Feds reveal new changes to Canadian Entrepreneurs’ Incentive as part of capital gains tax overhaul
Government proposes to cut the incentive’s rollout period in half.
Ottawa
Shopify’s venture into brick-and-mortar payments pays off, revenue grows 21% in Q2
Navigating a mixed consumer spending environment, the company brought in $2 billion USD.
Interior design project management platform Mydoma acquired by California’s Studio Designer
Companies will support nearly 20,000 interior designers across the United States and Canada combined.
ReliON secures $3 million as the first company incubated out of Diagram Ventures ClimateTech fund
Diagram led the round as ReliON looks to bolster its EV charger operation and maintenance platform.
Raven Connected intends to grow workforce by 25 percent with Series A funding led by Telus Global Ventures
Connected car startup uses machine vision to track and analyze company vehicles and drivers.
Ottawa companies receive FedDev funding for AI, semiconductor, biotech work
FedDev invested nearly $20 million across nine Ottawa-based companies.
Shopify announces embedded AI as part of Summer 2024 Edition product updates
Shopify is using AI for image editing, product creation, customer support, navigation.
Parliament sets the stage to enact capital gains tax changes
Nearly all Conservative MPs, including leader Pierre Poilievre, voted against the motion.
Sonya Shorey officially named president and CEO of Invest Ottawa
Shorey held the lead on an interim basis following Michael Tremblay’s November 2023 departure.
Feds resume SDTC funding under NRC following damning AG report
Auditor General found “significant lapses” in STDC’s governance and management of public money.
Shopify acquires popular no-code checkout customizer Checkout Blocks
The acquisition has made Checkout Blocks’ starter version free for all Shopify Plus merchants.
Major skills shortage looming in cybersecurity, AI
Reskilling in emerging fields can help those impacted by recent layoffs.
US court overturns $40-million USD patent infringement verdict against Shopify
Shopify calls the judgment “a significant victory in the battle against patent trolls.”
New open letter from business groups condemns capital gains changes as “divisive”
CCI gathered approximately 2,000 signatures protesting the tax changes in a different letter last month.
Shopify posts revenue beat and surprise loss in Q1, touts European growth
Company plans to remain focused on building for long-term growth and profitability.