AI news brief
Senate banking committee calls for tax changes to help small- and medium-sized businesses
Globe and Mail - Business - 2026-10-14
AI Summary
A Senate banking committee report recommends tax reforms to boost capital access for Canadian small and medium-sized enterprises (SMEs), including deferring capital gains taxes on reinvested startup proceeds. The report also suggests expanding flow-through share tax credits to other industries and creating targeted investment tax credits to encourage SME investment. Additionally, it calls for banks to increase lending to startups and for pension funds to invest more in domestic SMEs.
Key takeaways
- Senate report urges tax changes for SME capital access.
- Recommendations include capital gains tax deferral for reinvestment.
- Calls for expanded tax credits and increased bank lending to SMEs.
What this could mean for homebuyers
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