The federal government has answered calls from entrepreneurs and investors to lower their taxes when they sell businesses, and plans to expand its corporate research and development incentive to cover more of companies’ costs.
Budget delivers major tax break for entrepreneurs, investors similar to Silicon Valley incentive
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The Globe and Mail - BusinessBy Murad Hemmadi
EXECUTIVE SUMMARY
New Canada Growth Incentive would exempt first $15-million that founders, staff, investors of certain private companies make when they sell shares
Key Takeaways
- Budget delivers major tax break for entrepreneurs, investors similar to Silicon Valley incentive.
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Published originally on The Globe and Mail - Business
