In June 2012, Deloitte conducted an online survey on the effects of the federal budget and how it impacts innovation investment in Canada. It was revealed that 80 percent of those surveyed believe that the budget will have a negative impact on the money available from SR&ED and offers little to no benefit for new start-ups. In addition, 67 percent of those surveyed do not think that the new direct funding methods announced in the budget will compensate for the reduction in tax credits. Overall, the survey is an indication that most companies believe that the reduction of SR&ED funding will only make Canada less globally attractive for companies to invest in.
