The ICT industry is the most research and development intensive (R&D) sector in the Canadian economy accounting for 35% of Canadian private sector R&D. R&D is a vital activity for the ICT industry as innovation is central to its progress.
Recent changes proposed for the Scientific Research and Experimental Development (SR&ED) tax credit to encourage R&D investment will have a costly impact on the performance of R&D in Canada, especially for some of Canada’s largest R&D performers. These changes are scheduled to begin in 2013 and the ICT industry is seeking a deeper understanding among policy makers of the implications of these changes as it needs more time to adjust to these changes before they take place.
For more information on the importance of SR&ED to Canada’s ICT Industry, please download ITAC’s latest “The Issue”.