The Harper Government has committed to major changes in how the federal government supports business innovation. Three detailed studies of Canada's system of support for business innovation have just been released.
has tabled the report of the Jenkins Expert Panel. As well, The Mowat Centre for Policy Innovation of the School of Public Policy and Governance at the University of Toronto has also issued its report on the Scientific Research and Experimental Development (SR&ED) Program, and the C. D. Howe Institute has issued its report entitled Rewarding Innovation: Improving Federal Tax Support for Business R&D in Canada.
All strongly challenge the status quo in respect to the SR&ED program.
Copies of these reports can be downloaded at:
Call to Participate in CATAAlliance Roundtable Discussions
Join John Reid
, CEO; and Russ Roberts
, Senior Vice President, Tax and Finance, in three Round Table discussions via teleconference. The goal is to hear your thoughts and ideas on how funding for business innovation can be made more productive and identify appropriate advocacy responses.
The first round table
will focus on the implications of the Jenkins, Mowat Centre, C. D Howe reports for SR&ED and take place on Nov. 11th at 11:30 a.m. EST.
The second round table
will take place on Nov. 16th at 11:30 a.m. EST
and seeks your input on the CRA's contention that the current SR&ED Program has significant compliance issues, and on Minister Flaherty's public contention that the current program is too costly to SMEs. (Note that the Jenkins Panel report puts some emphasis on this issue of costliness.) We would like to understand your views on these issues, and their impact on firms?
One of the community's challenges is that the CRA has not publicly supported these comments with details, yet the CRA review practices are creating significant difficulties in claiming full tax credits, at least some of our members. The question is what is the overall impact of this issue on firms, and what can be done to alleviate.
The third round table
will take place on Nov. 18th at 1 p.m. EST
and will explore ideas for how to support the commercialization of Canadian technologies through new federal tax incentives—a key theme in the reports.
*Note that the round tables will be limited to 10-12 participants. Additional round tables will be set up if needed.
The Round Table discussions are being provided via teleconference. Your local call in number and access code will be sent to you by email. There is no charge to CATA members and $20 (plus HST) for Non Members. Fees are reinvested in our research programs, inclusive of SR&ED advocacy.
If you are not a member, please consider joining as a SR&ED Member which directly helps support our SR&ED advocacy efforts. To join go to http://www.cata.ca/About_Cata/sredmemb.html