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NOVA Chemicals Corporation

Submission — NOVA Chemicals Corporation

Important note: The content of submissions and summaries is the sole responsibility of the person and / or organization having made a submission. The posting of this content does not indicate that the Panel supports or endorses it. Submissions and summaries are posted in the language provided without modification.

Submitter(s): Harrison, Daryll

Summary: In our submission, NOVA addresses the SR&ED tax credit program: direct vs. indirect funding; reducing the administrative burden on businesses and how businesses work with post-secondary institutions. Specifically, NOVA recommends that the federal government make five specific changes to the SR&ED tax credit program, including modifying the claim process and extending the Accelerated Capital Cost Allowance program. NOVA also recommends the federal government engage Canadian businesses in discussions around how to fund the private sector in innovation activities and promote effective working relationships between businesses and academic institutions who are engaged in applied research.

Full submission: PDF Version