Study urges drastic cuts to federal R&D tax breaks

Interesting article posted in The Globe and Mail:

Ottawa should dramatically cut its generous research and development tax breaks and plow the cash back into targeted grants for businesses, according to a new study by the University of Toronto’s Mowat Centre for Policy Innovation.

A radical overhaul is warranted because the nearly $5-billion a year in R&D tax incentives Ottawa and the provinces offer now aren’t working, according to a study being released Friday, Canada’s Innovation Underperformance: Whose Policy Problem Is It?

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