Businesses — Have your say on potential SR&ED changes

Finance launched two consultations on January 31, 2024, in which it asks interested stakeholders to provide feedback on potential cost-neutral changes to modernize and simplify the SR&ED program, and also possible ways to encourage the development and retention of intellectual property (IP) in Canada, including through the introduction of a “patent box” regime. Interested taxpayers who wish to provide input can submit comments to Finance by April 15, 2024.

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