April 8, 2020

CATA calls on feds to provide billions in emergency aid to tech firms

A major Canadian tech industry group is urging the federal government to free up billions of dollars in fast-tracked funding to help sustain companies that are struggling to survive as the COVID-19 crisis wreaks havoc with the economy.

In an open letter to Prime Minister Justin Trudeau, the Ottawa-based Canadian Advanced Technology Alliance is calling on the feds to immediately release a $200-million backlog of Scientific Research and Experimental Development claims. The SR&ED program provides tax credits or refunds to companies that conduct scientific research or development in Canada.

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