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.
Organization: Canada Revenue Agency
Canada needs increased public and private sector investment and policy reforms to support youth-led solutions to the climate crisis, which will save Canadians hundreds of millions of dollars in climate-related costs, Kat Cadungog, executive director of the Foundation for Environmental Stewardship, says in an op-ed.
Research Money is tracking the parties’ pledges on research and innovation for the upcoming federal election. The Green Party was the latest party to release its platform, which includes promises to increase funding for the granting councils, create a $1-billion Green Venture Capital Fund and establish a new innovation agency.
The Conservative Party of Canada releases its innovation plan, more than 330 university research projects receive $77 million through the Canada Foundation for Innovation, the federal government pours $61.5 million into the next phase of the Canadian Longitudinal Study on Aging, and more.
Global Affairs Canada is accepting submissions from Canadian software companies for its Fall 2020 Venture Capital Dealbook; The Canada Revenue Agency has extended reporting deadlines for SR&ED; the Toronto-Waterloo Innovation Corridor partners with Silicon Valley; and more.
The Natural Sciences and Engineering Research Council has awarded $76 million for 128 new applied research projects at colleges, cégeps and polytechnics. Funded through the tri-agency College and Community Innovation Program and the College-Industry Innovation Fund from the Canada Foundation for Innovation, the investments will connect colleges with local companies, particularly small- and medium-sized enterprises, to collaborate on projects that further…
Vancouver-based AbCellera Biologics will receive up to $175.6 million from the federal Strategic Innovation Fund to fast-track antibody therapies against COVID-19. The funding will also go to build a first-of-its-kind antibody manufacturing facility over the next four years to help Canada respond to future pandemics. AbCellera has partnered with global biopharmaceutical company Eli Lilly to…
Equipment manufacturers in Canada aren’t using the SR&ED tax credit nearly as much as they should. Why? The answer comes down to the difference between an “intuition” and a “hypothesis.”
The latest report from The Impact Centre at the University of Toronto, titled The Myth of a Better Mousetrap, offers some striking observations on Canada’s competitive shortcomings and makes several radical suggestions to improve our performance.
Submissions to the House of Commons Standing Committee on Finance (FINA) in advance of Budget 2019 seek better R&D tax credits, more space investments, and a bigger Strategic Innovation Fund, among other things.