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I hope you guys can find other means/ways to create jobs. I live in Vancouver where hi-tech companies receive generous amount of SR&ED (Science Research and Education) grant. Let's just say that it was a good thing for short-term but not-so for long-term.


Could you go into more detail?


In BC, if you are a hi-tech company, you are eligible to receive SR&ED (given by the government, but you need to fill some paperworks).

In the short-term, it's great because it gives your company some money to survive. In the long-term, when your actual balance sheet is red but because of SR&ED it becomes green, most companies are lying to themselves.

There are many companies in BC that rely on SR&ED and as a result, they're not dead nor living. They can't pay top money for top talent. Their product/software take the hit. There are many CEOs that only want to ship the product ASAP or else they're going down ASAP as well.

In general, it's a vicious cycle.


Wouldn't that be the fact for any low tax corporation structure?


I'm not 100% sure. I believe even big corporation might receive some too (there might be a max amount).




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