Canada must become more attractive and competitive for business investment and entrepreneurs, and introducing a wealth tax and/or raising the capital gains tax would make a difficult situation worse.
business investment
Total business investment declined by 0.2 per cent per year between 2016 and 2019.
The only truly pro-business policies foster competitive markets and produce a more level playing field.
Canada has the fifth-highest level of total government debt among 29 industrialized countries.
Government officials face very different incentives than people in the private sector.
A majority of industries in Canada reduced investments in machinery, equipment and intellectual property products.
Between 2016 and 2019, per-person GDP grew at an average annual rate of only 0.8 per cent.
For the 45 research projects approved, almost $100 million had been committed but not necessarily spent.
On the broadest measure of investment, the Trudeau government experienced an average annual decline of 0.2 per cent before the 2020 recession.