Last week, included in the Canadian Federal Budget was an amendment to the tax code eliminating the burden on foreign investors to determine Canadian tax and file Canadian income tax returns when selling Canadian companies – The elimination of Section 116.
This is an incredibly positive step since it frees capital to flow to early stage [...]
Entries Tagged as 'VC'
Section 116 Dies, Canada Celebrates…Sort of
March 8th, 2010 · 2 Comments
Tags: VC · canada · economics · politics · waterloo
Save Canada: Reform Section 116
April 22nd, 2009 · 1 Comment
Rick Segal mentioned his approach to the ailing Canadian venture industry and to the lack of local experienced operators: The Farm Team. This was in response to some controversial (if mostly damn true) conversations that are all too well known at this point.
I think Rick’s fundamentals are right but the mechanism is wrong. Scrape together [...]
