Canada’s founder community is heading into 2025 facing a reset in how growth and exits are taxed. The federal adjustments to the Scientific Research and Experimental Development (SR&ED) program are prompting early-stage companies to revisit their R&D budgets, particularly the thresholds that determine refundable credits. For many science-based ventures, the change will alter the timing of experiments, hiring, and equipment spending. At the same time, the new Canadian Entrepre
