In short, the CRIC will be fully refundable and will support research and development as well as pre-commercialization activities. It will apply to:

• Labour expenses;
• Equipment acquisition costs;
• 50% of the amount of a contract entered into with a subcontractor, which may include a university, a research centre or a research consortium.

To this end, it provides for the abolition of the:

• Tax credit for salaries of researchers
• Tax credit for university research and for research carried out by a public research centre or a research consortium
• Tax credit for private partnership pre-competitive research
• Tax credit for fees and dues paid to a research consortium
• Tax credit for design
• Tax credit for technological adaptation services
• Tax holiday for the hiring of researchers
• Tax holiday for the hiring of foreign experts
• Incentive deduction for the commercialization of innovations (DICI), which is already in effect

Increasing our capacity to innovate