I am genuinely curious on your take, since you seem to have direct knowledge. I have seen many people say things in the same vein, but also hear positive things from people in Canada and outsiders as well.
I am genuinely curious on your take, since you seem to have direct knowledge. I have seen many people say things in the same vein, but also hear positive things from people in Canada and outsiders as well.
Re: SRED credits - I've been a part of the application process twice. Documentation can be a bit cumbersome, but not much more than 5 minutes summarizing the weeks work in a spreadsheet (for each employee), and tracking their hours spent on related tasks. Add in source control and the numerous artifacts that software devs come up with, means low amount of effort for high payout. And by high payout, I'm talking 1-2 devs salary in a 10 dev shop. We also hired a consulting company that specialized in SRED applications which saved us a ton of overhead. Cost 10-20% of payout, but was worth not having to deal with the application and/or any audits had they occurred.
Where do they live? Even a crack house in Vancouver costs $1M. Vancouver has probably some of the most expensive real estate in the entire world now.
But I've been in a few different startups in Canada, and they've all successfully received very significant SRED payments. Having the government pay a huge chunk of your engineering payroll has been a key part of the success of some of these companies.