September 22, 2011
Ottawa could better foster business innovation in Canada by creating a competitive tax system across the entire innovation value chain, according to a report released today by the C.D. Howe Institute. In Rewarding Innovation: Improving Federal Tax Support for Business R&D in Canada, author Mark Parsons says Ottawa should focus its efforts on improving the tax treatment of the fruits of innovation – income from intellectual property and production of new goods and services – while maintaining incentives for investment in research and development.