Peter Munk Centre for Free Enterprise Education
Ontario needs policies that encourage Ontarians to spend more energy and imagination working and innovating.
Instead of seeing innovation as troublesome heresy, people came to see virtue in innovation.
High marginal tax rates discourage productive economic activities such as work, savings, investment and entrepreneurship.
In nine developed countries including Canada, immigrants are more than 20 per cent more likely to be self-employed than the native population.
Regulators continue to downplay the deleterious impacts of their rules.
Tax policy is the most efficient way to incentivize high-growth entrepreneurship and access to finance.
Capital gains taxes reduce the return entrepreneurs and investors receive when selling a new technology or business.
When taxes on investment returns are very high, the negative consequences, compounded over time, can be dramatic.