Andrew Chau: Why does Canada’s most innovative talent leave? Because we tax risk-taking instead of rewarding it (opens original article in a new tab)

Canada's most innovative talent leaves due to tax policies that disadvantage risk-takers compared to the U.S., leading to a brain drain and loss of intellectual property, with proposed reforms to match U.S. capital gains exemptions and improve retention of talent.

• Canada's productivity crisis is attributed to an ambition problem rather than a talent creation issue
• Canadian startups are often acquired by U.S. firms, leading to a brain drain and loss of intellectual property
• Tax policies in Canada disadvantage risk-takers compared to the U.S., with lower capital gains exemptions and less favorable treatment of employee equity
• Proposed reforms include expanding the Lifetime Capital Gains Exemption to match U.S. levels and introducing a founders' capital gains rollover
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