Canadian Prime Minister Harper reiterated possible amendments to the Canadian SR&ED program at the World Economic Forum at Davos, Switzerland on Thursday. “We believe that Canada’s less than optimal results for those investments is a significant problem for our country,” Mr. Harper stated.
Suggested changes, as previously mentioned by the Globe and Mail, follow from the much-discussed Jenkins Report, such as potentially limiting refunds to labour-based expenditures. However, the goal of the SR&ED will remain to support innovation in Canada.
