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R&D Tax Update from Deloitte
Posted Tuesday, April 03, 2012
Innovation is one of the most important contributors to presistent and sustained economic growth and a key solution to Canada's lagging productivity, as discussed in Deloitte's The future of productivity: An eight-step game plan for Canada.
In anticipation of the 2012 federal budget, important issues such as Canada's productivity and innovation gap, tax credits versus direct grants, consultants' fees, effectiveness of the Scientific Research and Experimental Development (SR&ED) program, appointing a new minister of innovation, and improving administration of incentives have all been the subject of much debate.
What did the government do? Click here for the full release from Deloitte, which outlines key recommendations from the Jenkins report and how Budget 2012 implements them.