Jenkins Report recommends changes in SR&ED system (Views: 6048)
Thu, 17 Nov 2011
An expert panel leading the review of federal R&D support to Canadian controlled private corporations submitted its final report to the Honourable Gary Goodyear, Minister of State for Science and Technology. This report chronicles the large amount of funding available ($5 billion each year) for such projects, but the corresponding lack of results relative to other countries and the dollar figure associated.
This report could prove to be a significant turning point in the efficiency of federal capital allocated towards research and development in Canada’s private sector.
For more information or to read the report in full, visit:
http://rd-review.ca/eic/site/033.nsf/eng/h_00000.html
The report made 6 main recommendations that included the creation of an Industrial Research and Innovation Council (IRIC) and an overall simplification of the tax credit system used to support SMEs in Canada, among others.
This report could prove to be a significant turning point in the efficiency of federal capital allocated towards research and development in Canada’s private sector.
For more information or to read the report in full, visit:
http://rd-review.ca/eic/site/033.nsf/eng/h_00000.html
Leave a comment
Please complete empty fields.
