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Toronto Region Research Alliance

Mémoires — Toronto Region Research Alliance

Note importante : Le contenu des mémoires et des résumés est de la seule responsabilité de la personne et / ou de l'organisation qui les a rédigés. L'affichage du contenu ne signifie pas que le groupe d'experts appuie ou approuve les propos énoncés. Les mémoires et les résumés sont affichés dans la langue dans laquelle ils ont été rédigés.

Soumissionnaire (s) : Stewart, Walter

Résumé : TRRA conducted an on-line survey of key business leaders among SMEs, large companies, and foreign controlled companies and circulated draft responses to a smaller number of business leaders for further comment to formulate answers to four of the Expert Panel's questions. Key findings:

  • SR&ED works extremely well for SME's eligible for refunds.
  • Among companies for whom SR&ED is important, satisfaction levels with the program are very high.
  • The value of SR&ED for those for whom it works must be retained.
  • SR&ED is less effective for large companies, particularly those that are foreign controlled.
  • R&D mandate from global parent companies to Canadian subsidiaries represents $2.7 billion annually to the Canadian economy. There is significant potential for growth. Government should consider program to support Canadian operations of multinationals in securing and growing global R&D mandates.
  • We received a number of comments like the following: The program needs to evolve – "Canada's program is no longer attractive enough to compete against other countries such as China, UK and Australia. Global companies compete against their own sister companies around the world and a non-refundable credit system is no longer providing that competitive edge." Government should regularly benchmark its support for R&D against support in competitor companies.
  • There is a very great difference between R&D and innovation. Canada's productivity gap is much more a consequence of failure to adopt productivity tools across the economy than it is a failure to invent.
  • 75% of Canadian business is unlikely to benefit from SR&ED because their activities are unlikely to benefit from scientific discovery. Innovation in services will be critical to improving productivity in Canada.

Version complète du mémoire : Version PDF