Is Canadian Innovation in Decline? According to the 2017 Global Innovation Index (GII), which measures how innovative over 130 countries are, Canada has fallen from 15th place in 2016, to 18th place in 2017.1 What has Caused the Decline in Canadian Innovation? The Global Innovation Index acknowledges that “Canada excels in Read more…
Why was the Scientific Research and Experimental Development (SR&ED) program introduced, and what is the purpose of the SR&ED Investment Tax Credit Program? Although you may have previously claimed SR&ED, you may be uncertain as to why the program was created and its ultimate purpose in regards to government policy. Read more…
What does the Bloomberg 2018 Innovation Index mean for Canadian innovation? While Trudeau’s Liberal, federal government has been championing an innovation agenda since being elected in 2015, the Bloomberg 2018 Innovation Index shows that Canada has fallen behind other nations in innovation. In the Index, Canada fell two places from last Read more…
The Canadian, Federal Budget 2018 emphasizes innovation, but is this to the detriment of its title aims: Equality and Growth? In the 2018 Federal Budget Plan, you will find that the words “innovation,” “innovative,” “innovators” and “innovate” appear approximately 260 times outside of their use in tables and diagrams. This Read more…
The creation of a new independent administrator will manage tax incentives to ensure companies see more benefits. Some technology-focused groups are calling for the creation of an independent administrator to help reform the innovation tax credit system in Canada (which includes the SR&ED tax credit). The proposed administrator would comprise Read more…