How taxation can fuel Canada’s intangibles economy

A comprehensive review of Canadian taxation is mission critical if Canada wants to continue to be a nation of innovators.

Finance Minister Bill Morneau, pictured April 29, 2019. As it currently stands, we rank 18th in the world in patent applications, 23rd in R&D expenditures, and 39th in trademark applications according to the World Economic Forum. We need an equally colossal effort in the form of a comprehensive review to deliver new approaches to tax competitiveness that reflect the weight of this change, writes Trevin S. Stratton.The Hill Times photograph by Andrew Meade

Opinion

BY TREVIN S. STRATTON

July 1, 2019

A recent report by the Public Policy Forum finds that intangible assets like technology, intellectual property, branding, and design comprise 91 per cent of the S&P 500 market index's total value. Canadian businesses, from large tech firms to family farms, are adapting their business models to ...

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