So here’s the story, starting a start up is hard. There are lots of things to think about, the bottom line is always one of them. How do you make money so that you can pay your team and have enough left to keep developing your business? Forget paying yourself for the moment, just focus on paying the talent that is moving your idea forward. Love it or hate it, this is business and it doesn’t change in the startup scene.
As of recent, I’m worried because there are serious changes being considered in relation to Canada’s Scientific Research and Experimental Development (SR&ED) tax credit. If you’re a Canadian start up, you should be as well. In the past and to date, SR&ED has allowed start ups to offset the cost of operations while running a great team with competitive salaries to retain talent. There is a growing concern that changes to the SR&ED program are in the works, this could have enormous implications on Canada's ability to commercialize its research and development investments. Doing what you love, making money, paying your team, developing ideas could get a whole lot harder for start ups in Canada.
As of recent, I’m worried because there are serious changes being considered in relation to Canada’s Scientific Research and Experimental Development (SR&ED) tax credit. If you’re a Canadian start up, you should be as well. In the past and to date, SR&ED has allowed start ups to offset the cost of operations while running a great team with competitive salaries to retain talent. There is a growing concern that changes to the SR&ED program are in the works, this could have enormous implications on Canada's ability to commercialize its research and development investments. Doing what you love, making money, paying your team, developing ideas could get a whole lot harder for start ups in Canada.
