The forecast for indirect government support through R&D tax incentives in Canada shows a steady growth from 2024 to 2028, reaching CAD 3.46 billion in 2028. Compared with its standing in 2023, this represents a consistent year-on-year growth of approximately 0.9% annually. The five-year Compound Annual Growth Rate (CAGR) is expected to maintain this growth trajectory, reflecting a sustained investment in Canadian R&D initiatives.
Future trends to watch for include potential policy changes that may further influence the scale of tax incentives, shifts in key industries like technology and pharmaceuticals, and any global economic fluctuations that might impact government budget allocations towards R&D funding.
