Thursday, July 05, 2012

Say Goodbye To The SR&ED Tax Credit, Canadian Innovators

As someone who actually contributed (in a small way) to the filing of my employers' annual Scientific Research & Experimental Design tax credit application back when I was a full-time manager, this government move to do away with that credit and replace it with a grant system is sad news, indeed. As the article writer points out, that change will drastically alter how the money gets doled out, and significantly weaken the good it can do.

I can't help but wonder how much they talked to the actual innovators before implementing this change.

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