Ombudsman Report on SRED
Today the Office of the Taxpayers’ Ombudsman (OTO) released the long awaited report on the administration of the SR&ED program by the Canada Revenue Agency (CRA). Unfortunately the OTO report falls short on all counts. Apparently the Ombudsman lacked formal complaints about the SR&ED program. They were looking for complaints that fell within the definition of their mandate to uphold the Taxpayer Bill of Rights and to promote professional service and fair treatment by the CRA. Apparently complaints of this nature were hard to come about. Yes, I know what you are all thinking and we are thinking the same. Continue reading “The Ombudsman Report on the Administration of the SR&ED Program”

Flaherty Seeking Insipiration from Israel
 

In order to address the widely reported lack of R&D commercialization in Canada, our finance minister, Jim Flaherty, met with officials overseeing the Israeli R&D policies. Israel’s R&D government funding model is widely admired and hugely successful. Over the past few years this government funding model propelled Israel to the number one spot in the world for the highest number of startups per capita. Continue reading “Flaherty Seeking Inspiration From Israel to Revamp the SR&ED Program”

Boast