Gaétan Morin participates in federal pre-budget consultations
MONTRÉAL, Oct. 18, 2017 /CNW Telbec/ - Gaétan Morin, President and Chief Executive Officer of the Fonds de solidarité FTQ, attended the federal pre-budget consultations today, where he told committee members that the Fonds is capable and willing to play a role in inclusive growth for all.
Mr. Morin reminded the MPs that thanks to the provincial and federal tax credits, the Fonds makes it easier for middle-class workers to save, even those with more modest incomes. Their savings are then channeled into businesses as "patient capital" to support their growth and allow them to create quality jobs.
Between 2008 and 2017, the Fonds committed almost $5.8 billion of direct investments in businesses and specialized private funds, making it one of Canada's top direct and indirect venture capital investors.
"This week's announcement of the SME tax cut should be viewed by business owners as an opportunity to innovate in order to ensure their growth. This tax cut shows that the federal government is listening to entrepreneurs while at the same maintaining equity for the middle class."
Gaétan Morin, President and Chief Executive Officer, Fonds de solidarité FTQ
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ is a development capital investment fund that channels the savings of Quebecers into investments. As at May 31, 2017, the organization had $13.1 billion in net assets, and through its current portfolio of investments has helped create and protect 186,440 jobs. The Fonds is a partner in more than 2,700 companies and has 645,664 shareholder-savers. Please visit www.fondsftq.com for more information.
SOURCE Fonds de solidarité FTQ
For further information: For media representatives only: Patrick McQuilken, Senior Advisor, Media Relations and Communications, Fonds de solidarité FTQ, Phone: 514 850-4835, Mobile: 514 703-5587, Email: [email protected]