Innovate, Baby, Innovate? Key Enhancements to Canada’s SR&ED Program in Budget 2025

In the April 2025 federal election, the Liberal Government emphasized innovation as a cornerstone for economic growth, particularly in emerging sectors like artificial intelligence, quantum computing, biotechnology, and advanced manufacturing. Among the anticipated measures were a “patent box” regime and tax-favourable flow-through shares for high-tech industries, both of which are policies aimed at retaining intellectual property and boosting financing for innovative companies….
By: Mintz – Tax Viewpoints