Unlike personal income taxes, however, corporate income taxes were not reindexed to account for inflation. There's room for more. Ron Zambonini, chief executive officer of Cognos Inc., said the budget provided business with some positive signs, particularly the cuts to personal income taxes and the changes to stock options. There were some strong first steps but we have to do more. There's more to be done.
High tech needs brains.
We have to make sure our best guys don't go off to sunnier, less-taxed climes. Ottawa-based Cognos, one of Canada's largest software makers, makes business intelligence software. Ian Collins, chief technology officer for Wysdom Inc., a Richmond Hill, Ont., company that makes software for wireless Internet services, was also encouraged by the budget's tax treatment for stock options. Everything's driven by options. The budget also attempted to stimulate the growth of small companies by making it easier for startups to gain access to much-needed capital by allowing a deferral on some capital gains.