Canada’s employment rate has steadily declined since December 2017—from 62.0 per cent to 61.5 per cent.
The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion.
Ontario’s population may grow by 30 per cent, from 14.2 to 18.5 million.
By eliminating capital gains taxes, the government could help strengthen the incentives for people to start and grow businesses.
In nine developed countries including Canada, immigrants are more than 20 per cent more likely to be self-employed than the native population.
Demographics and Entrepreneurship blog series: Spurring entrepreneurship through capital gains tax reform
Capital gains taxes reduce the return entrepreneurs and investors receive when selling a new technology or business.
Demographics and Entrepreneurship blog series: Entry rates for startups are falling, due partly to demography
Startup businesses often introduce new products and new ways of doing business into the economy.
Demographics and Entrepreneurship blog series: The connection between entrepreneurship and prosperity
The entrepreneur played a prominent role in the work of the classical economists, particularly in the French tradition.
The percentage of the U.K population between the ages of 30 and 39 is expected to decline to around 12 per cent by the 2040s.
Demographics and Entrepreneurship blog series: Understanding how demographics adversely affect entrepreneurship
Crucially, creativity is maximized in early adulthood and declines afterward.