The CRA plans to reform SR&ED

The Liberals’ pre-election April budget pledged major capital injections for flagship scale-up and R&D programs, as well as hundreds of millions for strategies to develop the country’s AI, quantum and life-sciences industries.” according to The Logic’s Special Report on October 26, 2021 titled “The cabinet ministers who matter to the innovation economy.


François-Philippe Champagne (who) remains Minister of Innovation, Science and Industry … will also likely work alongside returning Revenue Minister Diane Lebouthillier to reform the scientific research and experimental development tax incentive, which the Liberal platform promised to make “more generous” to risk-taking and inventive firms.