Équipe autonomiste approves Ottawa’s scrapping of the tax credit for the Fonds des travailleurs
Ottawa’s scrapping of the tax credit for purchases of shares in the Fonds des travailleurs is excellent news because it isn’t the role of unions to manage venture capital. Équipe autonomiste feels Quebec should follow Ottawa’s example and likewise do away with this tax credit. From the very outset, Équipe autonomiste has been developing proposals that aim to refocus unions on their original role of just protecting workers. This disguised subsidy is also unfair competition for private businesses that manage venture capital. Of course, we’re not indifferent to the assistance that this fund has provided small and medium-sized businesses, and we’re convinced that this change can be offset by rules to make such investment easier.