Lightspeed CFO Brandon Nussey, Ceridian CEO David Ossip and SOTI CEO Carl Rodrigues are concerned that individuals receiving more than $200,000 worth of shares will be affected by higher taxes, making it harder to attract top talent. (Globe and Mail)
Talking point: The new measures are designed to target employees at “large, long-established, mature firms,” but won’t affect startups and “emerging Canadian businesses,” according to the budget. It doesn’t define what constitutes a startup or emerging business, however. It’s unclear if more established tech firms like Lighstpeed—a 14-year-old company that went public earlier this month and currently has a market cap of $1.8 billion—will be affected. Tech companies have dodged similar tax increases before. In 2016, the government dropped a plan to tax stock options gains in excess of $100,000 that would have affected small companies as well as more established ones.