Originally posted on the Calgary Herald
Last year the Federal government announced their first budget, as a majority government, keeping innovation at the forefront.
Specifically several changes were announced to the Scientific Research & Experimental Development (SR&ED) program per recommendations of the Jenkins Panel to support a more direct funding model from the savings created. While the changes to the SR&ED program in the 2013 budget weren’t as significant as the 2012 budget, the focus still remained increasing direct funding opportunities to support innovation.
The Canada Revenue Agency (CRA) has just released a new policy and procedures document in which it outlines five questions to determine eligibility of work for SR&ED investment tax credits. This approach supplements how the three criteria (scientific or technological advancement, scientific and technical content, and scientific or technological uncertainty) are applied by providing a logical order for assessing them.
Below are the five questions along with definitions from the CRA:
Each year the Canadian government provides over $5 billion to 30,000+ companies to advance innovation and technology.
This seminar will give you a good understanding of all the technology focused government grants and funding programs along with their criteria.
Through a full range of support programs, TECTERRA enables Canadian companies and Alberta applied research institutions to bring innovative geomatics solutions to market.
TECTERRA enables Canadian companies and Alberta applied research institutions to bring innovative geomatics solutions to market. TECTERRA’s uncomplicated investment and grant programs are building blocks designed to reduce risk and provide support through each phase of product development and commercialization.