> mostly smoke and mirrors from the founders who were able to maintain their own lifestyles using grants from the Canadian government
This describes a surprisingly high number of companies I’ve worked at in Canada. These SRED credits keep afloat so many companies that should have otherwise perished and that won’t ever go anywhere.
You can even hire SRED consultants that will help you milk those credits as much as possible (for a fee of course). You can then apply for more credits to pay off these SRED consultants fees, as I understand it... While producing little to no commercial value, and coast on these for years.
This describes a surprisingly high number of companies I’ve worked at in Canada. These SRED credits keep afloat so many companies that should have otherwise perished and that won’t ever go anywhere.
You can even hire SRED consultants that will help you milk those credits as much as possible (for a fee of course). You can then apply for more credits to pay off these SRED consultants fees, as I understand it... While producing little to no commercial value, and coast on these for years.