Briefing

Scheer pledges support for entrepreneurs, but won’t commit to lifting stock-options cap

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Asked after Monday’s leaders’ debate whether he would cancel the $200,000 yearly ceiling on the value of options individuals can claim at a lower rate, which will take effect in 2020, the Conservative leader said his party “certainly [doesn’t] believe in higher taxes.” But he did not commit to cancelling the cap if the Conservatives form government. The current Liberal government introduced the measure in its 2019 federal budget, and a three-month consultation on an exemption for “start-ups and rapidly growing Canadian businesses” ended in September. (The Logic)

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