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TMX Group鈥檚 action plan to boost long-term growth and competitiveness

Canada is at a pivotal moment. To enhance economic security and ensure our future prosperity, we need policies that make us globally competitive, reward entrepreneurs and investors for taking risks, and create stable, high-paying jobs for Canadians.

TMX Group recommends six actions the next Canadian government can take to ensure our country is seen throughout the world as a great place to invest and do business:

  1. Allow Canadian companies to deduct the full capital costs of their investments
    1. Allow Canadian businesses to deduct 100% of their capital investments for tax purposes, at the outset of a project, from the very first dollar.
  2. Lower capital gains tax on Canadian investments in Canadian companies
    1. Incentivize investment by lowering the capital gains tax on Canadian investments in Canadian companies.
  3. Make the Mineral Exploration Tax Credit (METC) permanent
    1. Make the METC permanent to bolster investor confidence and foster long-term growth in our mineral exploration industry.
  4. Expand flow-through shares to other growth sectors
    1. Expand the use of flow-through shares to other sectors, such as health care and technology, to drive investment and innovation in Canadian companies.
  5. Create an investment-friendly environment for major projects
    1. Introduce measures that would increase certainty and reduce friction, such as a "one project, one assessment" approach.
  6. Provide equal access to innovation support
    1. TMX successfully advocated for expanded eligibility for the enhanced Scientific Research and Experimental Development (SR&ED) tax credit to Canadian public companies. The next Canadian government should enact these changes.

 

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