What Has Happened to SR&ED ih the last Decade?

View briefing note: http://tinyurl.com/yc4o5zck

In this video, Russ Roberts, CATA's Sr. VP, Tax, Finance and Advocacy talks about what has happened to SR&ED tax credits in the last Decade (view brief) and some causes of the dramatic reduction of innovation support in Canada.

Between 2009 and 2016 the aggregate SR&ED tax credits delivered by the CRA (Canada Revenue Agency) has gone down by $5.3 billion, and the Department of Finance now forecasts a 15 percent reduction in SR&ED expenditure.

CATAAlliance has argued that tax credits can be significantly better designed to support innovation, not just SR&ED. Currently, the program review process is - at best - opaque, which is unacceptable.