The National Angel Capital Organization is leading a campaign for a federal investment tax credit, and its executives hope the Throne Speech next week reveals signs of progress.
NACO, which represents organized angel networks across the country, has been pushing the government to institute a tax credit similar to those in most provinces, which incentivize wealthy individuals to invest in high-growth companies.
Canada desperately needs such businesses to recover from the pandemic, say the tax credit's proponents, who hope the tax incentive would draw new investors into angel networks,