Forecast: Total Government Support For R&D (GBARD and Tax Credits) in Canada

The forecast for Canada's government support for R&D as a percentage of GDP remains steady at 0.71% from 2024 to 2028. This projected constancy indicates a stable policy approach, without expected changes in this support category compared to 2023 figures. Over the last two years, there has been no variation, pointing to consistent support levels.

Future trends to watch for:

  • Potential policy changes or economic factors that could alter the funding levels.
  • Impact of inflation on the real value of funding and its effectiveness.
  • Forecasted shifts in global R&D priorities that could influence Canada’s strategies.

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