Government Submissions - 2007
Aligning Tax Policy with Health Innovation… Reviewing the SR&ED Tax Incentive Program. A Submission to the Department of Finance and the Canada Revenue Agency
In today's increasingly competitive and knowledge-driven world, the creation, dissemination and ownership of new knowledge - which is the lifeblood of innovation - is crucial and will have a major impact on our future quality of life and standard of living. As we consider the impact of health research, such as the biotechnology revolution, it is critical that we, as a country, have the right strategic framework and combination of people, structures and funding in place to fully harness the full benefits that come from innovation.
Without question, the federal government has made a substantial contribution to supporting and accelerating health research, innovation and commercialization, and the Scientific Research & Experimental Development (SR&ED) tax incentive program is one important element which attracts private sector investment.
Health and Wealth...Our Paths to Prosperity: Submission to the House of Commons Standing Committee on Finance
From the perspective of the Association of Canadian Academic Healthcare Organizations (ACAHO), we believe that there are important areas where the federal tax system can be more effectively aligned to meet a number of public policy objectives, including: improving the health status of Canadians; the overall functioning of the health system; and contributing to the country's economic prosperity.
Public Opinion Research Submitted to the Association of Canadian Academic Healthcare Organizations by SES Research (Ottawa)
SES Research's national survey revealed that overall Canadians would support changing current government policy to allow publicly-funded hospitals and other healthcare facilities to claim the full amount of the GST they pay on goods and services. To follow are a few key highlights of the research:
Awareness of GST policy towards hospitals and other
healthcare facilities was low.
- Support for changing GST policy to allow hospitals and other
healthcare facilities to claim full value was strong.
- Majority of Canadians said they would prefer all publicly
funded healthcare organizations to claim full value.