- Consulting with Canadians -

Archived

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Dmitry Shparber's Submission in Response to Joint Finance Canada Canada Revenue Agency Consultation Improving the Scientific Research and Experimental Development Tax Incentives:

Being the key instrument for the industrial research conducted throughout the private sector, presently, SR&ED program is lacking attractiveness for multi-national corporations. Taking into the account that such companies provide with somewhat powerful capabilities where a larger portion of the overall budget is spent towards R&D as well as advancement in a variety of fields of applied science, such can contribute significantly to the creation of a climate of innovation on the domestic market. Present incentives for such corporations are not fully engaged due to non-profitability of the Canadian divisions as a result of a lower corporate taxation rates provided in the foreign taxation systems.