Proposed stock option tax changes will impair Canadian growth: CVCA
The Canadian Venture Capital & Private Equity Association (CVCA) has said proposals raised in the 2015 federal election to increase taxes on stock options would "cripple participation in the growth and innovation sectors and drive entrepreneurs and their employees out of Canada." In a published letter, CVCA CEO Mike Woollatt said stock options help private companies in growth mode to attract and retain the best talent. Several Canadian entrepreneurs, such as Ryan Holmes, founder and CEO of Hootsuite, and Tobias Lütke, founder and CEO of Shopify, have criticized a New Democratic Party plan to alter the tax treatment of stock options.
7 October 2015•2 mins read
