Quebec Stock Savings Plan II Should Be Copied

The Quebec government announced plans of introducing a revamped stock savings plan allowing small to medium sized public companies located in that proivnce to raise capital and provide investors with a tax break of up to 150%.

In todays economy it is nearly impossible for smaller companies to raise any capital regardless of industry. Manufacturing companies in Ontario, junior oil and gas companies in Alberta, and mining companies in B.C. could all benefit from a similar program being implemented as a tax break like this would do much to offset the risk  investors seem unwilling to take in todays environment.

Do you think a savings plan with a 150% tax break would benefit small business in other provinces?

Your comments are greatly appreciated.

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