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Opinion

How taxation can fuel Canada’s intangibles economy

By Trevin S. Stratton      

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

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.

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