Recommendations to federal R&D review panel focus on small business realities
For more details
Letter to Minister of Finance
As part of the Review of Federal Support to R&D initiative, launched October 14, 2010, CFIB provided an overview of key expectations of the federal government when it comes to supporting research and development (R&D) in smaller firms and what revisions are needed to current R&D support programs. We suggest that Federal support should first focus on lowering the overall tax and red tape burden on SMEs and that improvements to other tax measures such as accelerated CCA rates and SRED tax credits also be considered. SRED is of great value to many firms but is in need of improvements to make it an even more effective tool in supporting R&D investment in smaller companies. We also recommend that government implement targeted outcomes with specific metrics to all federal R&D programs and commit to discontinuing those programs that are not producing the desired outcomes.
