BC Tech welcomes the Department of Finance announcements on 15 August 2025 about planned expansions to the SRED program. The program is a critical source of non-dilutive funding for companies who invest in innovation both in the tech sector and in wider industry.

The proposed increase in the 35% refundable SRED limit from $3M to $4.5M and the Canadian-controlled private corporation capital cap from $50M to $75M will be welcome, as is the re-introduction of eligible capital expenditures which will encourage capital investment to support SRED.

The proposed introduction of refundable SRED for qualifying public corporations is also welcome recognition that government supports Canadian companies to grow and invest in operations in Canada whether or not they have had an IPO.

BC Tech