Canada Launches the Second Phase of Consultations on the Scientific Research and Experimental Development Tax Incentive Program

Canada's Department of Finance has launched a second phase of consultations on improving support for Scientific Research and Experimental Development (SR&ED). This follows the first phase of consultations launched in January 2024. The second phase is meant to inform how additional funding allocated to the SR&ED program in Budget 2024 can be best used to enhance the program in order to boost innovation and R&D. The deadline for comment is 27 May 2024.

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Launching the second …