In a time where the economic landscape is constantly evolving, Canada finds itself at a crossroads. With all the components in place to thrive as an economic powerhouse, why are we still struggling to reach that potential? The answer lies in our ability to attract investment capital into our country.
Unlocking the Flow of Investment Capital
Canada boasts some of the best capital markets in the world, but we have been falling short in attracting the levels of investment needed to fuel economic growth and stay competitive on a global scale. Investment thrives on certainty and detests friction, yet our current policy and regulatory environment are creating too much uncertainty and barriers for potential investors.
Taking Immediate Action
To address this issue, Canada must take decisive action now to create the conditions that investors are seeking. As the global economic landscape shifts, we cannot afford to be left behind. It is a pivotal moment for us to step up and seize the growth opportunities that lie ahead.
Collaboration is Key
All stakeholders, from governments and regulators to financial institutions and operators, have a shared responsibility to ensure that we do not squander this opportunity. It is time for us to move beyond endless discussions and implement solutions that we already know will reduce friction for investors.
Effective Solutions
Three measures stand out as effective solutions that we can implement today:
1. **Expand the flow-through share program:** This successful policy tool has proven to be a catalyst for investment in emerging industries such as life sciences and innovation.
2. **Expand Scientific Research and Experimental Development (SR&ED) tax incentives:** By including public companies in this program, we can unlock the potential for growth and innovation in the small and medium-sized enterprises that trade on TMX exchanges.
3. **Pick a lane on disclosure standards related to climate and sustainability:** By providing clarity on climate-related disclosures and adopting global standards, we can create a more attractive investment environment for both companies and investors.
Looking Ahead
The time for action is now. If we want to secure the quality of life we enjoy today for future generations, we need to attract more capital into Canada. By providing regulatory certainty and competitive incentives, we can position ourselves as a desirable investment destination and pave the way for a prosperous future.
As we navigate this journey towards economic prosperity, let us remember that the choices we make today will shape the opportunities of tomorrow. It is up to us to create an environment that fosters growth, innovation, and collaboration – for the benefit of all Canadians.
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