates, what happens next is predictable. The Canadian dollar is falling.
The Canadian dollar is sinking, not by accident, but by design. Decades of mismanagement and inflationary policy are driving capital offshore and eroding Canada's economic credibility
The fall of the Canadian dollar isn't just a currency issue—it's a symptom of a deeper disease: systemic economic mismanagement. For years, the Canadian government has relied on inflationary monetary policy, central bank manipulation, and deficit spending to paper over structural weaknesses.
Instead of encouraging savings, productivity, and long-term investment, they’ve chased short-term political gains. Now we’re seeing the inevitable consequence: a dollar that buys less, saves less, and signals to the world that Canada is no longer a serious economic player.
Smart investors are already acting. They're moving their wealth out of the Canadian system, diversifying into hard assets, and securing second residences in jurisdictions that respect economic freedom.
If you're still holding out for the CAD to rebound, ask yourself: what in the last decade gives you any reason to believe it will? The writing is on the wall. The Canadian dollar isn’t falling—it’s sinking under the weight of its own failed policies.
You don’t need to stay trapped in a system that punishes success. Latin America is open for business—and for freedom. Across this region, you’ll find countries that offer low taxes, affordable living, accessible residency programs, and an overall respect for personal sovereignty. These countries don’t try to micromanage your life or confiscate your gains—they encourage growth, reward investment, and welcome expats with open arms.
In Panama, where I’ve lived with my family since 2019, you’ll find one of the most stable and accessible countries for expats. It has a territorial tax system (meaning foreign-earned income is tax-free), a dollar-pegged currency, and low inflation. Panama offers excellent infrastructure, strong property rights, and multiple visa options for investors, retirees, and remote workers. One major bonus? High-quality healthcare. Expats here can access affordable, modern medical care through both public and private systems, without the bureaucracy or wait times many are used to back home.
Paraguay offers one of the simplest and most affordable paths to permanent residency in the world. It’s a food- and energy-independent nation with a flat 10% income tax, and—just like Panama—foreign income isn’t taxed. The cost of living is extremely low, and the economy remains stable thanks to massive energy production and minimal government interference. It’s perfect for those seeking to plant flags and preserve wealth long term.
Costa Rica blends natural beauty with real expat benefits. You get territorial taxation, modern and affordable healthcare, and a range of visa options for retirees and entrepreneurs alike. Whether you're earning income from abroad or just looking for a peaceful, balanced lifestyle, Costa Rica delivers both comfort and financial freedom.
If you’re looking to protect your assets, secure a second residency, or simply enjoy more freedom and peace of mind, Latin America offers everything Canada no longer can.
Canada is no longer a place to build wealth; it’s where it gets taken. Escape before you’re trapped. No one is coming to save you. You are the plan. Start building your Plan-B today
Canada is circling the drain, and the country is beyond repair. With confiscatory tax policies, ideological warfare against the productive, and a collapsing culture of merit, Canada is no longer a place to grow wealth—it’s a place for it to be confiscated.
If you’re an entrepreneur, investor, or family builder, it’s time to leave. Not next year. Not after the next election. Now. It’s time for you to craft your Plan-B, because here’s the truth: no one is coming to save you. You are the plan.
I’ve done it myself. I’ve helped thousands of others do it, too. If you’re ready to reclaim your freedom, I can help you on this journey. Take the first step by downloading your free special report at Plan-B Residencies & Instant Citizenships. Escape now while it’s still an option.