That's too far fetched. They're more likely to start a company in their own country than Canada.
"Garnett Picot and Yuri Ostrovsky revealed based on data from 2016 that immigrants are 41.7 per cent more likely than Canadians who were born in Canada to either start a business or be self-employed.[...]Leaving aside self-employment, immigrants were found to be 30 per cent more likely to own a privately-incorporated business that provided jobs for others than were native-born Canadians."
And maybe even more important, from US data:
"Immigrants have started more than half (319 of 582, or 55 per cent) of America’s start-up companies valued at $1 billion or more,"
IIRC among AI related startups the number of immigrant founders or co-founders is even close to two-thirds. Attracting top tier human capital is pretty much North America's greatest advantage.
https://www.immigration.ca/immigrants-start-more-businesses-...
Not "in general, Immigrants formed corp more than Canadians born in Canada".
US is different. Cost of business in Canada is high due to red-tapes and lower RoI than US (plus less Capital to go around).
The romanticization of Indian programmers creating a successful tech company in Canada (just like they did in US) is just that for now, romanticization.
Indian, specifically Punjabis, done better as Entrepreneur in non-tech in Canada.
Hence, far fetched.
This notion that Bob from Podunk rural Canada with an IQ of 80 competes with an immigrant with a PhD makes no sense. The latter finances the welfare of the former. You need to create wealth first before you can redistribute it and keeping the strongest wealth creators out of the country is one of the stupidest damage you can inflict on yourself.
This sarcasm drenched replacement fantasy is the exact opposite of reality. Only if you have a strong economy you can continue to maintain public welfare.