10 Reasons People Are Leaving Canada: A Critical Analysis by Ahmed Mahiyan, CFA, CFP

In this analytical video, I dug data and explained 10 reasons why many residents, including immigrants, are contemplating leaving Canada. He delves into key issues such as the mismatch between job opportunities and immigrant skills, high tax rates, a faulty healthcare system, high living costs, difficulties in home ownership, unrelenting winter conditions, and increased social unrest. He also shines a light on the mismanagement of taxpayer money, the rise in drug abuse and homelessness, and the growing rate of violent crimes in some neighbourhoods. Despite these issues, while Canada might not be perfect, it may still be a better option compared to many other countries.

Timestamp
00:00 Introduction and Background
00:32 Understanding Canada's Need for Immigrants
01:37 Immigration Trends and Categories in Canada
03:25 Reason #1: Challenges Faced by Immigrants: Job Opportunities
05:46 Reason #2: High Tax Rates in Canada
08:02 Reason #3: Broken “FREE” Healthcare System
09:03 Reason #4: The High Cost of Living in Canada
10:33 Reason #5: Housing Crisis and lack of opportunities for homeownership
12:28 Reason #6: Long Cold Weather and Loneliness
14:00 Reason #7: Mismanagement of taxpayer’s fund and Canada's International Relations
15:49 Reason #8: Social Unrest and Division in Canada
17:03 Reason #9: Drug Overdose and Homelessness Issues
18:32 Reason #10: Increase in Violent Crime
19:14 My Thoughts: Weighing the Pros and Cons of Living in Canada

Highlights
💼 Job Opportunities: Skilled immigrants face difficulties finding suitable positions, leading to underemployment.
📈 High Tax Rates: The burden of high taxes, especially for high-income earners, is considered discouraging.
🏥 Healthcare Challenges: The free healthcare system faces challenges, including long wait times for family physicians.
💰 Cost of Living Pressure: Inflation has driven up the cost of living, particularly in major cities like Vancouver and Toronto.
🏠 Homeownership Challenges: Soaring housing prices, exacerbated by low-interest rates, make homeownership difficult for many.
❄️ Harsh Winters: The long and severe winter is a factor that some find challenging to cope with.
🤝 Social Integration and Loneliness: Immigrants may feel isolated, contributing to mental health issues.
🤑 Mismanagement of Funds: Concerns about how government funds are managed, citing examples of controversial spending.
🌍 Global Relations Impact: Canada's international disputes with China and India have created tensions.
🌐 Social Unrest and Hate Crimes: Debates on social issues and a rise in hate crimes are contributing to social unrest.
🚨 Violent Crime Concerns: There is a growing perception of an increase in violent crimes, including stabbings and gun violence.
💊 Drug Overdose and Homelessness: Persistent issues of drug overdose incidents and a high number of homeless people.
🚶‍♂️ Advice for Immigrants: Potential immigrants are advised to thoroughly research before deciding to come to Canada.

About FIRE Financial:
If you want to learn more about FIRE Financial and its services, please visit https://www.firefinancialinc.com/. Our specialization is providing financial advice to High Earners, Not Rich Yet (HENRYs), Muslim Canadians and anyone who wants to achieve Financial Independence.

WHO AM I?
If I haven't introduced myself before - I'm Ahmed Mahiyan, an ex-banker turned entrepreneur building a financial planning practice and working towards my private hedge fund. I quit my six-figure corporate job to escape modern-day slavery. Currently, I help my Canadian and American clients by providing advice on tax, investment, retirement, insurance, mortgage, estate etc. needs.
I am a Finance nerd, a Chartered Financial Analyst (CFA), a Chartered Market Technician (CMT) and a Certified Financial Planner (CFP), on the path to becoming financially independent. Through my videos here on this channel, my articles, and podcasts, I share practical strategies and tools to help you be more financially solvent and build a life you enjoy. The goal is to build wealth so that you can focus on the work you love.

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