ITAC Releases 2015 Pre-Budget Submission

ITAC has submitted its recommendations to the Government of Canada in advance of the anticipated fall federal budget. Among the key recommendations:

  • Canada must make the improvement of its performance in scientific, technical, engineering and mathematics education a national priority. The Government should invest appropriately for this outcome, including at least $5 million over 3 years to enable a national roll out of ITAC Talent’s Career Mash program. Support for co-ops, internships and other mechanisms to expose students to business culture and life should continue.
  • ITAC continues to recommend that the Government study the impact of changes to the SR&ED program and restore some of the lost value from SR&ED by increasing the tax rate to SR&ED qualified pool balances.
  • ICT is a vital component in improving outcomes in our national healthcare delivery system. Canada Health Infoway (CHI) is a major contributor to this ITAC recommends a recapitalization of CHI in the amount of $180 million over three years.

The full submission can be found here.