Persistent problems in closing off on the aging files of certain firms claiming federal R&D tax credits has handed the Auditor General of Canada (AG) ammunition to blast the Canada Customs and Revenue Agency (RevCan) over its handling of the scientific research & experimental development (SR&ED) program.
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Canadian Institutes of Health Research officially launched by Royal Assent replacing the Medical Research Council
The timing is a little off, but the Canadian Institutes of Health Research (CIHR) is now a reality having passed through both the House of Commons and the Senate before receiving Royal Assent on April 14.
MEDICAL BRIEFS
Milestone Medica funds Univ of Ottawa spin-off
Milestone Medica Corp (MMC) and the Univ of Ottawa have created a new private company to develop new therapies targeting heart disease and stroke based on the university’s research using proprietary zinz compounds.
National telecommunications institute launched
The Communication Research Centre (CRC) is the headquarters for a new National Capital Institute of Telecommunications (NCIT), which has received $36 million in cash and other commitments over a five-year period.
OIT invests in research infrastructure at the Univ of Western Ontario
The Ontario Innovation Trust (OIT) has invested $18 million in a variety of research infrastructure projects at the Univ of Western Ontario (UWO), including $9.6 million for the Canadian Light Source (CLS), a $173.
Innovation Contest
DY4 Systems Inc, Kanata ON, has launched its Teknov 8 Technological Innovation Challenge with a prize of $50,000 going to the winning entry. Contestants must develop a business plan and a new venture with a deadline of January 1/01.
Correction
In RE$EARCH MONEY, Vol 14, No. 1, incorrect data was inadvertently published on the MRC/Rx&D Research Program. The correct figures for the institutions affected are: Sunnybrook Health Sciences Centre ($142,456); Univ of Western Ontario ($1.
Budget’s tax reduction initiatives please business crucial change to federal R&D tax credit program raises concerns
The federal government has initiated a series of cautious but encouraging tax reduction measures geared to bringing Canada business in line with its major competitors, particularly in the high technology sector.
Quebec Budget delivers $190 million for research and introduces generous tax credits to encourage the transition to the new economy
In contrast to previous years, the recent Quebec Budget was a touch light on S&T initiatives, but that’s not surprising given the intense focus the Parti Quebecois administration has placed on all facets of the knowledge-based economy.
Ontario examining new commercialization fund for possible inclusion in next provincial budget
The Ontario’s Ministry of Energy, Science and Technology (MEST) is working quickly to craft a new, two-pronged program designed to help bridge the gap between university-based discoveries and the marketplace.

