Finance Canada is seeking feedback on how the scientific research and experimental development (SR&ED) tax incentive program can better ensure intellectual property developed in the country stays here. It’s also considering a “patent box,” which offers firms a lower tax rate on income they earn from IP. Consultations close April 15. (The Logic)

Talking point: The Liberal government promised a SR&ED review, including exploring IP and patent box measures, in the April 2022 budget. Last month, it signalled it would get going on the plan, even as it delayed the Canada Innovation Corporation’s launch. The federal government estimates it will pay out $3.86 billion in SR&ED credits this year; in 2018, my colleague Catherine reported much of the money goes to large firms. Business groups and tech founders have long contended that the program supports the wrong kind of companies, or doesn’t support commercialization enough. (The Business Council of Canada argues for larger credits for larger firms, while the Council of Canadian Innovators argues for smaller.)