The forecast for indirect government support through R&D tax incentives in Canada from 2024 to 2028 shows minimal growth, with values rising marginally from 14.39% to 14.4% of BERD. As of 2023, the actual value was 14.39%, indicating a very slight upward trend. The year-on-year growth between 2024 and 2025 is stagnant, while the CAGR over the five-year period shows negligible average annual growth, reflecting a stable but slow increase in this form of support.

Future trends to watch for:

Potential policy adjustments that could either boost or diminish R&D incentives.
Changes in the global economic environment influencing Canada’s innovation funding strategies.
Evolution in BERD and its impact on the attractiveness and effectiveness of R&D tax credits.