Flow-Through Shares, Canadian Startup Funding & Innovation

Canada has no shortage of founders, engineers or ideas. The harder question is how we finance them — and who ultimately owns the companies they create.

The CanFlowThrough.com blog examines Flow-Through Shares, FTS-Tech, Canadian startup funding, private risk capital, venture capital and innovation policy. We look at the evidence behind Canada’s early-stage financing gap, lessons from other markets, and practical ways to give Canadians a greater opportunity to participate in Canadian innovation.

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I have spent years inside the machinery of Canadian capital policy, and I can tell you what I see when I read the Productivity Mega Deduction announced at the Canada Investment Summit.I see a policy…
A government hosted a summit, invited the world in, and called it an innovation strategy. I have watched this sequence enough times to know what comes next — and what doesn’t.I have spent years…
A summit is a speech with better catering. I have spent enough time inside the machinery where capital meets policy to know that before the executives land back home, the commitments are already…
Canada just announced its biggest capital investment incentive in a generation. I read the fine print. The businesses that employ nearly half the private workforce get the smallest share of the…
I watched the Canada Investment Summit the way I watch most government showcases: with one eye on the stage and the other on the structure behind it.The stage looked impressive. Prime Minister Carney…

We produce world-class founders, researchers and ideas, but too often the first serious financing relationships are established somewhere else, and the company’s future follows the capital. This short presentation explains why extending Canada’s proven Flow-Through

The 2026 FTS-Tech proposal would test a three-year Flow-Through Share pilot to mobilize private risk capital for Canadian technology startups.

[David Perry followed Canada’s company-building problem upstream—and found a capital system that was starving technology startups before leadership ever got the chance to matter.] Why is a headhunter leading Canada’s Flowthrough Shares for technology campaign?

We submitted our 2026 pre-budget proposal to extend Canada’s Flow-Through Share mechanism to qualifying technology startups.Almost immediately, the evidence kept arriving.To be clear, this is…

We create the talent. We create the technology. Too often, somebody else finances the scale — and owns the upside. Canada is very good at creating things. We produce world-class scientists, engineers, researchers and entrepreneurs.

The Economic Cost of Canada’s Founder Exodus A scenario-based examination of jobs, payroll, GDP, tax capacity and entrepreneurial ecosystems 517 Canadian-founded U.S. technology companies. More than US$400 billion raised. A National Post story stopped me

I have spent years inside the gap between Canadian innovation and Canadian capital. That gap has a shape, and it has a cost.Here is the part that stays underexamined: Canada already built the machine…
I have spent years inside the gap between private capital and public policy. From that vantage point, one instrument stands out as the most underexplained financial tool in Canada.Flow-through…
I have spent years —- correction 4 decades —- watching Canadian startups raise their most important rounds from foreign investors, then watching the ownership, the intellectual property, and the…
Canada’s tech industry just put a number on what I have watched happen for years.There are at least 517 U.S.-based tech firms founded by Canadians, entrepreneurs we educated here and then watched…
I have spent years inside the gap between Canadian capital and Canadian innovation. From that vantage point, one fact stands out.Ottawa already owns the tool it needs to keep Canadian technology…
I have spent years studying how capital responds to policy design. The pattern I keep seeing is simple. Capital follows incentive structure, and incentive structure only works when it pays out on…
We spend most of our time inside the machinery of capital policy. Committee rooms, briefing documents, the slow grind of turning evidence into legislation. We know exactly what moves a finance…
I have spent years inside the conversation about how Canada funds its innovation economy. Here is what I keep coming back to.Canada does not have a startup problem. It has a capital formation…
I’ve spent the last year mapping how capital flows into Canadian technology companies. The pattern is clear and the numbers don’t lie.We built a tax incentive structure that unlocked billions for…

A new Caroline in the Capital article shows that flow-through shares for technology have entered the mainstream policy conversation. At a Rideau Club symposium hosted by RBCx and WEALTH / WCPD, leaders from Canada’s tech,

Canada has capital, but not enough incentives directing private risk capital into Canadian innovation. Flow-Through Shares can help close the gap.

