If Canada could retain the IP generated here, we could own and commercialize the…

Finally, if we want to be truly sovereign, we have to control our technologies. Dependence on externally controlled systems is a serious risk to our country. In the event of pandemics, wars, or other crises, we can't count on others to deliver the technology that makes modern life go on. Canada must never assume that foreign powers will maintain service or even permit continued operational access to critical technologies, and right now we're getting the worst of all worlds when it comes to technological ownership. Too often, Canadians bear the costs, and foreigners get the benefit of developing technology. Subsidies make Canada an excellent place to lose money. Taxes make it a terrible place to make money. The result is predictable. Firms invent here. Then they commercialize, and they move the ownership and the profits elsewhere. Canada absorbs the cost, others reap the benefit. We are inventive. We spend massively on R&D. Now we must reap the benefits in Canada. Canada needs a full overhaul of subsidies, tax policy, IP frameworks, investment review laws with a goal of increasing commercialization by at least 50% over the next decade, and ensure that Canadian technology stays in Canadian hands on Canadian soil. That means requiring anyone who offshores IP that was developed with Canadian tax dollars pay those tax dollars back. It means allowing venture capitalists to roll over their capital gains into the development of new technologies and commercialization of those here in Canada. It means banning foreign takeovers of sensitive intellectual property, data, weapon systems, cryptography, and other vital tools of modern crises.