Low levels of capital investment and expenditures on research and development contribute to Canada’s slow productivity growth.
From 2014 to 2019, seven of 15 major industries experienced a decline in investment.
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.
A majority of industries in Canada reduced investments in machinery, equipment and intellectual property products.
Investment is key for economic growth, job creation and living standards for Canadians and their families.
The Chrétien and Martin Liberals reduced the capital gains inclusion rate from 75 per cent to 50 per cent.