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That is half 5 of Postmedia’s How Canada Wins collection
Revealed Mar 28, 2025 • Final up to date 1 day in the past • 13 minute learn
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From deregulation and tax reform to free commerce and vitality exports, Monetary Submit readers share their concepts to enhance the Canadian financial system. Photograph by Rawpixel/Getty Pictures/Postmedia recordsdata
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As a part of Postmedia’s How Canada Wins collection, the Monetary Submit requested readers for his or her concepts about methods to get Canada’s financial system again on monitor. We thank everybody who submitted a suggestion and are publishing 50 of probably the most attention-grabbing concepts right here.
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Slash the purple tape
Canada’s huge oil, fuel, mineral and lumber reserves are goldmines. Slash the purple tape: pace up LNG terminals, pipelines and uncommon earth mining whereas holding the inexperienced vitality transition in sight. No strangleholds on oil and fuel as a consequence of overregulation. The end result? Extra GDP, jobs and a stronger worldwide commerce place.
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—Dave Suchanek, Oakville, Ont.
Lower middle-class revenue taxes
Center class revenue taxes are completely prohibitive to allow financial savings, investments accumulation and monetary safety. Additionally they inhibit motivation to determine new aggressive companies. All of the potential center class financial synergy is wasted. Household revenue taxes needs to be reduce to lower than 10 per cent.
—Jim Reid, Kamloops, B.C.
Get authorities out of the way in which
There are lots of strategies in varied media that “The federal authorities ought to do that, try this, and so forth.” I disagree. My suggestion: A return to classical liberalism with governments standing out of the way in which of the non-public sector and people aside from the requirements of peace, order and good authorities, and the rule of regulation utilized equally to all.
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—Pierre-Pascal Gendron, Toronto
Create an surroundings that rewards dangers
The federal government must help small to mid-size companies and create an surroundings to take dangers by rising the capital beneficial properties exemption. There should be incentive to create a enterprise and know you can be rewarded in the long run. When our present surroundings appears it’s higher to work within the public sector slightly than the non-public sector, our outlook will not be good.
—Peter Hickey, London, Ont.
Watch out for deficits
Learn Richard Rohmer’s novel “Dying by Deficit,” which brings to life what might occur when all the cash runs out. One of the best persons are in enterprise, not politics. They will fireplace up our industrial engine if given the chance. With some limits, cut back company tax to zero. Tax the cash they pay out for dividends, bonuses, salaries and finish all subsidies.
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—Dan Toppari, St. Catharines, Ont.
Make holidays inside Canada tax free
Maintain Canadians in Canada for holidays. Create an up-to-$1,000 tax refund for receipts from one other province (it should be any province however your private home province) to be claimed on 2025 tax return.
—Marney Rakidzioski, London, Ont.
Present Canada is open for enterprise
Exhibit in actual phrases that Canada is open for enterprise. Encourage the event of all accountable useful resource and infrastructure tasks. Guarantee all regulatory or authorized approval or rejection inside a most interval of two years. Finish the power to cease viable tasks by way of delay ways.
—Robert Kulhawy, Calgary, Alta.
Add economics to the curriculum
Add economics to the secondary faculty curriculum, in order that the following era understands ideas equivalent to competitiveness, R&D, productiveness and GDP, in order that they demand long-term options and make knowledgeable selections when choosing their politicians.
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—Renee Schindeler, Toronto
Give attention to what the U.S. wants.
Canada ignores its comparative benefit in geography and assets. Give attention to what the U.S. wants. Focus investments on useful resource extraction, processing and transport whereas dispersing our inhabitants to help. We will use insurance policies equivalent to employment taxes and credit to affect employment away from dense city areas with subsidies on single family-friendly builds.
—Greg Wilbur, Salmon Arm, B.C.
Leverage our pure assets
Leverage Canada’s pure assets by decreasing crippling restrictions on fuel and oil growth and processing. Get the federal government out of the way in which on this sector. Encourage mind belief progress with grants. Change to cleaner vitality via encouraging innovation, not punishing interference.
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—John Bagnall, London, Ont.
Clear the way in which for pipelines
Expeditiously assemble strategic oil and fuel export pipelines and use area powers underneath the Structure to facilitate unfettered right-of-way for development. Have interaction Canadian metal mills to provide and market orphaned metal and construct the pipe ourselves. Repeal all federal laws impairing the total scope of what’s essential to get export pipelines commissioned.
—Philip Lemke, Cochrane, Alta.
