On December 5th, 2019, the Governor General of Canada, Julie Payette, opened Canada’s 43rd Parliament with the Speech from the Throne (SFT), outlining a five-point agenda for this session of Parliament: Fight climate change Strengthen the middle class Walk the road of reconciliation Keep Canadians safe and healthy, and Position Canada for success in an
Taking part in the federal election process, the Canadian Venture Capital and Private Equity Association is pleased to offer its views on priorities ahead of the 2019 Federal Election. The Canadian venture capital and private equity industry plays an instrumental role in improving the standard of living of Canadians by catalyzing the investments required to
The federal government, through the Business Development Bank of Canada (BDC), issued a call for proposals today for the Venture Capital Catalyst Initiative (VCCI). The VCCI is $400 million in federal government funding through the BDC and will complement support provided by other programs under the Innovation and Skills Plan to help grow Canada’s innovative
Toronto, October 18, 2017 – The Canadian Venture Capital and Private Equity Association (CVCA) welcomes today’s announcement by Finance Minister Bill Morneau regarding the passive investment income tax changes. “The Government of Canada, and the Finance Minister specifically, demonstrated a clear willingness to incorporate our feedback to ensure these changes are in line government’s policy objectives”,
Since the July 18th announcement, the CVCA has engaged its members and others in the ecosystem to assess the impact of the proposals. Overall, while members feel all of the proposed tax changes will be harmful to investment, savings, growth, innovation, entrepreneurship, and job creation, the proposals centering on substantially increasing the tax on passive investment income
The CVCA applauds Government of Canada’s commitment to strengthen Canadian innovation through additional venture capital support Budget 2017 continues positive momentum for the private capital ecosystem in Canada; expanding on the success of VCAP, with new VCCI program delivering $400 million investment with matching funds up to $1.5 billion through BDC Ottawa, ON – Mar
By Mike Woollatt, CEO Canadian Venture Capital and Private Equity Association Back in January, Prime Minister Trudeau told the World Economic Forum that while natural resources are important, he wants Canada’s image to pivot from resources to resourcefulness. Or, as he put another way, for Canada to grow and prosper it “isn’t what’s under our
Written by Mike Woollatt, CEO Canadian Venture Capital and Private Equity Association The Department of Finance has released a consultation on sales tax changes that will impact many CVCA members—mostly positively, we believe. In short, under the proposed changes, management fees and other expenses would no longer be charged GST and HST tax based on
This report offers a comprehensive analysis of the seed and pre-seed venture capital funding landscape in Canada, focusing on key trends across provinces, deal sizes, foreign investor participation, and top-performing verticals like AI, Web 3, and SaaS. It provides year-over-year and quarter-over-quarter insights, comparing Canada's seed investment activity with global trends. The report is a valuable resource for understanding venture investment dynamics at the earliest stages in Canada's startup ecosystem for 2024, providing detailed context on the evolving focus and funding environment.