Conservative leader Erin O’Toole wants you to invest in local business.
He’s proposing a 25 per cent tax credit if you in what he calls a Rebuild Main Street Tax Credit.
“This new incentive will provide a 25% tax credit on amounts of up to $100,000 that Canadians personally invest in a small business over the next two years,” says O’Toole.
O’Toole is also proposing interest-free loans of up to $200 thousand for small and medium businesses, with up to 25 per cent forgiven depending on revenue losses.
O’Toole says his plan will save jobs, help businesses survive and thrive and keep the economy moving forward.
“Canada’s small businesses have given back to their communities in countless ways, whether it be keeping Canadians employed, raising money for charity or even sponsoring the local sports team. It’s time for us to have their backs,” says O’Toole.
