The Canadian Manufacturing sector has compounding struggles in the past 15 years, be it the recession a decade ago or the cross-border tariffs. Regardless, the companies who have diversified and stayed innovative have survived and progressed. While the entire manufacturing sector has pressure to stay competitive, the Canadian Government has taken several steps to fund & incentivize this innovation to position Canada as a Global leader in research & innovation.
One of the major incentives from the Canadian Government is SR&ED Tax Credits. Companies that have taken advantage of the SR&ED program in addition to numerous Grants & Funding opportunities available for this sector have managed to thrive.