Feds should be nurturing innovative, technology-intensive companies
But the government’s budget in 2012, as implemented in Bill C-45, makes significant changes to SR&ED. The bill contains a reduction in the SR&ED tax credit from 20 per cent to 15 per cent of eligible expenses, and eliminates the eligibility of capital expenditures.
Interim Liberal Leader Bob Rae. Liberal MP Ted Hsu says Canada’s future depends very much on its participation in the knowledge economy. Photograph by Jake Wright, The Hill Times