Is Canada Beyond Repair? What The 2025 Elections Won’t Fix
On March 14, 2025, Mark Carney—former Bank of Canada governor and globalist darling—was installed as Canada’s new Prime Minister after taking over...
6 min read
On March 14, 2025, Mark Carney—former Bank of Canada governor and globalist darling—was installed as Canada’s new Prime Minister after taking over leadership of the Liberal Party. Just two weeks later, on March 28, he called for snap federal elections, set for April 28, 2025.
And now, Canadians are being dragged into yet another election cycle—battered by the long-term fallout of Justin Trudeau’s disastrous economic policies. Meanwhile, Trump’s tariff threats have sent the country into a wave of nationalist frenzy. Canadians are fully aware that things are extremely bad, but what makes the situation even worse is that they feel completely directionless. Each so-called political "choice" presented to them is a different variation of the same broken system, offering no genuine solution.
This hopelessness didn’t happen overnight. We saw this coming during the Covid hysteria. In 2022, peaceful truckers, The Freedom Convoy, protested for medical freedom. The government called them extremists and froze their bank accounts - and even those of people who simply donated - without trial or due process. The illusion that Canada is some shining beacon of civil liberties has been shattered completely for anyone paying attention.
Canada’s political arena is a mess. Debates over national security, economic resilience, and Canada’s shaky relationship with the U.S. are front and centre. And I don't think these new elections will change anything.
The real question is this: do any of Canada’s current leaders have what it takes to truly reinvent the country? To break the cycle of decline and chart a bold new path forward?
I wouldn’t bet on it. The truth is, no politician—red, blue, or otherwise—is going to make the hard choices needed to restore our freedom and rebuild prosperity. And frankly, most Canadians aren’t even aware of how deeply the foundations of their society have been eroded after years of statist, progressive rot.
Now, we’re going to look at all of this head-on. Let’s dive into what’s really going on with Canada’s upcoming elections—and why it matters more than ever.
Although Canadians seem united under the pressure of US President Donald Trump’s tariff wars, aside from boycotting American goods and tariff retaliation, strong leadership is missing to lead the country out of uncertainty. The elections appear to be deepening this uncertainty even further.
Trump's tariffs have shaken things up between Canada and the U.S. After Trump announced a 25% tariff on all automobiles imported into the United States on March 26, 2025, Carney declared on March 27, 2025, that the U.S. isn't a reliable partner anymore. He emphasized this big policy shift with these words: "The old relationship we had with the United States based on deepening integration of our economies and tight security and military cooperation is over."
Who is going to lead Canada in this era of great change? To me, both Canadian options, liberal Carney and conservative Pierre Poilievre, are just two sides of the same coin.
Mark Carney was never elected. There was no campaign. No public debate. Just a quiet resignation from Justin Trudeau — and suddenly, Carney was Canada’s new Prime Minister. Handpicked behind closed doors. Installed by the same political and financial elite, he’s served for decades. He’s the former Governor of the Bank of Canada and the Bank of England. He’s worked with the United Nations and aligned himself closely with the World Economic Forum. And now he leads the Liberal Party — without a single vote cast.
His opponent? Pierre Poilievre, leader of the Conservative Party. He talks a big game — freedom, tax cuts, fighting the elites. But the truth is not what it seems like. Poilievre has been a politician since he was 24 and spent twenty years inside the system. He knows the lines, and he rarely crosses them.
Carney is a polished globalist. Poilievre is the career insider dressed up as a rebel. One was installed. The other wants to be elected. But neither is offering real change. They are just two versions of the same broken script.
With inflation surging and the loonie losing value, Canadians now count change at the checkout. Decades of mismanagement have made everyday shopping a quiet act of economic despair
As a Canadian expat, I've watched election after election filled with big speeches and foolish promises. But here's the truth no one wants to admit: Canada isn't heading for renewal—it's stuck in a cycle of empty rhetoric, growing state control, and cultural confusion. This current election won't change that. Here’s a quick look at the key issues and the solutions suggested by Canada’s political parties.
Let's start with economic growth, or rather, the lack of it. Canada's economy has declined for many years because of excessive public spending, growing debt, massive regulations, and a shrinking private sector. You can't tax, regulate, and subsidize your way to prosperity and freedom. Real growth comes from productivity, innovation, and economic liberty.
Every major party is fixated on redistributing wealth instead of creating it. The Liberals and the socialist New Democratic Party (NDP) push massive spending plans funded by more taxes. At the same time, the Conservatives talk about growth but still accept the welfare state as untouchable. No one favours small government, cutting spending, or removing the barriers choking businesses.
