Canada Tech Startups Winners as Morneau Backs Off Options Plan
- Morneau says no plans to raise tax rate on stock options
- Canada budget also offers incentives for technology research
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Canada’s technology sector spoke and the government listened.
Finance Minister Bill Morneau backed off on plans to raise the tax rates on stock options, which would have been a setback for tech startups that rely on options to attract and compensate employees before the firms are generating large revenue.