Capital gains tax changes could fuel a startup exodus, leaders say
Capital gains tax changes could fuel a startup exodus, leaders say
Feedback from Canadian tech startup founders about the federal government’s 2024 budget suggests the capital gains tax changes in particular could trigger an exodus of companies and leadership.
Nearly 45 per cent of startup leaders who responded to a post-budget survey by regional innovation hubs MaRS Discovery District, Communitech and Invest Ottawa say the capital gains tax changes have led them to consider relocation outside the country.
“After 11 …