July 26, 2017

Federal liberals promise better innovation funding but CATAAlliance says the government is really chopping billions

What Has Happened to SR&ED in the last Decade? with CATA’s Sr.VP, Russ Roberts from CATAAlliance on Vimeo.


In this video, Russ Roberts, CATA’s Sr. VP, Tax, Finance and Advocacy talks about what has happened to SR&ED tax credits in the last Decade (view briefing note) and some of the causes of  the dramatic reduction of innovation support in Canada.

Between 2009 and 2016 the aggregate SR&ED tax credits delivered by the CRA (Canada Revenue Agency) has gone down by $5.3 billion,  and the Department of Finance now forecasts a 15 percent reduction in SR&ED expenditure.

CATAAlliance has argued that tax credits can be significantly better designed to support innovation, not just SR&ED. Currently, the program review process is – at best – opaque, which is unacceptable.

Please review CATA’s SR&ED Advocacy Update and then share your experiences with and guidance for the SR&ED program, including your views on the design and delivery of innovation/commercial incentives to Canadian businesses. Contact CATA CEO, John Reid at jreid@cata.ca 

Note that your views can also be provided by using a two question SR&ED & Innovation Survey at this URL: https://goo.gl/forms/QmHCN3vaZuQ3QkAk1 

References

The above analysis and commentary is supported by research papers and Department of Finance Tax Expenditure reports:

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The Canadian Advanced Technology Alliance (CATAAlliance) is Canada’s One Voice for Innovation Lobby Group, and is 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)

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Contact: CATAAlliance CEO, John Reid at email jreid@cata.ca, tel: 613-699-8209, website: www.cata.ca, tags: Innovation. Leadership, Entrepreneurship, Advocacy