Canada's R&D tax credit program hurts R&D in Canada

#1

Post by wwhchung » Wed, Nov 04, 2015, 8:18 PM UTC

Canada's R&D tax credit program hurts R&D in Canada
medium.com

Re: Canada's R&D tax credit program hurts R&D in Canada

#2

Post by alexandre_m » Wed, Nov 04, 2015, 9:54 PM UTC

That's an excellent article, thanks for the work.

I absolutely agree with all issues raised and proposed solutions.

I also cringe to see the evaluation of R&D work and how everything gets approved even though most of them are just actual development in the tech industry.

Businesses and R&D firms (those who fill out the forms for you with a small commission of the credits received) are abusing this system.

Re: Canada's R&D tax credit program hurts R&D in Canada

#3

Post by [deleted] » Thu, Nov 05, 2015, 2:09 PM UTC

[deleted]

Re: Canada's R&D tax credit program hurts R&D in Canada

#4

Post by wwhchung » Thu, Nov 05, 2015, 2:10 PM UTC

alexandre_m wrote: post #2

That's an excellent article, thanks for the work. I absolutely agree with all issues raised and proposed solutions. I also cringe to see the evaluation of R&D work and how everything gets approved even though most of them are just actual development in the tech industry. Businesses and R&D firms (those who fill out the forms for you with a small commission of the credits received) are abusing this system.

Agreed there are many other fundamental issues with the program. However I chose to tackle rates first since it has strong examples and solutions. The other issues are more controversial and I haven't formulated a comprehensive fix for them yet. But I will in the future. :)