Mark Lowey

Court ruling on aerospace R&D tax credit case affects entire tech sector

Mark Lowey
October 12, 2021

A Tax Court of Canada ruling that reduced a Montreal aerospace company's federal Scientific Research and Experimental Development tax credits impacts the entire tech sector and further complicates a government incentive program already rife with problems and in need of reform, say innovation advocates.

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Other stories mentioning these organizations, people and topics
Organizations: Association of Equipment Manufacturers, BC Tech, Business Development Bank of Canada, CAE Inc, Canada Revenue Agency, Canadian Advanced Technology Alliance, Council of Canadian Innovators, Export Development Canada, Federal Court of Appeal, federal Liberal Party, federal Progressive Conservative party, Scitax Advisory Partners, Sustainable Development Technology Canada, and Tax Court of Canada
People: Dana O’Born, Jill Tipping, Justice Sylvain Quimet, and Pascale Alpha
Topics: Canada's tech sector, definition of government assistance for SR&ED, government incentives for innovation, Scientific Research and Experimental Development tax credit program, SR&ED tax credits eligibility, Strategic Aerospace and Defence Initiative, and Strategic Innovation Fund

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