Carry our proficient expats house
Implement focused tax incentives for Canadian expatriates returning to construct home enterprises, paired with AI-approved seed funding and time-limited tax aid for these startups in essential sectors. Stability equity by extending parallel help measures to home entrepreneurs, making certain inclusive financial progress, minimizing socioeconomic disparities, and fostering sustainable innovation and competitiveness.
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—Eugene Ting, Toronto
Take away the shackles on free enterprise
After we enter worldwide hockey tournaments, our most expert gamers and administration personnel are motivated by a single goal: to carry out on the highest stage. They obtain full freedom to pursue their objectives inside a well-defined framework. Give our financial system the identical freedom: Withdraw the shackles positioned on free enterprise and watch Canada win!
—Harry Elliott, Edmonton
Refine oil in Canada
We export at Western Canada Choose vs. West Texas Intermediate. The trade differential alone is staggering. Construct a West-East pipeline and refine oil in Canada for our profit. Massively improve our LNG export capability and hunt down new markets. Why have we allowed this drain of unimaginable wealth?
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—Michael Milne, Nepean, Ont.
Rebuild our institutional information
Our corporations and paperwork are filled with younger individuals with pupil debt who leapfrog from alternative to alternative, with little funding of their present job. A program encouraging corporations to return to inside company-funded worker coaching, in trade for committing to that firm for a interval, would assist rebuild the institutional information financial institution that has retired or is retiring.
—Carol Zuckerman, Kelowna, B.C.
Empower buyers by figuring out U.S. merchandise
To help Canadian shoppers in choosing Canadian merchandise or something aside from these gadgets decided to be U.S.-made or of U.S. origin, apply a U.S. shelf sticker or flag to U.S. deemed gadgets. A shelf sticker ought to make it simpler for buyers to decide on Canadian or different amiable buying and selling companions’ merchandise.
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—Rob Ellaway, West Vancouver, B.C.
Simplify the Revenue Tax Act
Simplify the Revenue Tax Act and guarantee when a finances is launched that the laws is handed inside six months. In any other case, it shouldn’t be a finances merchandise or so complicated that the Division of Finance has not performed their due diligence earlier than introducing modifications.
—Alan Wainer, Thornhill, Ont.
Make housing inexpensive, not an funding
Progressively change housing from a retirement funding to one thing inexpensive. Construct housing at a fee that stabilizes present worth and let rising revenue do the remainder.
—Douglas Lee, North Vancouver, B.C.
Store native and purchase Canadian
We have to help our fellow Canadians. Store native and purchase from Canadian corporations as a substitute of ordering issues on-line from locations like Amazon. That provides Canadians a gentle revenue.
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—Margaret Lowrey, Calgary, Alta.
Embrace merit-based hiring once more
We should evolve again to a merit-based strategy to hiring and promotion and transfer away from a DEI framework which results in a scenario the place selections to rent or promote aren’t made based mostly on optimizing outcomes however slightly on race or color. Canada can’t compete if we don’t put our greatest individuals in the proper roles.
—Mike Diamond, Toronto
Spend money on schooling
One in every of Canada’s best pure assets we overlook to say is the contribution of a wholesome, well-educated, inhabitants. We should proceed to put money into our instructional establishments in any respect ranges. Not solely are these the spine of our democracy, however they’re additionally the important thing to creating and attracting investments.
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—Karina Rosenberg, Rawdon, Que.
Decrease taxes to draw capital
The best way to win is to draw capital and funding {dollars} to Canada. Decrease company and particular person revenue taxes to ranges that make Canada probably the most engaging on that foundation, and that capital will discover a venture to put money into. If our tax construction will not be aggressive, why would a company or particular person select to put money into such a regime?
—Paul Sarachman, Toronto
Launch a world allure offensive to open new markets
Canada wants a allure offensive like nothing we’ve ever mounted — prime ministers, premiers, diplomats, dealmakers activating markets past the U.S. Worldwide funding should develop into a nationwide mission. Eire did it — and have become one of many world’s most profitable economies. Compete at scale or be left behind. Let’s go!
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—Stephen Lund, Toronto
Restrict American possession
Enact a regulation limiting American corporations and possession and exports to solely 30 per cent, as a part of a “Canada First” program.
—Invoice McDonald, Vancouver, B.C.
Increase funding in new actual property builds
Encourage capital funding in actual property by not taxing capital beneficial properties on a offered constructing if beneficial properties are reinvested in new development.
