Canada's Entrepreneurship Decline: A Harsh Truth

0:00A new report from the Montreal Economic Institute drops a harsh truth. Entrepreneurship in Canada is tanking hard, killing off innovation and jobs. Back in the early 2000s, self-employment made up about 16% of all jobs, but by 2025, that's plunged to just 11%. They've been sounding the alarm that high taxes in bloated government are choking out the private sector's drive. Over the last decade, things sped up in the wrong direction. Thanks to policies that straight up hostility toward business owners. The Trudeau era ramped up taxes on top earners, ballooned the federal public service, sucking talent into safe government gigs instead of startups. Even scrapped ideas like those 2017 small business tax tweaks sent chills, painting entrepreneurs as tax dodgers. Folks are feeling the squeeze, with business owners losing 32 working days a year to red tape and shelling out over 10,200. Dollars per employee just for compliance costs. Senior fellow Charles Lamam calls it an enormous burden to launch, hire or grow here,

1:04way tougher than it should be. Aging population plays a role too, since most startups come from folks in their 30s and 40s, but that's no excuse for ignoring the policy. Mess. Governments talk big projects, yet nothing real boosts everyday entrepreneurs across the board. To flip this, we need low taxes, slim regulations and a real shot for newcomers to shake up markets, firing up that heartbeat of growth once again. That wraps Canada News today, brought to you with AI. I'm Corey with The Story.