Business Leaders Push for Capital Gains Tax Deferral to Retain Funds in Canadian Firms

More than 150 Canadian business leaders are calling on Ottawa to overhaul its tax framework to encourage greater investment in homegrown companies. Canadian entrepreneurs, corporate executives, financial backers, and trade groups have jointly petitioned Finance Minister François-Philippe Champagne to consider two policies they say will bolster domestic entrepreneurship and “create a cycle in which one Canadian success increases our capacity to produce the next.” “We believe two targeted tax changes can strengthen that cycle while complementing the government’s broader investment agenda,” the group said in an open letter to Champagne. The campaign, dubbed Bet on Canada, is led by the Canadian Venture Capital and Private Equity Association in partnership with the Council of Canadian Innovators....