Canadian tech firms think capital gains policy change will hinder industry: survey

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Survey Respondents,Council Of Canadian Innovators,The Canadian Press

A new survey of Canadian tech companies reveals 90 per cent of respondents think the federal government's changes to its capital gains policy will have a...

A new survey of Canadian tech companies reveals 90 per cent of respondents think the federal government's changes to its capital gains policy will have a negative effect on the industry.

Some 86 per cent feel the capital gains changes will hinder their ability to attract and retain talent, especially in a Canadian tech environment that 50 per cent characterized as "unhealthy." Tech workers are particularly affected by capital gains changes because they tend to be well paid and many own stock options or their own companies.

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