Special Report

What the Liberals’ throne speech means for the innovation economy

Prime Minister Justin Trudeau waits for Gov. Gen. Julie Payette to deliver the throne speech in the Senate chamber in Ottawa on Wednesday, Sept. 23, 2020. The Canadian Press/Adrian Wyld

The federal government’s throne speech on Wednesday promised to extend key COVID-19 business-support measures and launch a raft of new incentives and funding programs targeting cleantech, worker training and connectivity for the post-pandemic economic recovery. It intends to pay for those plans in part by reviving proposals to tax stock options and tech giants.

Specific amounts and program details will have to wait until Finance Minister Chrystia Freeland’s fiscal update later this fall. Until then, here’s what you need to know about what the Liberals have planned.

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