—Randall Shier, Kelowna, B.C.
Simplify the tax code
Scale back taxes and simplify the tax guidelines. Canadians pay manner an excessive amount of tax and the tax system is manner too sophisticated. Most taxpayers shouldn’t have to rent a specialist to finish their tax filings. The paperwork essential to administer the tax system (CRA) is uncontrolled and dysfunctional and is one other drag on productiveness and prosperity.
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—Sue McIntyre, Toronto
Lower capital beneficial properties on Canadian investments
Take away capital beneficial properties tax for investments made on choose Canadian corporations, equities, bonds and tasks and permit 100 per cent deductions towards revenue for choose Canadian charities.
—Peter Muselius, Goderich, Ont.
Lower laws and the general public sector
The injury to Canadian id during the last decade can’t be exaggerated and no financial restoration will likely be sustainable until we set up nationwide satisfaction in being Canadian. Satisfaction in our inefficient and unproductive methods is misguided and embarrassing. The street to restoration begins with extreme public sector and regulation reductions.
—Karl Ullrich, Victoria, B.C.
Get rid of the GST on Canadian-made merchandise
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Take the GST off items which might be made in Canada. Not assembled in, however truly made in Canada, from the producer to the wholesalers to the retailer to the buyer, all all through the chain. Encourage individuals to purchase Canadian-made items.
—Sherry Wallace, Edmonton
Observe our ‘Purchase Canadian’ spending
Purchase Canadian wherever doable. monitor this: A easy web site for Canadians to anonymously submit the greenback quantity of purchases they consciously change to purchase Canadian vs. American. Canadians can see how they collectively help our nation in actual {dollars} and cents. It will be inspirational to see precisely how a lot distinction a person makes.
—Barbara Mathews, Vancouver, B.C.
Use flow-through shares to supercharge the tech sector
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A made-in-Canada answer to supercharge Canada’s tech sector. For 71 years, flow-through shares (FTS) have helped fund Canada’s mining sector plus oil and fuel and renewable vitality. In 2024, FTS exercise was the very best in 5 years. Prolong this funding incentive to our excessive worth, high-tech corporations.
—David Perry, Ottawa
Free commerce between provinces — no ifs, ands or buts
It’s time to enact as soon as and for all free commerce amongst provinces. This authorities or the following ought to give the provinces just a few months’ discover to arrange an historic conference whose mission will likely be free commerce in Canada, no ifs, ands or buts. That is what our financial system wants, that is what the individuals need. It’s about time!
—John Dawe, Toronto
Rebuild our navy
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Canada ought to start a serious multi-generational defence asset manufacturing funding program. We needs to be designing and constructing our personal jets, helicopters and ships to rebuild our navy capabilities. This can give Canadians a much-needed increase in self-assuredness and can heighten nationwide satisfaction and preparedness.
—Dean Geiger, Bowmanville, Ont.
Maintain ‘innovation auctions’ to floor and fund nice concepts
Innovation auctions. People or small companies are coached to pitch their innovation concepts just a few occasions a yr to bidders. Innovation is pushed by smaller, decentralized teams of people spurring the financial system, and bidding entities can focus their R&D {dollars} on getting bought progressive concepts previous the end line and exported.
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—Michel S., Ottawa
Construct up small- and medium-sized companies
A rustic that may face up to financial hardship should be based mostly on a basis of small and medium enterprises. The federal government should assist the confirmed innovators to ship outcomes and create an ecosystem for the high-tech business. Sturdy small and medium enterprises should be the spine and the bricks of a strong home.
—Diego Lai, Markham, Ont.
Leverage our world connections
To cite one in every of our, albeit barely tarnished, nationwide treasures — Wayne Gretzky — the important thing to strengthening Canada’s financial system is to “skate to the place the puck goes.” Lean into our range. Leverage these world connections. Be higher than the sum of our tribes.
—Randy Gillespie, Conception Bay South, Nfld.
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Incentivize funding in high-growth sectors
Introduce enormous tax incentives and funding credit for startups in high-growth sectors like healthcare, expertise, biotech, agri-tech, pharma, superior manufacturing, and monetary providers. Interprovincial commerce boundaries eliminated instantly, underneath emergency nationwide safety laws if wanted. Introduce tax write-offs for capital tools funding with bonus for Canadian capital items.
