Government Support
Canada ’s regulatory policies and government regulation encourage business growth and research and development. In addition, Canada has been recognized as the best business environment for the next four years.
Supports for Industry Growth
- Canada offers the lowest R&D; costs of G-7 countries (Table 1)
- Competitive protection of intellectual property under Canadian law
- Generous government research-support programs
- Active and ongoing process of regulatory improvement for pharmaceuticals
- Competitive corporate and payroll taxes
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Table 1: Rate of Tax Subsidies for US$1 of R&D;
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Country
|
Rate
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Canada
|
.187
|
|
United Kingdom
|
.096
|
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United States
|
.066
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France
|
.061
|
|
Japan
|
.009
|
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Germany
|
-.025
|
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Italy
|
-.026
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Source : OECD STI Division, January 2003
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