Recent Blog Post
By: Alexei Gavriline
On October 17th 2011 the Independent Panel on Federal Support to Research and Development released its long-awaited report titled “Innovation Canada: A Call for Action”.
The Panel has identified the gaps in Canada’s innovation system:
• the strategic use of public sector procurement to foster innovation,
• the enhanced use of large-scale research collaboration and
• the availability of risk capital to finance the development and growth of innovative businesses.
The above findings are hardly a revelation, and it is hard not to agree with the Panel on this account. One would suppose that the Panel’s recommendations would somehow address the above issues, but it is not the case. Instead the recommendations focus on reallocation of funds currently spent on government subsidies and grants. This includes reorganizing SR&ED program, changing administration of IRAP program, and creating a whole new set of bureaucratic institutions which are somehow expected to become a driving force of Canadian innovation.
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2012-Jan-23 - SR&ED joint filings now averaging 64 days to process - http://t.co/80u3CEk0
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2012-Jan-12 - Worried about changes to SR&ED? Read our assessment of the Jenkins report at http://t.co/8x5Wqfdf
2012-Jan-03 - Tax Season 2012 has officially begun!
2011-Dec-23 - New SR&ED policy drafts from the CRA related to Materials, Asset and Production Trials http://t.co/Fe0rW4Gb