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Helping build Fuelled, the largest marketplace for complex energy equipment. Active advisor at CloudTax, Arbor and Validere.

The Canadian government’s 2024 budget released Tuesday included a proposal to increase the capital gains inclusion rate We weren’t going to write about this (we had a ton of funny jokes instead), but we received several notes from cleantech founders saying this would be a severe deterrent to cleantech growth in Canada. Cleantech remains one of the fastest-growing venture categories globally. This means the decisions on where companies are built are happening now, vs more mature sectors or where growth has slowed. The policy changes countries make today will impact which countries are leaders in cleantech. Canada talks about being a leader, but this is the latest in a string of decisions that will make it more challenging to build tech companies here vs. the US and the UK. Take a look at our newsletter in comments to get a breakdown of the details and what we believe the excepted impacts are, from hiring delays to new business formation.

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Our latest newsletter, in comments, is worth a look if you are a cleantech founder We discuss how the recent budget hurts innovation in Canada, especially cleantech and software, where founding teams and employees are chasing long-tail outcomes that the expanded capital gains tax now deters Take a look at biological tools in cleantech, including Fungi, best known for their recent role in zombie thriller The Last of Us Complete an analysis of the Grove Network and how it could support cleantech entrepreneurs who care about the environment and the mission above all else And we partner with our sponsor, Impact Logic, to share the most exciting roles in cleantech

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Mark Le Dain

Helping build Fuelled, the largest marketplace for complex energy equipment. Active advisor at CloudTax, Arbor and Validere.

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