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
The Canadian Venture Capital and Private Equity Association (CVCA) is adding its voice to the growing list of Canadian technology leaders calling on Ottawa to institute an immediate and targeted visa which would provide those currently displaced by the United States executive order with temporary residency in Canada. The request is in response to U.S.
Today, the Canadian Venture Capital and Private Equity Association celebrates the third anniversary of the Government of Canada’s Venture Capital Action Plan (VCAP)– a program that was implemented in January 2014 as a means of leveraging government funds with private sector investment and expertise. This program has had an overwhelmingly positive impact on Canada’s innovation
Originally posted by EY The Alberta Government has introduced the Alberta Investor Tax Credit (AITC) to stimulate investment in certain industries with strong job-creation potential. The AITC offers a 30% tax credit to investors who provide venture capital to eligible companies during the two-year period in which the AITC program is in force. It is
By the Canadian Venture Capital and Private Equity Association The Province of British Columbia has taken another step forward in building on its innovation ecosystem with a new private sector-led venture capital fund to support the technology sector. This new, 15-year, $100-million technology fund—which the Government announced on Friday, Oct. 21st—will help fuel growth in
By: Emily Walsh Associate on Georgian Partners’ Investment Team Last night in Ottawa we had the pleasure of being involved in the launch of an exciting and important new project:Canada Learning Code. With the aim of giving more Canadians the opportunity to participate in the global digital economy, the project is the next stage in the
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
The CVCA welcomes Budget 2016 and the opportunity to work with the Government on a new Innovation and Growth Agenda for Canada With Budget 2016, the Government has shown that it is engaged on innovation and growth and is open to listening and engaging key stakeholders. The CVCA welcomes some specific initiatives in Budget 2016,
