The Globe and Mail reports in its Saturday edition that Canada's tax regime is sorely in need of reform. The Globe's Matt Lundy writes that every year, the tax system becomes more complex, leaving households and businesses to navigate a labyrinth of credits and benefits. TMX Group chief executive officer John McKenzie says that recent federal measures to strengthen business investment, including the new productivity "mega deduction," are important steps toward improving Canada's competitiveness. But more needs to be done. Mr. McKenzie says: "In a hypercompetitive global marketplace, Canada must build on this momentum with policies that attract investment, strengthen our capital markets and ensure more homegrown companies are built, funded and scaled here. As a broad-based measure to encourage domestic investment, Canada should introduce a preferential inclusion rate for capital gains on investments in public companies that are domiciled and headquartered in Canada, whether held directly or through qualified diversified investment funds. In addition, Canada should reform and expand the tax-free savings account to focus on Canadian-based investments." Mr. McKenzie also wants more tax leniency for growth-stage companies.