Author: Mark Lowey

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

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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By the Numbers: R&D in Canada’s aerospace industry

Canada has the fifth largest aerospace industry in the world and 93 percent of Canadian aerospace firms export products to other countries. But aerospace employment and share of GDP have been decreasing since 2012, according to research on the sector.

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