Our latest CSE Podcast episode is live - and this one tackles a major policy shift with real implications for Canadian public companies.
Host James Black sits down with Bryan Watson, Managing Director at CleanTech North, to break down recent changes under the Budget Implementation Act (C15) - and what they mean for innovation funding in Canada.
Spotlight topic: Unlocking SR&ED tax credits for public companies
For decades, refundable SR&ED tax credits have primarily benefited private companies - but new legislation changes that. Public companies can now access the same non-dilutive funding mechanisms, creating meaningful runway for innovation across sectors.
Timestamps:
00:00 Introduction & overview of C15
02:00 What changed in SR&ED eligibility
03:50 Why this matters for public companies
05:15 Non-dilutive funding & runway benefits
06:25 $6M expenditure threshold explained
07:20 What qualifies as SR&ED activity
09:50 Industries that can benefit (tech, mining, biotech)
13:30 Eligible expenses: salaries vs. capital
14:55 Financing SR&ED receivables
19:05 Documentation & audit considerations
23:10 Final thoughts & key takeaways
“Why should we penalize companies based on their source of capital?” - Bryan Watson
With billions allocated annually and new accessibility for public issuers, this shift has the potential to reshape how Canadian innovation is funded - particularly in tech, biotech, and resource development.
#AlwaysInvested
#CSEPodcast #SRandED #Innovation #PublicMarkets #SmallCap #Tech #Mining #CleanTech #CapitalMarkets #CSEListed
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Read the transcript (machine-generated, on Buzzsprout)
