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This report identifies six key incentives for a microelectronics business to locate in Canada. Incentives include:
- Research and Development Excellence Canada has a track record of research excellence in microelectronics. From the invention of the telephone by Alexander Graham Bell to the successful Blackberry that launched Research in Motion into a multi-billion dollar company, microelectronics research in Canada has produced great technology breakthroughs and world-leading researchers.
- Well-funded and Supported Research The Canadian government leads the OECD as the largest active funder in science and technology research and development. Through its various provincial and federal branches, the Canadian government provides support for research, infrastructure, indirect costs, mobilization, and people. In 2006, Canada’s 69 universities received $5.6 billion in sponsored research income while Canada’s top 653 companies invested $12.8 billion on research and development.
- Scientific Research and Experimental Development (SR&ED) Tax Credits Canada offers exceptional conditions for research with a generous research and development tax-credit program. Foreign companies can access 35% tax credit by creating a Canadian-controlled private corporation and can access 25% tax credit by building a Canadian subsidiary that carries out qualifying SR&ED activities in Canada. Provincial tax programs complement the federal SR&ED tax credits.
- Favourable Commercialization Environment Canada’s industrial culture benefits local and international companies by concentrating on commercializing new technologies for the global market. Testimonials from foreign companies located in Canada prove how conducive the commercialization culture in Canada really is. Companies can access state-of-the-art facilities; this document also details examples of successful commercialization of leading edge technology.
- Skilled Labour Canada has some of the highest ranking engineering schools in North America. We offer strong undergraduate, master’s and doctorate programs, as well as courses for employees already in the field. Canadian researchers are well educated and experienced. Various governmental and university programs match students to a co-op or internship position so that they are well equipped after graduation to enter the work force. There is also a labour cost advantage for employing Canadian workers.
- Strong Clusters of Activity Industry, government, and universities drive microelectronics innovation in Canada. We offer: • industrial clusters, such as Bromont, • government clusters such as the network centres of excellence, and • university clusters such as the BC-3.
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This document shared with permission from Foreign Affairs and International Trade (DFAIT) Canada.
