Carney's $1 Trillion Investment

The Liberal government announced last week a massive plan: ONE TRILLION DOLLARS in new investment over the next five years. To fund this, the Canadian deficit is projected to balloon to over $78 billion by 2025-26. I sincerely hope that Mark Carney and the Liberals turn their promises into a credible, actionable plan that earns the confidence and trust of Canadians. If this plan fails, I fear it will leave Millennials, Generation Z—my children—and future generations struggling, with little hope for the future.

Can’t say his name - the former drama teacher’s decisions over the past decade have, in my view, failed our country financially and economically, impacting Canadian families across the board.  For what he has done this is a critical moment for our economy—not just because of the past ten years, but also because of the recent dramatic shift in Canada’s relationship with the U.S. I generally align with the Conservative perspective, though not with the current leader.

I agree with Carney that, to restore our country’s growth—whether or not the U.S. is involved—we must reduce administrative spending and focus on investing in Canadian industries. Prioritizing capital investment should be a national objective, with our federal government collaborating with industry leaders and business experts to ensure sustainable growth and profitability rather than losses.

ENTREPRENEURS & STARTUPS

Regarding start-ups and entrepreneurs, I wholeheartedly embrace Carney’s words: “This is a message to all the entrepreneurs to startup businesses across the country. Canada will be the most competitive country, and we are making sure we empower you to do that.” I sincerely hope that his call-to-action becomes a reality by 2026 and continues over the next decade, because it will take years for us to recover from our current economic challenges. With 98% of Canadian businesses classified as small, their success—or failure—affects us all.

Here are some of the proactive initiatives that Carney and his government are implementing to support entrepreneurs, startups, and small businesses. If you’re part of one of these sectors, be sure to explore these capital and tax incentives — they’re designed to provide financial support and help you grow, because your success is vital to building our country.

·       $1B over three years for the Venture & Growth Capital Catalyst Initiative, supporting emerging fund managers and key sectors like life sciences.

·       $750M to close early-stage funding gaps and realign existing capital with market needs.

·       Lifetime Capital Gains Exemption raised to $1.25M.

·       METR reduced by 2.4%.

·       Clean Tech tax credits expanded to include biomass energy and critical minerals.

·       Accelerated investment incentives to write off costs faster.

·       Simplified rules for registered plan investments to improve capital access.

·       Better procurement policies to help small businesses win government contracts.

#carney #federalbudget #entrepreneurs #startups #smallbusinesses