BC has a long history of companies that have built value around their developed patents, and many companies today are carrying on this tradition of innovation. The following article provides a brief overview of the potential opportunities for companies that develop, acquire, and commercialize patents.
Developing patents-maximizing ITCs
Developing a patent may involve incurring Scientific Research and Experimental Development (SR&ED) expenditures, which qualify for tax credits (ITCs). BC offers a 10% provincial SR&ED ITC, which, combined with the 35% federalSRSiED ITC, can signify a cash return of up to 68% on qualifying labour costs for a BC Canadian Controlled …
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