It's quite possible; however, there are a few things happening at the same time. There's the lifetime capital gains exemption on small businesses that is being increased. There's also a new incentive for entrepreneurs in certain sectors that is being introduced at the same time as the inclusion rate is going up. There are many things at play so it's quite possible that the innovation aspect will not be affected for smaller businesses but also negatively affected for most, if not all of the other sectors—those that trigger capital gains higher than the thresholds.
On June 17th, 2024. See this statement in context.