The U.S. is weaponizing our flow-through model for its tech industry while our leaders talk, stall, and watch the future move south. Canada has a peculiar talent: we invent world-changing ideas and then let other

BoC at 2.25% and CPI 2.4% show limits of monetary policy. Budget 2025’s capital budgeting is the moment to extend Flow-Through Shares to tech.
With housing starts up and tariffs biting, Canada needs patient risk capital. Here’s why extending Flow-Through Shares to tech is the smart next move.

A Nation-Building Strategy Without the Capital to Match Canada’s 2025 industrial strategy — from the launch of the Major Projects Office to the Build Canada Homes program — is bold. The vision is clear. But

As auto/manufacturing absorbs trade shocks, Canada needs tax-efficient capital to rebuild resilience. Flow-Through Shares can help.

The Canada Post strike has halted mail and parcel processing across the country, with businesses facing suspended service guarantees and supply chain delays. What began as a labour dispute over the end of door-to-door delivery,

Canada is making one of its boldest economic bets in decades. The Building Canada Act, passed this summer, empowers Ottawa to designate “Projects of National Interest” and fast-track their approvals. Coupled with a new Major

The One Canadian Economy Act (Bill C-5) was designed to tear down internal trade barriers and accelerate projects deemed essential to Canada’s sovereignty and prosperity. By treating provincial standards as equivalent and creating a fast-track

Explore our 2025 pre-budget submission urging the Canadian government to extend Flow-Through Shares (FTS) to the tech sector, fostering innovation and economic growth. Read our recommendations now!

Let me cut to the chase. Canada has a homegrown, proven investment tool that’s pumped over $1 billion a year into junior mining and clean energy — Flow-Through Shares (FTS). It’s not a subsidy. It’s

Trump’s new tax threats make Flow-Through Shares for tech not just smart policy—but urgent national strategy. By David E. Perry, Author of Revolutions Need Leaders [Source: Globe and Mail, “Trump’s new bill threatens major tax

https://youtu.be/WN9S_r1hgZ8 When Ottawa talks about another pandemic-style relief package in response to Trump’s tariffs, I see good news and bad news. The good news? We’re recognizing the need to protect Canadians. The bad news? We’re

The 4th Industrial Revolution demanded a Builder. Canada just elected one. By David PerryCo-Author of Revolutions Need Leaders and Hiring Greatness Canada doesn’t need another strongman. It needs a builder of teams. Mark Carney is

Here is the Original Article : https://bit.ly/4jtgflP By David E. Perry, Founder, CanFlowthrough.com If you want to understand how good policy becomes great nation-building, look at Flow-Through Shares. They have been one of Canada’s most

April 14, 2025 at 10:36AM EDT The TMX Group has voiced support for our campaign. The CEO was on BNN and spoke about the need to expand FTS to the tech sector. FTS is on

Canada has no shortage of ingenuity. From quantum computing to secure communications, aerospace engineering to ecommerce platforms, this country has produced world-class technology and companies with global potential. But if you look closely at the

Canada’s tech sector powers 1.8M jobs, pays 50% more than average, and grows 2.5x faster than the economy Let’s fuel it with Flow-Through Shares and give Canadians a direct stake in our future.  CanFlowthrough.com 1.

As Canada heads toward the 2025 Federal Election, voters have a powerful opportunity to shape the national conversation—especially around the extension of Flow-Through Shares (FTS) to high-tech startups. Originally designed to stimulate investment in Canada’s

Extending flow-through shares to technology firms could have several impactful effects on the average Canadian, both directly and indirectly. Here’s a breakdown of the potential benefits and implications: In essence, extending flow-through shares to technology

https://youtu.be/XtIYaRiXXQA A marvel of engineering. A symbol of national ambition. And the day Canada walked away from its future as a global aviation leader. We dismantled not just a jet, but an entire aerospace industry—and

Canada doesn’t have an innovation gap—it has a support gap. For decades, this country has produced globally competitive tech firms, groundbreaking research, and some of the world’s best engineers and entrepreneurs. And yet, we’ve also

Rise Above: Outpace the Competition Instead of Seeking Revenge The notion that Canada should simply endure a potential 25% U.S. tariff hike as a historical inevitability fails to recognize a critical truth: we can shape

Let’s cut to the chase: we’re in a trade war. The tariffs on steel or aluminum are no longer what it’s about — it’s about control.” It was about who will own the future. And