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Canada's new digital regulations risk stifling innovation and driving tech firms to the US, warns Yanik Guillemette.

Market News
24 May 2026
Globe Newswire
View Source
Bearish
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Yanik Guillemette, a Canadian tech entrepreneur, criticizes Ottawa's increasing digital regulations, including a proposed 15% revenue tax on streaming platforms and laws C-11, C-18, and C-22. He argues these measures burden the tech ecosystem, raise costs for consumers and businesses, and push companies to relocate to the US. Guillemette warns that such policies threaten Canada's competitiveness and innovation by creating bureaucratic hurdles and economic uncertainty. He urges Canada to reconsider its approach if it wants to remain a global tech leader rather than face economic decline.

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