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ARTICLE · 24 MAY 2010

2010 Federal Budget — Implications for Tech Companies

McCarthy Tétrault
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Unlike some recent budgets, the 2010 Canadian federal budget (Budget 2010) contains scores of tax measures, including some that may impact tech companies.

CanadaMedia, Telecoms, IT, Entertainment
Jeffrey Love
Jeffrey Love
Patrick McCay
Patrick McCay
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Unlike some recent budgets, the 2010 Canadian federal budget (Budget 2010) contains scores of tax measures, including some that may impact tech companies. Two highlights include significant changes to the employee stock option rules and measures to streamline the Section 116 withholding and reporting regime. The latter proposal will come as welcome news to venture capitalists and other investors from outside Canada who have invested or are looking to invest in Canadian tech companies. While one of the employee stock option proposals is relieving in nature, the others may come as an unpleasant surprise for certain tech companies with employee stock option plans.

Employee Stock Options

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