90% of Canadian tech firms surveyed expect negative impact from federal capital gains tax policy change.
90% of Canadian tech firms surveyed believe the federal government's changes to its capital gains policy will negatively impact the industry. The Council of Canadian Innovators' survey of 143 tech leaders found that the hike in capital gains tax to two-thirds from one-half will have a detrimental effect on the sector. The change, which took effect in June, also applies to individuals with capital gains above $250,000.
July 18, 2024
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