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Baylis Medical

Submission — Baylis Medical

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Submitter(s): Shah, Kris

Summary: Baylis Medical is a leading developer, manufacturer, and distributor of medical devices. Baylis employs over 120 people including 40 scientific and engineering staff. The SR&ED program has been extremely valuable to the company over the past 14 years. The SR&ED program provides value for businesses as it is a part of the Income Tax Ac; as a result it provides long term stability. Also the eligibility criteria have been determined by tax courts and as such have a much higher degree of certainty compared to the other government assistance programs. The SR&ED program can be improved by making it more consistent from auditor to auditor and eliminating capital income tax threshold for refundable ITCs .

Full submission: PDF Version