Actions to improve the province Ontario’s Minister of Finance Peter Bethlenfalvy presented the 2025 Budget on May 15, 2025. In the current economic landscape – marked by trade conflicts, new or increased U.S. tariffs and threats against the Canadian economy – Ontario is focusing on a plan to protect workers, businesses and communities from economic…

Major changes are being made to R&D and e-business The Quebec Ministry of Finance Eric Girard delivered his speech on the 2025-2026 budget on March 25, 2025. In a context of political, commercial, and diplomatic turbulence, Quebec is focusing on fiscal aid measures aimed at increasing companies’ capacity to innovate and commercialize. Thus, the government…

The Scientific Research and Experimental Development Tax Incentive Program is a key funding mechanism for innovation in Canada, but businesses must be careful when preparing claims. The Gross Negligence Penalty can be imposed if a claim contains false statements or omissions, whether intentional or resulting from reckless disregard for tax obligations. Under subsection 163(2) of…

Credit refundability is now extended and capital expenditures are reintroduced. The Department of Finance of Canada has announced significant updates to the Scientific Research and Experimental Development (SR&ED) program through the 2024 Fall Economic Statement. These updates will result in an increase in the tax credits claimed by taxpayers conducting qualified activities. The new proposed…

During the 9th edition of the International Aerospace Innovation Forum,  François Legault, premier of Québec, François-Philippe Champagne, Minister of Innovation, Science and Industry of Canada, Pierre Fitzgibbon, Minister of Economy, innovation and energy of Québec, and Mélanie Lussier, president of Aéro Montreal, announced the designation of a fourth innovation zone, located in the territories of…

The Canadian Chemical Industry is one of the largest and is a huge beneficiary of R&D policies. It’s a multifaceted sector, with many developments of study and innovation, which benefit countless other industries through its resources. Canadian resources are the keystone within the economy. Constantly growing, the sector extends from commodities, pharmaceuticals, polymers to oil…

Although they sound very similar, Scientific Research & Experimental Development (SR&ED) and Research & Development (R&D) are not equals. Companies have always undertaken innovation, but when it comes to eligibility and access to tax incentives, not all innovations can be placed on the same level – or added to the same group.   Distinguishing the difference  …

The Scientific Research & Experimental Development (SR&ED) program is currently the most important innovation support program of the Government of Canada, offering more than 3 million dollars to more than 17,000 candidates each year; understanding its eligibility and mode of operation is essential to knowing and recognizing what type of work and companies can join…

Pierre Fitzgibbon, Quebec Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the Metropolis and the Montreal Region announced an investment of $4 million in addition to the $2.5 million contributed in 2022 to set up a quantum communication test bed. The Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for the…

Since 1976, Canada has been the worst-performing advanced economy in the Organization for Economic Co-operation and Development (OECD), and many governments of different partisan stripes have tried to reverse the trend, unsuccessfully. According to the OECD predicts, the country’s economic growth per capita will continue to stagnate in the next decades, if nothing changes.   Currently,…