October 20, 2016

A Game Plan for a targeted system of tax based innovation support to promote Canada’s economic growth: Major Tech Group answers Innovation Minister’s Call

bains

Ottawa, ON...CATAAlliance, Canada’s One Voice for Innovation Lobby Group has responded to a request from the office of Navdeep Bains, Minister of Innovation, Science and Economic Development for additional guidance for improvement to Canada’s System of federal tax support for business innovation.

The ‘game plan’  guidance, authored by CATA Sr. VP, Russ Roberts, a 30 year veteran public policy expert,  took the form of a 17 page, briefing note, outlining multiple action items validated by research and business cases, video commentaries, interviews and Surveys of the community.

Full details can be viewed at: https://drive.google.com/file/d/0B__wzrAC_E12R0Z3SkRDT2VxMXk2c2d3bnJWdXFzbVk1cTlF/view?usp=sharing

CATA CEO, John Reid, said, “CATA believes that a much more effective, well managed, and better targeted system of tax based innovation support is needed to promote economic growth across the economy. We are proposing that a new business oriented agency focused on growing the Canadian economy be created to manage, develop, and evaluate all tax based innovation support, including the SR&ED program.”

He concluded, “ What is proposed here requires the Government to step outside the box not only by supporting the creation of the agency but a more efficient cadre of supporting legislation.”

About CATAAlliance

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The Canadian Advanced Technology Alliance (CATAAlliance) is Canada’s One Voice for Innovation Lobby Group, crowdsourcing ideas and guidance from thousands of opt in members in moderated social networks in Canada and key global markets. (No Tech Firm Left Behind) Contact: CATA CEO, John Reid at jreid@cata.ca