Organization: Export Development Canada

Court ruling on aerospace R&D tax credit case affects entire tech sector

A Tax Court of Canada ruling that reduced a Montreal aerospace company’s federal Scientific Research and Experimental Development tax credits impacts the entire tech sector and further complicates a government incentive program already rife with problems and in need of reform, say innovation advocates.

Canada’s next industrial strategy needs to focus on business innovation

By Bert van den Berg The New North Star II report should be lauded for suggesting the creation of a national, challenge-driven industrial strategy.  As others have noted, such a strategy would represent an important change for Canada. Past decades have seen a laissez-faire approach focused on ensuring favourable business conditions … an approach that…

MoneyTree-PwC report: VC-backed deals up in Q2 as interest in AI soars

The venture capital community in Canada was upbeat in the second quarter of the year, investing in 116 deals from 112 in the first quarter. But the value of investments dropped by 7% to only US$900 million compared to the first quarter. Still, the latest MoneyTree report by PwC Canada and CB Insights noted a…