Canadian Chamber on SR&ED Tax Credits and Innovation

I am writing on behalf of the Canadian Chamber of Commerce because the Tax Court of Canada’s (TCC) denial of National R&D Inc.’s 2011 claim for investment tax credits under the Income Tax Act (the Act) for having conducted Scientific Research and Experimental Development (SR&ED) in that year creates a disincentive and adds uncertainty for Canadian businesses seeking to innovative to become more productive and globally competitive.

I am writing on behalf of the Canadian Chamber of Commerce because the Tax Court of Canada’s (TCC) denial of National R&D Inc.’s 2011 claim for investment tax credits under the Income Tax Act (the Act) for having conducted Scientific Research and Experimental Development (SR&ED) in that year creates a disincentive and adds uncertainty for Canadian businesses seeking to innovative to become more productive and globally competitive.