Kris Rossignoli, Senior Private Wealth Manager at Cardinal Point Wealth Management, is featured in the National Post discussing a rising trend among Canada’s wealthy: the growing interest in relocating abroad. According to a new survey, 28% more Canadian millionaires are now considering emigration compared to the last federal election. This shift is largely attributed to concerns over quality of life, economic uncertainty, and a burdensome tax environment.
Rossignoli explains that many high-net-worth Canadians are exploring international options not just for tax relief, but for greater political and economic stability. He notes a growing trend of relocating wealth and assets to more favorable jurisdictions, with countries like the U.S., Portugal, and Italy offering attractive alternatives. Golden visa programs and higher earning opportunities are drawing attention, particularly among young professionals and entrepreneurs.
While Canada remains a globally appealing destination, Rossignoli and other experts warn that without targeted reforms to support business growth and reduce tax pressure, the country risks losing valuable contributors to its economy.
To learn more about these emerging trends and expert insights, read the full article in the National Post.