New SR&ED Tax Credit Operating Model: CATA Game Plan Discussion Paper (8 pages)
June 2, 2016

publicpolicy.jpgCATA Game Plan for adopting a New SR&ED Tax Credit Operating Model


++ Action Request: Work is now completed on a CATA Game Plan Discussion Paper (8 pages) for adopting a New SR&ED Tax Credit Operating Model. The Discussion paper is linked to key research documents to support recommendations and as a basis for a cross Canada advocacy Campaign.


Executive CATA members with an interest in this subject area can request an advance copy of the Game Plan by contacting CATA CEO, John Reid at jreid@cata.ca


Background:


Currently, $ 3.1 to $ 3.3 billion in "tax assistance" is provided through the SR&ED tax credits claimed each year.  In contrast, the program provided $ 4.1 billion in "tax assistance" in each of 2007-2008 and 2008-2009.  Current funding levels represent a total decrease of $ 4.2 billion over the six years since 2008-2009.  As noted above, a significant portion of this drop appears to have occurred before the recession would have impacted on SR&ED filings, because claimants have 18 months after their fiscal year ends in which to file.  (Source: CRA's Annual Reports to Parliament 2007-2008 to 2014-2015.)


Three decades of continuous advocacy by the business community for improvement in the SR&ED program.


Today, serious, longstanding issues with the SR&ED program persist.  Our members are discouraged and many are doubters, findings validated by Surveys, White Papers and Interviews...


About CATAAlliance


Interact with your Innovation Peer Group Now http://www.linkedin.com/groups/Canadian-Advanced-Technology-Alliance-CATA-37239/about


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