John McKenzie

Hardware-focused firms, including Fusion Power Plant developers, are identified as standing to gain the most from any such broadening.

John McKenzie, chief executive of TMX Group LTD, the parent company of the Toronto Stock Exchange, has backed that kind of expansion going back to 2024.

Further tax-related recommendations call on policymakers to explore tax credit mechanisms and capital gains exemptions tailored to small and medium-sized enterprises, with the stated aims of drawing in fresh pools of capital and encouraging investors to take a longer view on their holdings.

Beyond tax measures, the report calls on the federal government to push banks toward greater startup lending and to make their lending data more transparent and publicly available.