What about the housing problem in Canada? Rent prices are out of control, housing supply is strangled, and the market is buried under layers of red tape. What do politicians offer? More government. The Liberals want to pour taxpayer money into subsidized housing projects. The Conservatives say they'll streamline housing development and construction processes, but they still want to be the central planner in Ottawa. The NDP promise state-run housing and rent controls as usual.
However, nobody talks about the real solution: deregulating the housing market. What needs to occur is simple: free up land and eliminate the endless regulations that prevent builders from building. Instead, every party wants to keep their hands on the wheel, and nothing changes.
Then there's energy. The so-called climate agenda has become a political religion in Canada, and everyone is expected to bow down. Trudeau's carbon taxes and green subsidies have punished families without creating any good for the environment. Liberals continue to shout more slogans and spend more. The NDP wants to shut down fossil fuels altogether, no matter how many jobs are lost. Even the Conservatives, who talk a good game about energy independence, refuse to challenge the climate orthodoxy head-on. No one is willing to say that the government shouldn't decide how we power our lives. Let the market lead, not Ottawa.
Regarding Trump's tariffs, Canada's political elite seems more interested in retaliating than solving the problem. Fighting tariffs with tariffs is just more punishment for Canadian businesses and consumers. The correct response isn't a trade war but free trade. Canada hasn't even removed the trade barriers between the provinces. Canadians must demand the removal of trade restrictions and stand firm in the belief that open markets and voluntary exchange create real prosperity. Instead of these obvious solutions, every party retreats into the same tired script of state-managed trade and protectionism wrapped in nationalist slogans.
In addition to these huge economic issues, Canada is experiencing an alarming cultural trend. Woke ideology has taken hold in Canada's institutions, and no major party seems brave enough to push back. The Liberals embrace it completely by rewriting policies, enforcing speech codes, and funding activism with taxpayer dollars. The NDP go even further, turning identity politics into their main agenda. The Conservatives occasionally criticize "woke excess" but stay quiet regarding policy. The result is nothing short of depressing. People fear speaking out in support of merit-based decisions because they fear being accused of opposing so-called diversity or inclusion quotas. This isn't progress—it's cultural decay.
In early 2022, the Canadian government froze the bank accounts of peaceful protestors who took part in the Freedom Convoy—a mass movement of truckers demanding an end to COVID mandates. There were no court hearings, no trials. Just executive orders and instant financial punishment. This was Canada’s wake-up call. But too many people hit snooze.
Since then, the trend has only worsened. Banks now openly work with government agencies to monitor and deplatform those with “unacceptable” views. Your money is no longer truly yours—it can be frozen or taken if your politics are inconvenient. This is financial repression, plain and simple. And the political class, regardless of party, has refused to defend the basic rights of Canadians to dissent, protest, or opt-out.
If this sounds like something out of China, you’re not wrong. But this is happening in Canada—and it’s not going away.
Ottawa may slap a $25,000 fee just to leave the tax system. It’s not law yet—but it’s a warning. Canada’s turning your exit into a crime. Get out while you still can
As if all these bad policies weren't enough, there may be another nasty surprise waiting for you. A rumour is circulating, and it's exactly the kind of thing you'd expect from a government desperate to keep you locked in. On top of the usual exit tax, Ottawa might be considering a $25,000 departure fee. It is just to process your exit from the Canadian tax system. It is not tied to your wealth— a flat fee for leaving.
It's not law yet, but they may build a financial wall to stop you from walking away. Today, it's $25,000. Tomorrow? Maybe $50,000, maybe more. If you are still hoping Canada will respect your freedom to exit Canada, you are not paying attention to the direction in which things are going.
Canada does not lack ideas, but it is drowning in bad ones. The country is being strangled with statist policies, endless regulation, and progressive ideologies, and politicians are terrified of challenging any of them. None of the parties offers a path back to freedom, responsibility, or sanity. The system isn't broken—it's working as designed to expand government and shrink the existence of individual liberty.
From where I stand, this election won't change Canada's course. Real change will only come when people are ready to stop asking what the government can do for them—and start asking how to move it out of the way.
It might be too late for Canada, but it isn’t for you. There is no better time to build your Plan-B than today. Start by obtaining our free report, ‘Plan-B Residencies & Instant Citizenships.’
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Written by Mikkel Thorup
Mikkel Thorup is the world’s most sought-after expat consultant. He focuses on helping high-net-worth private clients to legally mitigate tax liabilities, obtain a second residency and citizenship, and assemble a portfolio of foreign investments including international real estate, timber plantations, agricultural land and other hard-money tangible assets. Mikkel is the Founder and CEO at Expat Money®, a private consulting firm started in 2017. He hosts the popular weekly podcast, the Expat Money Show, and wrote the definitive #1-Best Selling book Expat Secrets - How To Pay Zero Taxes, Live Overseas And Make Giant Piles Of Money, and his second book: Expats Guide On Moving To Mexico.
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