—Steve Mitchell, Toronto
Construct and export our LNG experience
Facilitate a world shift away from coal-fired energy era. Canada might provide a viable various by changing current coal-burning energy crops worldwide to make use of our liquefied pure fuel (LNG) for electrical energy manufacturing. We might incentivize this transition by supplying LNG and offering technical help to assist different nations construct the required LNG infrastructure.
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—Danny Keyes, Comox, B.C.
Educate the deserves of free markets
Mandate economics for each highschool pupil. It should be a podcast as many academics will oppose, or don’t perceive both. This can embody how free markets result in prosperity and accountability.
—Herb Pinder, Saskatoon, Sask.
Finish the bureaucratic nightmare going through companies
Roll again tons of purple tape. Make it simple to do enterprise in Canada as a substitute of the bureaucratic nightmare it has develop into. That is notably vital relating to vitality. That mentioned, I’m not suggesting a free for all, there must be laws, however they must be easy, simple to know and simple to manage.
—Peter Symons, Toronto
Lower taxes for low- and middle-income households
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Lower revenue tax considerably for middle- and lower-income Canadians. Employees spend what they earn. We want individuals to spend cash within the financial system and the rate of spending will increase when individuals purchase items and providers and, in flip, that cash is spent once more. The identical cash in our authorities coffers doesn’t flip as usually or as effectively.
—Jay Gotteiner, Montreal
Assist SMEs entry capital
I work promoting small companies and it’s virtually unattainable to get funding for these offers. The banks need nothing to do with them until the loan-to-value ratio is so excessive they’ve little danger. Small and medium sized companies make use of many Canadians, and wealth is constructed right here for regular women and men. We want entry to capital.
—Brad Crompton, Toronto
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Keep house, snowbirds
If snowbirds would simply defer for one winter or reduce their traditional time within the U.S. by 50 per cent, it will ship an enormous message to Florida, Arizona and the remainder of the U.S. — and hold billions of {dollars} in Canada.
—Garth McIver, Vancouver, B.C.
Reset the Canadian authorities
The one solution to reset the Canadian financial system is to reset the Canadian authorities. A Democratic authorities who trusts its residents to behave responsibly and in capitalist rules; non-public property, free markets, competitors, revenue motive, voluntary trade, innovation and effectivity and capital progress
—David Milovac, Oakville, Ont.
Fill the worldwide demand for essential minerals
For geopolitical causes, there’s a demand for essential minerals not processed in China. Canada can fill this demand. In doing so, Canada can improve its worth added by processing a bigger share of Canadian-extracted minerals domestically, thereby capturing a higher share of worldwide worth chains.
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—Ben Doran, Ottawa
Encourage non-public enterprise
We don’t encourage sufficient non-public enterprise. We elevate individuals to work in jobs that just a few events personal. Folks needs to be studying methods to run companies and create their very own. Design and innovation are paramount to creating new wealth. Particular person accomplishment with wholesome competitors drives us ahead, not stagnancy.
—Barbara Dodge, Toronto
Use the Financial institution of Canada to fight poverty
Former NDP chief Tommy Douglas reminded Canadians that we used the Financial institution of Canada to fund WWII spending, and we are able to use it additionally to fight poverty, unemployment and social injustice. A Canada-first nationwide plan for inexperienced infrastructure, social providers and full employment can prevail over aggressive U.S. tariffs.
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—Larry Kazdan, Vancouver, B.C.
Beneficial from Editorial
The problems small companies are grappling with in the present day
Seven huge concepts to assist Canada win
How Canada Wins: A blueprint for a affluent nation
Spend money on Hollywood North
Canada should seize this second to outcompete Hollywood and develop into the premier vacation spot for movie and TV manufacturing. We want stronger federal and provincial funding, tax incentives, and a world distribution technique to elevate our artistic sector. By investing now, we safe our place because the hallmark of leisure and knowledge.
—Kaberi Dutta Chatterjee, Mississauga, Ont.
Push pensions to take a position at house
Encourage our humongous pension plans (CPP, Ontario Academics, OMERS) to put money into Canadian mining, infrastructure, and so forth. tasks versus abroad (together with the U.S.).
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—L.M. Chow, Ottawa
Make it simpler to Purchase Canadian
We have to proceed to raised inform of us throughout the nation of Canadian choices to U.S. merchandise, and if not Canadian, at the very least a non-U.S. various. We particularly want stats displaying how our fellow Canadians are shifting in a non-U.S. path. We’ll all be inspired to maintain up the combat if we’re assured that we’re not alone.
—Michael Lowe, Ottawa
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