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Article: SR&ED dominates pre-Budget lobbying as major funding programs seek renewal

Article from:
Research Money
Article date:
February 26, 2007
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Enhancements to the scientific research and experimental development (SR&ED) tax credit program are shaping up as the hot-button issue in pre-Budget lobbying for changes to Canada's R&D and S&T environments. The chorus of calls for SR&ED changes was bolstered earlier this month with the release of a report from the House of Commons Standing Committee on Industry, Science and Technology (1ST).

SR&ED is the federal government's main mechanism for stimulating private sector R&D, with an estimated $2.6 billion in tax expenditures in 2005. But Canada's business R&D track record is far from satisfactory, lagging behind nearly every other advanced nation as a proportion ...

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