Investment Association Wants Government to Give Small Business Investors Tax Breaks

Posted by Techvibes NewsBite

The Investment Industry Association of Canada wants the federal government to offer tax breaks to investors in small businesses so they fewer are forced to merge, exit, or shut down.

IIAC recommends that Ottawa adopt a “rollover” provision "that would defer capital gains taxes on the proceeds of real and financial asset sales if the proceeds are reinvested in small business shares within six months," reports the Financial Post. “These capital gains taxes, in reality, are deferred until the final eligible investment is sold, but, in the interim, the deferral is a powerful encouragement to re-invest capital in the shares of small businesses,” the IIAC said.

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Techvibes NewsBite

Techvibes NewsBite

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