Bridging the Innovation Funding Gap: SR&ED and Direct Funding Programs

The past few years have seen manufacturing business slowly return to Canada, as automotive and other technology companies realize that consistent quality and increasingly demanding part performance may not be achievable in low cost jurisdictions. At the same time, changes to the SR&ED program introduced in the 2012 Federal budget are beginning to take effect. Many Canadian companies pursuing innovation have found that while the combined effect of the changes to the program resulted in a reduced SR&ED benefit, alternate innovation funding programs have not managed to close the funding gap.

In the March / April issue of Canadian Manufacturers & Exporters' magazine 20/20, SR&ED Consultant Tanja Radenovic discusses how companies can work to continue to benefit from the SR&ED tax credit and other innovation funding programs.

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