Tag Archives: Small business access to capital

Federal Tax Proposals – Another Blow for Small Business Capital-Raising (IIAC Blog)

Federal Tax Proposals – Another Blow for Small Business Capital-Raising (IIAC Blog)

On July 18, 2017, the federal government unveiled proposed changes to address tax planning strategies involving the use of private corporations. The government is concerned that so-called wealthy Canadians are exploiting tax “loopholes” and the tax system must be made more fair. This is highly misleading. Business owners are following existing tax rules that are legislated, clear and in effect for decades.

The tax proposals have created a firestorm of protest. In my latest Letter from the President, I focus on the proposed tax treatment of passive investment income in private corporations and the potential … Continue reading →

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Facilitating Access to Equity Capital for SMEs (IIAC Blog)

Facilitating Access to Equity Capital for SMEs (IIAC Blog)

In the last three years, the estimated dollar value of financing in public and private markets for listed small businesses has fallen by half, to just over $1 billion a year. Equity financing for private small companies through the venture capital markets has increased steadily in this recent three-year period but is still averaging just over $2 billion a year. The domestic venture capital funds are an important, albeit relatively modest, source of equity capital for small business, reaching overall annual funding of about $1 billion a year, slightly less than U.S. venture capital investments in … Continue reading →

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Facilitating SME Access to Equity Capital (IIAC Blog)

Facilitating SME Access to Equity Capital (IIAC Blog)

Creating an environment favourable to entrepreneurship, enterprise formation and small business growth requires a broad range of mutually reinforcing and supportive policies.

In my latest Letter from the President, I explore ways to facilitate small and medium-sized business access to equity capital.

Click here to read the IIAC’s recommendations.

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What Does the IIAC Want To See in the 2016 Federal Budget? (IIAC Blog)

What Does the IIAC Want To See in the 2016 Federal Budget? (IIAC Blog)

The Investment industry Association of Canada (IIAC)’s pre-budget submission is now available online.

In its submission, the IIAC commended the federal government for its efforts to balance the books, improve the business tax landscape and make it more attractive for Canadians to save in TFSAs and RRIFs. 

At the same time, the IIAC noted that weak global economic conditions and depressed energy prices have placed a stranglehold on economic growth. The pullback in investment in the energy sector will reverberate across Canada. Also of concern is the fact that non-energy exports remain depressed, even after the Canadian dollar’s … Continue reading →

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