Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Canadians Are Quietly Making This Shift

12 May 2025 · 1 min

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Short excerpt from a Richard Canfield YouTube video describing a trend where Canadian business owners open U.S. subsidiaries rather than fully relocating immediately. Motivations include providing greater opportunities for their children; tactics include moving key employees to the U.S. to build a U.S. business with the possibility of later closing the Canadian operation and rolling into the U.S. entity.

Chapters

We see a lot of clients who are making the move potentially to enhance their children's lives. Any parent who understands that this is the opportunity that I can give to my children, it really propels them into doing that. The other thing that I've noticed, too, is we have a lot of Canadians who have big businesses in Canada. They're not quite ready to sever Canada for the U.S. and what they're doing is they're opening a subsidiary in the United States. Some of them are taking key employees from their Canadian operation, moving them to the US and they're starting to build the US Business. And I think down the road, once that gets to where they want it to be, potentially, they may shut down the Canadian operation and just roll over into the US One.