John Lester – R&D Tax Credit Review Needs to Focus on the Right Issues
To: The Hon. Chrystia Freeland, Minister of Finance From: John Lester Date: August 24, 2022 Re: R&D Tax Credit Review Needs to Focus on the Right Issues Canada is not keeping up in the global competition for innovation-led growth and prosperity. Our research and development intensity is low relative to other countries and not enough of our inventions […] R&D tax credit review needs to focus on the right issues – Financial Post Op-Ed
Canada is not keeping up in the global competition for innovation-led growth and prosperity.
Our research and development intensity is low relative to other countries and not enough of our inventions are commercialized at home. Can Ottawa’s current review of the Scientific Research and Experimental Development (SR&ED) tax credit announced in its last budget make a difference?
In principle, yes, but early indications are that the review will focus on issues of dubious merit or those that would best be handled with new measures rather than by modifying SR&ED.
The federal review has two objectives. The first is to assess whether the SR&ED program is effective in encouraging R&D that benefits Canada. The…
Jon Johnson – Inflation Reduction Act of 2022 – An Improvement on Build Back Better?
From: Jon Johnson To: Canadian Trade Watchers Date: August 04, 2022 Re: Inflation Reduction Act of 2022 – An Improvement on Build Back Better? President Biden’s proposed Build Back Better legislation (with its discriminatory subsidy provisions for electric vehicles satisfying US content requirements and produced only at unionized plants in the US) is now dead. […] Conference Report – Canada’s 2030 Emissions Reduction Plan: What’s Realistic?
Canada’s 2030 Emissions Reduction Plan: What’s Realistic? Environment and Climate Change Canada’s 2030 Emissions Reduction Plan (ERP) is “a plan to have a plan,” according to a new Policy Seminar Report from the C.D. Howe Institute. The C.D. Howe Institute held a Special Policy Seminar on June 23, 2022, with the goal of providing an […] Tax Support for R&D and Intellectual Property: Time for Some Bold Moves
Ottawa’s Review of the SR&ED Credit Needs Bolder Thinking Ottawa’s review of the Scientific Research and Experimental Development (SR&ED) program is welcome news, but bolder thinking is needed to substantially improve the effectiveness of the tax credit, according to a new report from the C.D. Howe Institute. In “Tax Support for R&D and Intellectual Property: […] Robert Asselin – Scientific Research and Experimental Development (SR&ED) Reform
From: Robert Asselin To: Finance Minister Chrystia Freeland Date: June 22, 2022 Re: Scientific Research and Experimental Development (SR&ED) Reform The modern application of science and technology is the new frontier of economic competitiveness. Advanced industries – with their high concentration of R&D and STEM workers – are the core of the world’s high-value economy […] Peter Glossop – Damages for Abuse of Dominance: A Necessary Reform
From: Peter Glossop To: Canada’s Competition Law Community Date: June 21, 2022 Re: Damages for Abuse of Dominance: A Necessary Reform Currently, the Commissioner of Competition is the only person who can bring proceedings to stop a dominant firm from engaging in anti-competitive acts that prevent or lessen competition. Bill C-19, the Budget implementation bill, would allow a business […] Von Finckenstein, Denham – Canada Needs Coherent Digital Regulation (II)
From: Konrad von Finckenstein and Elizabeth Denham To: Canada’s Digital Regulators Date: June 16, 2022 Re: Canada Needs Coherent Digital Regulation (II) Yesterday we outlined the regulatory challenges Canada faces in the digital realm as the federal government wrestles with reviews of its competition, Internet regulation and privacy legislation. We pointed to the UK example where initially three agencies […] Von Finckenstein, Denham – Canada Needs Coherent Digital Regulation (I)
From: Konrad von Finckenstein and Elizabeth Denham To: Canada’s Digital Regulators Date: June 15, 2022 Re: Canada Needs Coherent Digital Regulation (I) Recent digital innovations have created abundant opportunities, but societal problems related to technology have emerged as well. Fortunately, Canada has strong privacy laws and regulatory bodies that protect citizens by keeping tabs on governments and companies that […] Ottawa Moving with Unnecessary Haste on Competition Law Reform
June 9 – The government missed key opportunities to consult with various constituencies affected by proposed amendments to the Competition Act in the Budget Implementation Act. While agreeing with Minister Champagne regarding the critical role of the Competition Act in promoting dynamic and fair markets, the Competition Policy Council does not think that such consequential changes to the legislation intended to improve its operation can, or should be, done without input from stakeholders. In all cases, the Council is of the view that greater consultation before implementing the changes would, and still could, improve them to the betterment of Canadians and the Canadian economy. This is the consensus of the C.D. Howe Institute…
Bafale, Robson – Canadian Investment in Intellectual Property Products is Too Low
To: Canada’s Minister of Finance, Chrystia Freeland From: Mawakina Bafale and William B.P. Robson Date: May 9, 2022 Re: Canadian Investment in Intellectual Property Products is Too Low Minister, your 2022 federal budget rightly highlighted the importance of economic growth for Canadians’ future prosperity and the fiscal health of Canadian governments. Much of the budget’s […] Goldman, Taylor, Cartel, Schwartz – Proposed Revision of the Efficiency Defence for Mergers in Canada’s Competition Act
To: The Hon. Francois-Philippe Champagne, Minister of Innovation, Science and Industry From: Calvin Goldman, Richard Taylor, Nicholas Cartel, and Larry Schwartz Date: May 4, 2022 Re: Proposed Revision of the Efficiency Defence for Mergers in Canada’s Competition Act The Competition Bureau’s 67-page submission to Senator Howard Wetston’s Competition Act consultation process used about 20 pages to […]