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Ottawa is 'rebooting' its relationship with the tech industry, advocates say
Ottawa plans to double SR&ED funding limits to $6 million and use AI to ease application burdens, supporting 64% small and medium businesses, federal records show.
- On Nov. 22, 2025, Finance Minister François-Philippe Champagne unveiled Budget 2025 provisions raising the SR&ED expenditure cap to $6 million and deploying AI to reduce Canada Revenue Agency audit burdens.
- After decades of little change, Shopify president Harley Finkelstein posted a Build Canada memo in early September criticizing SR&ED's complexity, while Ottawa faces transparency concerns under the Lobbying Act, Malone said.
- Federal government records show SR&ED doled out roughly $4.5 billion to more than 22,000 applications last fiscal year, with 64 per cent of applicants being small- or medium-sized businesses.
- Advocates say Ottawa engaged Shopify and undertook broad consultation with industry and experts to shape budget proposals, aiming to boost R&D funding, and Bergen emphasizes SR&ED as 'really is kind of the crown jewel in the government's innovation programming.'
- Concerns include, with Malone saying `This is not how you do things. We have no idea how they're being deployed across the federal public service` about transparency issues, Malone said.
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32 Articles
32 Articles
Ottawa 'rebooting' its relationship with tech industry, advocates say
OTTAWA — Prime Minister Mark Carney told a business crowd in Montreal recently that the federal government got a bit of outside help on a major piece of innovation policy in the recently passed federal budget.
·Toronto, Canada
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Ottawa is 'rebooting' its relationship with the tech industry, advocates say
OTTAWA — Prime Minister Mark Carney told a business crowd in Montreal recently that the federal government got a bit of outside help on a major piece of innovation policy in the recently passed federal budget.
·Halton Hills, Canada
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Ottawa is ‘rebooting’ its relationship with the tech industry, advocates say
OTTAWA - Prime Minister Mark Carney told a business crowd in Montreal recently that the federal government got a bit of outside help on a major piece of innovation policy in the recently passed federal budget.
·Niagara Falls, Canada
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Total News Sources32
Leaning Left20Leaning Right1Center1Last UpdatedBias Distribution91% Left
Bias Distribution
- 91% of the sources lean Left
91% Left
L 91%
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