Making his third policy announcement in three days amid widespread expectations of a federal election call, Erin O’Toole said in Waterloo, Ont., he’d cut income taxes in half on Canadian-developed tech, allow startups to use flow-through shares akin to those allowed in mining exploration, simplify the federal scientific research and experimental development (SR&ED) program, and create a Canadian Advanced Research Agency. (The Logic)
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Making his third policy announcement in three days amid widespread expectations of a federal election call, Erin O’Toole said in Waterloo, Ont., he’d cut income taxes in half on Canadian-developed tech, allow startups to use flow-through shares akin to those allowed in mining exploration, simplify the federal scientific research and experimental development (SR&ED) program, and create a Canadian Advanced Research Agency. (The Logic)
Talking point: The Conservative promises tick boxes on wish-lists from groups like the Council of Canadian Innovators (the SR&ED reforms, flow-through shares and tax breaks for Canadian technology) and the Business Council of Canada (the advanced-research agency). The CCI hailed O’Toole’s package as “a serious plan” to make Canadian innovators more competitive. Meanwhile, the still-governing Liberals announced a $35-million deal with Prince Edward Island to expand its pharmacare programs, and NDP leader Jagmeet Singh hit Halifax to criticize what he says are the Liberals’ two decades of allegedly empty promises on pharmacare.
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