GM Canada plans to invest $850 in R&D (through 2016) as part of its obligations under the 2009 bailout. “The money represents exciting future implications with ripple effects that will be felt far and wide,” said Prime Minister Steven Harper.
The federal and Ontario governments invested a total of $10.5 billion in GM Canada in 2009, as the company struggled during the last recession.
Administered by Canada Revenue Agency (CRA), the Scientific Research and Experimental Development (SR&ED or SRED) Program is a $3.5 billion business incentive program to encourage research and development in Canada.
This blog will serve to keep all Canadian small- and medium-sized enterprises (SMEs), small business owners and managers, and SR&ED practitioners up to date on the latest SRED news.
