The Liberal’s Promise to Extend Investment Incentive to Tech Could Mean $500 Million in New Private Investment

OTTAWA, Ontario--(BUSINESS WIRE)--A new Liberal policy promise, could create a half-billion dollar economic boost for Canadian tech start-ups.

Canada’s serial entrepreneur and billionaire, Terry Matthews, is a supporter and says “I know that the FTS program works well. An effective program that would be a huge assist to tech startups. It would be a win for Canada.”

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The Liberals proposed to expand a 71 year old incentive program heavily used by mining companies. The Liberals described the measure as a way to “Supercharge” the economy. That is the exact description used by a campaign called Canada Flow-Through Shares as they reached out to politicians. Flow-Through Shares allow a company to “flow” tax deductions to investors via special shares.

David Perry, co-founder of the campaign says, "Congratulations to the Liberals for realizing the significant value of this change. We are disappointed that no other party followed suit. This change would propel Canada’s tech sector and in turn the entire economy by getting more Canadian investors into Canadian firms. We are going to keep up the pressure."

Economic analysis by the group, using recognized financial formulas, produced three key numbers for a first year of FTS :

• $500 Million in new private investment
• $1.25 Billion in new economic activity
• $375 Million in new government tax revenues

Canada’s successful billionaire tech entrepreneur, Terry Matthews, put his support behind the campaign and states, "I know that the FTS program works well. An effective program that would be a huge assist to tech startups. It would be a win for Canada at an important time for the tech sector and for our economy."

This shot in Canada’s economic arm would raise the GDP contribution of tech to nearly $127 Billion, almost on par with the mining industry. Last year FTS generated a Billion dollars for early stage mining firms on the TSX. The parent firm of the exchange, the TMX Group is also calling for the FTS shift along with other business groups and leaders.

About Canada Flow-Through Shares

David Perry launched Canada Flow-Through Shares in December of 2024. This group wants the federal government to extend the investment incentive tool, FTS, to the tech sector. As Canada wages economic war with the United States, it is imperative to make it easier for Canadians to invest in Canada and boost the tech sector. Join the movement www.CanFlowThrough.com