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Tech Industry Leaders Warn Trudeau Government's New Capital-Gains Tax Increases in Budget 2024 Will Stymie Entrepreneurship
Thursday, April 18, 2024
Vancouver, BC, April 18, 2024--Ottawa's increase to capital-gains taxes will have a chilling effect on the innovation economy and impede investment and risk-taking, technology industry leaders said after the release of the federal budget this week.
The changes, they said, could discourage founders and tech workers from starting companies in Canada and deter venture funding by reducing the profits that investors can earn.
"The tech industry is viewing this budget as hostile," Benjamin Bergen, president of the Council of Canadian Innovators, a technology industry group, said in an interview.
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Globe and Mail Posted: Apr 18, 2024 |
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