Ryan Beedie is the president of Beedie Development, and a dedicated philanthropist. He is a member of the Order of British Columbia and in 2023 was named Business Leader of the Year by the Canadian Chamber of Commerce.
As the owner of a large Canadian business, I would like to illustrate how this change will directly and immediately affect the allocation of capital for our company, and companies like ours – which will, in turn, negatively affect investment and philanthropy. Second, we invest millions of dollars into philanthropic initiatives, among them scholarship programs, hospital expansions, food banks, below-market housing and other causes. A higher inclusion rate on capital gains will reduce our company’s ability to invest in these ways.
The government has claimed that very few people will be affected by this change, but this could not be further from the truth. When our company isn’t able to invest as much, then industry,For example, in assessing what this change means to our decision making, I have considered a B.C. mining project in which we are the lead investor.
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