[compiledkoala]

I understand how SR&D works - I've filed for it several times.

My hot take: given the 1 year delay on receipt of funds and the fact that it has the biggest impact on small teams, if you are going to scale a VC backed startup as fast as you need to - SR&D won't be the reason you succeed. If you are not scaling fast enough to make it - SR&D won't save you.

If you stay in Canada and raise from Canadian VC's you'll get half the cash at half the valuation. The government makes that up to you in SR&D a year later.

Found in Canada because it's your home and you love it. That's the only real reason. And it's a good one.

[bryanlarsen]

Banks are generally happy to factor SR&D for you if you need to get your money faster