
MVIP Mentorship Tax Credit Survey
For the past couple of years, MVIP™ and its partners (FORPIQ and its members) have been working on creating a 'first of its kind' mentorship tax credit in the world. We have presented a version of the proposed tax credit to the Canadian House of Commons Standing Committee on Science and Research in 2023 and it was referred to in Report 7:
"Following their appearance before the Committee, a brief submitted by the international Intellectual Property Forum-Quebec outlined a proposed tax benefit for entrepreneurial mentors to assist start-ups, early-stage companies and SMEs in Lieu of payment for services. which would allow them to learn from experienced mentors with little to no cost. [160]"
Since the publication of this report - which led to a series of tax consultations (SR&ED - phase 1 and 2 and the patent box) - MVIP™ has collaborated with politicians who have a passion for innovation, academics, a Big 4 accounting firm, and now we want to hear from you! - the Canadian business community.
We want to know how mentorship has impacted your business, and your thoughts on "paying it forward". Our informal survey should only take a few minutes to complete. There is no greater urgency to move this initiative forward.
If you have any questions, please contact us (referencing: TAX CREDIT in the title).
Thank you,
Chris Thierry and David Durand
