Possible Changes to SR&ED on the Horizon

On September the 16th 2011, Jim Flaherty, the Minister of Finance highlighted the government’s commitment to creating a more innovative and educated workforce in an address to the Perimeter Institute in Waterloo, Ontario.

An expert panel was elected in October of 2010 to review the federal support on SR&ED projects and we can expect the findings and results in just a few weeks. The overall consensus in the business sector is that this program needs to change, but in what direction is the question. Currently, Canada is the highest ranked in G-7 countries in regards to educational spending on R&D; however it falls behind in its businesses spending on R&D. One can only wonder what the panel will decide and whether the country’s R&D dollars will be spent investing in businesses or education.

For more information on Jim Flaherty’s speech visit the department of finance:
www.fin.gc.ca

Or for information on the Research and Development Review Panel visit:
www.rd-review.ca

Posted: September 21st 2011 - Bookmark the Permalink