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“We’re not being aggressive enough as a country or as a province around thinking about the global competition for talent and what we need to be doing as an economy to attract that talent and, more importantly, retain Canadian talent in the marketplace,” said Greg D’Avignon, CEO of the Business Council of BC.
“Top Canadian talent who would potentially have a career here are starting to move abroad, particularly in the U.S. but also into Europe, Latin America and elsewhere.”
He said factors such as the foreign-buyer’s tax, higher income taxes compared with the U.S. and the high cost of housing are working against efforts to attract top C-suite talent to B.C.
D’Avignon said the province could be at risk of losing more headquarters and executives if a CEO does not wish to be based on the West Coast.
