Tag Archives: Budget

Budget

The government released its Budget 2022 that includes some IP related provisions:

  • “amendments to the Copyright Act to extend the general term of copyright protection from 50 to 70 years after the life of the author”;
  • “legislative amendments to the College of Patent Agents and Trademark Agents Act to better enable directors of the College to prioritize the public interest”;
  • “Review of Tax Support to R&D and Intellectual Property” including SR&ED and a patent box regime;
  • “$750 million over six years, starting in 2022-23, to support the further growth and development of Canada’s Global Innovation Clusters”; and
  • funding for “CanExport program to help Canadian businesses secure their intellectual property in foreign markets”, expand use of ExploreIP, Canada’s intellectual property marketplace” and “expand the Intellectual Property Legal Clinics Program”.

Budget

The 2021 federal budget released today, touches on several intellectual property matters including “$90 million over two years, starting in 2022-23, to create ElevateIP, a program to help accelerators and incubators provide start-ups with access to expert intellectual property services”, “$75 million over three years, starting in 2021-22, for the National Research Council’s Industrial Research Assistance Program to provide high-growth client firms with access to expert intellectual property services.”, deductions for certain “digital assets and intellectual property” and “Expanding loan class eligibility to include lending against intellectual property and start-up assets and expenses”.

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